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Savy Infra and Logistics will launch its IPO on Monday, July 21, to raise up to Rs 69.98 crore at the upper price band of Rs 120. The issue comprises 58.32 lakh equity shares and will be listed on NSE Emerge. The proceeds will fund working capital and general corporate purposes.
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Raymond shares: The brokerage stated that Raymonds shift toward becoming a precision manufacturing-centric firm, particularly through its aerospace and auto components divisions, sets the stage for strong multi-year growth.
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The UK government is increasing spending on defence, but companies who supply military kit have yet to see any new contracts.
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