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Quality Power Electrical shares will debut on the stock exchange following an IPO offered at Rs 425 per share. The IPO saw a subscription rate of 1.2 times, raising concerns due to a muted grey market premium, suggesting a flat to negative listing debut.
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The uncertainty comes as European Union leaders are set to hold an extraordinary summit on March 6 to discuss additional support for Ukraine and how to pay for European defence needs.
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And in a sign of the times, even investors focused on environmental, social and governance (ESG) metrics are now softening once strict exclusion policies to make room for defence assets.
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