The commercial vehicle sector is gearing up for a record-breaking year, while significant changes are unfolding in the tech world. Fedbank Financial Services has announced that its initial public offering (IPO) will commence tomorrow and run through Saturday, aiming to capitalize on the current IPO excitement by listing on major exchanges. The offering encompasses five separate issues, with a combined target of raising ₹7,400 crore.
As the financial sector watches Fedbank’s move, the commercial vehicle industry is also making headlines with projections indicating a potential record revenue year in FY24 due to robust sales forecasts.
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