Sansera Engineering plans IPO; to raise up to Rs 1K-cr 17/05/2018

Sansera Engineering plans IPO; to raise up to Rs 1K-cr
17/05/2018
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Sansera Engineering is looking to raise around Rs. 1000 crore, said the media reports. The Company has started a process to appoint investment bankers for its IPO. Sansera is one of the highly exclusive band of engineering companies globally that builds its own CNC-SPMs, allowing its customers to benefit from a dual advantage - cost-effectiveness and enhanced machining capabilities. Founded in 1987, Sansera’s product portfolio encompasses components such as crankshaft assemblies, rocker arms, gear shifter forks, common rail, connecting rods and others. Sansera has seven manufacturing facilities spread across the states of Maharashtra, Karnataka, Himachal Pradesh and Uttaranchal.

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Devi Seafoods get Sebi’s nod for IPO 15/05/2018

Devi Seafoods get Sebi’s nod for IPO
15/05/2018
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Devi Seafoods received capital markets regulator Sebi’s approval to float initial public offering, reported PTI. Devi Seafoods had filed its IPO papers in March and obtained Sebi’s “observations” on 11 May, latest update with markets regulator showed. Devi Seafoods’ IPO will see sale of shares by the company’s promoters P Brahmanandam, P Suryavathi, P Rama Devi and N Naveena, preliminary papers filed with Sebi showed. The public offer is expected to fetch Rs 900 crore, according to merchant banking sources. Axis Capital, ICICI Securities and Kotak Mahindra Capital Company will manage the company’s public issue.

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Indostar Capital Finance IPO subscribed 6 times overall 14/05/2018

Indostar Capital Finance IPO subscribed 6 times overall
14/05/2018
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The initial public offer of non-banking finance company Indostar Capital Finance was subscribed 6.80 times on the last Friday, reported PTI. The Rs 1,844-crore IPO received bids for 15,34,39,156 shares against the total issue size of 2,25,75,438 shares, data available with the NSE showed. The qualified institutional buyers (QIBs) portion was subscribed 16.05 times, non institutional investors 6.92 times and retail investors 1.34 times, merchant banking sources said. The IPO comprises fresh issue of up to Rs 700 crore and an offer for sale of up to 2 crore equity shares, including anchor portion of 9,671,328 shares. The price band has been fixed at Rs 570-572 apiece. Proceeds from the fresh issue of shares would be used to augment capital base to meet future capital requirements. JM Financial, Kotak Mahindra Capital Company, Morgan Stanley India Company, Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) are managing the issue.

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SIRCA Paints' Rs 78-cr IPO to open on May 16 11/05/2018

SIRCA Paints' Rs 78-cr IPO to open on May 16
11/05/2018
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SIRCA Paints India said it has fixed a price band of Rs 151-160 per share for its initial public offering through which it is estimated to raise Rs 78 crore, reported PTI. The company's initial public offer (IPO) will open on May 16 and close on May 18, SIRCA Paints said in a statement. The company's IPO committee has finalised allocation of up to 48,69,600 equity shares of face value of Rs 10 for cash at a price band of Rs 151–160 per share. At the upper end of the price band, the firm is expected to raise Rs 77.91 crore. The shares will be listed on NSE's Emerge platform. Proceeds of the issue will be utilised to finance the expenditure of plant development; purchase of plant and machinery; and to meeting working capital requirements.

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Indostar Capital garners Rs 553 cr from anchor investors, IPO opens today 09/05/2018

