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Renol Polychem's IPO is set to launch on Thursday. Investor confidence is high, supported by robust financial performance. The IPO aims to raise Rs 26 crore through a fresh issue of shares. Anchor investors have already committed Rs 4.03 crore. The funds will be used for capital expenditure, working capital, and debt repayment.
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The agreement comes just a day before a 1 August deadline for countries to strike deals with the US.
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Jio Financial Services will raise 15,825 crore by issuing convertible warrants. Sikka Ports and Jamnagar Utilities will be issued these warrants. The capital will be used for investments in insurance and lending ventures. Jio has tied up with BlackRock for mutual funds. Jio Financial's board approved the issuance of warrants at Rs 316.50 apiece.
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