The utility vehicle industry is gearing up for a banner year, while significant changes are taking place in the world of technology. Fedbank Financial Services announced that its initial public offering (IPO) will begin tomorrow and run through Saturday, aiming to capitalize on the current IPO enthusiasm by listing on major exchanges. The offering comprises five separate issues, with a combined target of raising ₹7,400 crore.
As the financial industry watches Fedbank’s move, the commercial vehicle sector is also making headlines with projections pointing to a potential record revenue year in FY24 on the back of strong sales guidance.
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