Indostar Capital garners Rs 553 cr from anchor investors, IPO opens today
09/05/2018
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Non-banking finance company Indostar Capital Finance said it has raised a little over Rs 553 crore from anchor investors, ahead of its initial public offering, which opens today, reported PTI. The company's IPO committee has finalised allocation of 96,71,329 equity shares to as many as 24 investors at Rs 572 apiece, also the upper price band for the offer, Indostar Capital said in a statement. At this price, the total amount works out to be Rs 553.19 crore, it added. Among the anchor investors are SBI Mutual Fund (MF) HDFC MF, Aditya Birla Sunlife MF, Fidelity, EastBridge, ICICI Lombard General Insurance, ICICI Prudential Life Insurance and Bajaj Alliance Life. Indostar Capital's Rs 1,844-crore IPO will be open for public subscription during May 9-11, with a price band of Rs 570-572 per share. The IPO comprises fresh issuance of shares worth Rs 700 crore, besides, an offer-for-sale involving up to 2 crore shares. Proceeds of the fresh issue will be used to augment capital base to meet future capital requirements. The promoters and the existing shareholders will dilute up to 30 per cent of their ownership through the public issue. The company is 42.3 per cent owned by the private equity fund Everstone Capital, while ACP Libra owns 16.35 per cent and Beacon India PE owns 10.8 per cent. The issue is being managed by JM Financial, Kotak Mahindra Capital, Morgan Stanley, Motilal Oswal and Nomura.

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TCNS Clothing gets Sebi go-ahead for IPO 08/05/2018

TCNS Clothing gets Sebi go-ahead for IPO
08/05/2018
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Women's apparel maker TCNS Clothing Company has received markets regulator Sebi's go-ahead to float an initial public offering, reported PTI. TCNS sells its products under W, Aurelia and Wishful brands. The firm had filed draft papers with the regulator in February and obtained its "observations" on May 4, according to the latest update with the Securities and Exchange Board of India. Sebi's observations are necessary for every company planning to launch a public issue like initial public offer (IPO), follow-on public offer (FPO) and rights issue. With this, the total number of companies receiving Sebi's approval has reached 16 so far this year. Going by the draft papers, little over 1.57 crore shares are to be offloaded through the offer-for-sale (OFS) route. Among others, promoters -- Onkar Singh Pasricha and Arvinder Singh Pasricha -- will offload shares in the IPO. Of the total, 47.14 lakh shares would be allocated to anchor investors. "Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity to our shareholders," the draft papers noted. Kotak Investment Banking and Citi are the book running lead managers for the offer. As on September 30, 2017, TCNS sold its products through 418 exclusive brand outlets, 1,305 large format store outlets and 1,361 multi-brand outlets in different parts of the country. It also sold products through six exclusive brand outlets in Nepal, Mauritius and Sri Lanka.

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Shakun Polymers files IPO papers with Sebi 07/05/2018

Shakun Polymers files IPO papers with Sebi
07/05/2018
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Shakun Polymers has filed draft papers with capital markets regulator Sebi to float an initial public offering. The IPO comprises fresh issue of shares worth Rs 75 crore and an offer for sale of up to 18 lakh equity stocks by the existing shareholders, according to the draft papers filed with Securities and Exchange Board of India (Sebi). Shakun is a leading player in the field of compounds for the wire and cable market. It has two manufacturing facilities at Halol district in Gujarat and one at Daman, having a total installed capacity of over 25,000 metric tonnes per annum. Proceeds of the issue will be utilised towards setting up of new unit for manufacturing Halogen Free Flame Retardant (HFFR) compounds and general corporate purpose. Vivro Financial Services Pvt Ltd will manage the company's public issue and shares will be listed on BSE and NSE.

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John Energy gets Sebi's go-ahead for IPO 04/05/2018

John Energy gets Sebi's go-ahead for IPO
04/05/2018
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John Energy, backed by ace investor Rakesh Jhunjhunwala, has received markets regulator Sebi's go-ahead to raise an estimated Rs 350 crore through an initial public offering, reported PTI. The company had filed draft papers with Securities and Exchange Board of India (Sebi) in February and obtained its "observations" on August 27, as per the latest update with the regulator. Sebi's observations are necessary for any company planning to launch public issue like initial public offer (IPO) and follow-on public offer (FPO). Going by the draft papers, John Energy's IPO comprises fresh issuance of shares worth Rs 218 crore and an offer for sale of up to 16,77,744 scrips by the existing shareholders, including IL&FS Financial Services and India Rig Company. Proceeds of the issue will be utilised towards repayment of certain borrowings availed by the company and for other general corporate purposes. According to merchant banking sources, the initial share-sale is expected to fetch Rs 350 crore. Established in 1987, John Energy is a leading Indian company catering to the upstream and mid stream oil and gas industry. Jhunjhunwala has 18.21 per cent stake in the company, while ICICI Bank owns 4.47 per cent holding in the firm. IDFC and Keynote Corporate Services will manage the company's public issue. The equity shares are proposed to be listed on BSE and the National Stock Exchange (NSE). In 2016-17, John Energy reported a consolidated revenue of Rs 582 crore, compared to Rs 565 crore in the previous year. Besides, the firm posted a profit after tax of over Rs 71 crore in 2016-17 against Rs 29 crore in the preceding fiscal.

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GR Infraprojects files papers with Sebi for Rs 1,800-cr IPO 03/05/2018

GR Infraprojects files papers with Sebi for Rs 1,800-cr IPO
03/05/2018
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GR Infraprojects has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 1,800 crore through an initial public offering, reported PTI. The IPO comprises fresh issue of shares worth up to 500 crore besides an offer for sale of up to 11,225,343 equity shares by the existing shareholders, including promoters, according to the draft papers filed with the Securities and Exchange Board of India (Sebi). Among the selling shareholders are India Business Excellence Fund, an associate of Motilal Oswal Investment Advisors Ltd, Vinod Kumar Agarwal and Lokesh Builders. According to merchant banking sources, the IPO is expected to fetch Rs 1,800 crore. Proceeds of the public issue will be utilised for investment in the company's certain subsidiaries; repayment of loans; purchase of capital equipment for EPC business and for other general corporate purposes. HDFC Bank, IDFC Bank, Motilal Oswal Company Limited Investment Advisor and Yes Securities (India) Ltd will mange the company's initial share-sale offer. GR Infraprojects is one of the leading integrated road EPC companies with experience in design and construction of various road and highway projects across 14 states in the country. It has experience in constructing state and national highways, bridges, culverts, flyovers, airport runways and rail over-bridges. Earlier, in September 2016 as well, the company had filed IPO papers with Sebi and received the regulator's go-ahead to launch the public issue. It however did not go in for the IPO then.

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Crystal Crop Protection files Rs 1,000-cr IPO papers 02/05/2018

Crystal Crop Protection files Rs 1,000-cr IPO papers
02/05/2018
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Agro-chemical firm Crystal Crop Protection today filed draft papers with the markets regulator SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO comprises fresh issue of shares worth up to Rs 545 crore and an offer for sale of up to Rs 455 crore, from the promoter and existing shareholders, including Everstone Capital, according to the draft prospectus filed with SEBI, reported PTI. Proceeds from the issue will be utilised towards repayment of certain working capital facilities availed of by the company, funding acquisitions and other strategic initiatives; and other general corporate purposes. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), Nomura Financial Advisory and Securities (India) and SMC Capitals will manage the company’s IPO. The company has a diversified business, from manufacturing and marketing domestic agrochemicals to manufacturing and distribution of seeds, and the distribution of agri-equipment and export of agrochemical products.

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Adani Green Energy eyes stock market listing: Media Reports 30/04/2018

Adani Green Energy eyes stock market listing: Media Reports
30/04/2018
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Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to be spun out and listed on Indian stock exchanges within the next two weeks, said two bankers familiar with the company's plans, Reuters said. The company is one of the first pure-play renewable energy firm to come to list in India, since wind energy firm Orient Green Power's listing eight years ago. "Adani Enterprises plans to offload around a quarter of its stake in Adani Green," one of the bankers said, adding this will be followed by Goldman Sachs-backed ReNew Power's IPO.

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Lodha Developers to soon file initial papers for IPO 27/04/2018

Lodha Developers to soon file initial papers for IPO
27/04/2018
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Lodha Developers will soon file draft prospectus with markets regulator Sebi to launch its IPO to raise about Rs 5,500 crore mainly for repaying its debt, sources said as per the PTI report. Mumbai-based Lodha Developers has revived its plans to launch an initial public offer (IPO) and will soon file draft red herring prospectus (DRHP) with Sebi. The company had filed its DRHP in September 2009 to raise about Rs 2,800 crore. It received Sebi's nod in January 2010, but later shelved its plan to launch the IPO due to bad market conditions post the global financial crisis. A Lodha spokesperson declined to comment on the IPO plan. In July last year, Lodha Developers MD Abhishek Lodha had said the company is reviving IPO plans. "We are aiming for listing in calendar year 2018 and shall approach Sebi in the next 6-9 months," he had said, but refused to share the amount the company wanted to raise. According to sources, the company is looking to raise about Rs 5,500 crore through its IPO, including pre-placement of shares. The group achieved sales bookings of about Rs 8,500 crore during 2016-17 fiscal from both domestic market and London despite slowdown in the real estate market. In July, Abhishek Lodha had said its Indian debt stood at Rs 14,500 crore, while the debt of the London business was about 300 million pounds. Privately-held Lodha Group is currently developing around 40 million sq ft area and has 31 ongoing projects in London, Mumbai Metropolitan Region, Pune, Bengaluru and Hyderabad. It has a land bank of 350 million sq ft for future development. The group had forayed into the London realty market in 2013 and acquired two prime sites in central London for an investment of about 400 million pounds. Lodha UK is eyeing a sales revenue of 1.5 billion pounds (over Rs 12,000 crore) from two ongoing housing projects in central London.
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Lite Bite Foods plans IPO to tap capital market 25/04/2018

Lite Bite Foods plans IPO to tap capital market
25/04/2018
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Lite Bite Foods, which runs popular restaurant like Punjab Grill, Baker Street and Street Foods, is considering to raise funds through an initial public offer (IPO), reported PTI. The company is promoted by Dabur's Vice Chairman Amit Burman and Rohit Aggarwal, and runs close to 140 restaurant outlets through its portfolio of over a dozen brands. "We are toying with the idea ..May be next year we will be big enough to think of an IPO. We have met different bankers about how we should go ahead. We would rather go in for IPO than private equity. We are having discussions but nothing is decided yet. May be next year," Lite Bite Foods Chairman Amit Burman told PTI. "As of now, it is all internal accruals from promoter funds," he added. Lite Bite Foods has also bagged master concession right for development of eateries in 5-tier 2-tier airports in India. The company plans to open close to 60 new outlets in India in the next financial year, mostly in these new airports, through a portfolio of its owned and franchised brands. At present, the company opens outlets from the portfolio of 12 owned brands and 7 managed brands such as KFC, Burger King, Subway and Pizza Hut at airports. "Travel by Indians is going up and we want to look at airport travel retail as a separate business vertical. We have had experience of running eateries at airports. We have bagged master concession for Indore, Ahmedabad, Coonoor, Calicut, and Bhubaneshwar airports. "We are also looking at expanding the existing presence at the Jammu and Pune Airports, he said. At present, the company operates 58 outlets at airports in Mumbai, Delhi, Bengaluru, Pune, Jammu and Goa. Burman said the company also plans to bid for concession at airports outside India such as Thailand, Singapore and Dubai, whenever an opportunity comes. The company is also looking at expanding its business of institutional catering. It at present operates 21 outlets for running this business. It serves 10 institutional clients.

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PNB MetLife plans IPO of up to Rs 2000-cr 23/04/2018

PNB MetLife plans IPO of up to Rs 2000-cr
23/04/2018
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Indian life insurer PNB MetLife aims to embark on an IPO of Rs 2000 crore later this year, according to people with knowledge of the plan, reported Reuters. Bank of America Merrill Lynch and Kotak are leads on the float. Punjab National Bank owns 74 per cent of the life insurer, while MetLife International Holdings holds 26 per cent.

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Vectus Industries to file draft prospectus for IPO soon 19/04/2018

Vectus Industries to file draft prospectus for IPO soon
19/04/2018
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Vectus Industries Ltd, a maker of plastic storage tanks and pipes, is looking to go public and will soon file its draft prospectus for a Rs. 500 crore initial public offering (IPO), said two people aware of the development as per the media reports. The company sells water storage tanks under Vectus, Ganga and Waterwell brands. It also offers PVC, CPVC and composite pipes and fittings under the Vectus brand.
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Capricorn Food gets Sebi's go ahead to launch IPO 18/04/2018

Capricorn Food gets Sebi's go ahead to launch IPO
18/04/2018
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Capricorn Food Products India Ltd, an integrated food processing company, has received markets regulator Sebi's go ahead to float an initial public offering, reported PTI. The company had filed IPO papers with Securities and Exchange Board of India (Sebi) in February and obtained its "observations" on April 12, latest update with the regulator showed. Sebi's observation is necessary for any company planning to launch public issue like initial public offer (IPO), follow-on public offer (FPO) and rights issue. With this, the total number of companies receiving approval from the capital markets regulator has reached 13 so far this year. Going by the draft papers, Capricorn Food's IPO comprises fresh issuance of equity shares worth Rs 171 crore and an offer for sale of up to 76.43 lakh scrips by the existing shareholders. Proceeds of the issue will be utilised towards repayment of certain indebtedness of the company; investment in its subsidiary -- Gonglu -- for repayment of certain borrowings availed by it; and and general corporate purposes. IIFL Holdings, ICICI Securities and IDFC Bank will manage the company's public issue. The equity shares are proposed to be listed on the BSE and NSE. Established in 1998, Capricorn Food is a food processing company with both export and domestic operations. It serves clients across North America, Europe, Asia-Pacific, Africa and the Middle East.
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ACME Solar Holdings looking to re-file its DRHP 17/04/2018

ACME Solar Holdings looking to re-file its DRHP
17/04/2018
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ACME Solar Holdings is planning to re-file the draft red herring prospectus for its initial public offering (IPO), said the media reports. “ACME Solar is looking to re-file its DRHP. They will file the new prospects with financial numbers for the fiscal ending 31 March. The company had several projects under development that have come online recently and, thus, the need to re-file as these will result in change of financial numbers and valuation,” said a person, requesting anonymity as he is not authorized to speak with the media. In September, ACME Solar had first filed its DRHP with Sebi to raise Rs2,200 crore through the IPO. The company had planned to raise Rs 2,200 crore through its initial public offer (IPO).

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IndoStar Capital gets Sebis nod for Rs 2000 cr IPO 16/04/2018

IndoStar Capital gets Sebis nod for Rs 2000 cr IPO
16/04/2018
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Non-banking finance company IndoStar Capital Finance has received markets regulator Sebis go-ahead to raise an estimated Rs 2,000 crore through initial public offering (IPO), reported PTI. The company had filed IPO papers with Securities and Exchange Board of India (Sebi) in January and received "observations" from the regulator on April 3, as per the latest update with the markets watchdog. Sebis observations is necessary for any company planing to launch public issues like initial public offer (IPO) follow-on public offer (FPO) and rights issues. Going by the draft papers, IndoStar Capital Finances IPO comprises issuance of fresh shares worth Rs 700 crore. Besides, existing shareholders will offer up to 2 crore scrips. The company plans to utilise the net proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements. Besides, the IPO will enhance its brand name and create public market for its equity shares in the country. According to merchant banking sources, the IPO is expected to fetch Rs 2,000 crore. JM Financial, Kotak Mahindra Capital Company, Morgan Stanley India Company, Motilal Oswal Investment Advisors and Nomura Financial Advisory and Securities (India) Pvt Ltd will manage the companys public issue. IndoStar Capital was capitalised by global investors in 2011 to create an independent credit institution. Its current shareholders include Everstone Capital, Beacon India Fund, ACPI Investment Managers and CIDB Capital. The corporate and SME-focused non-banking finance player has recently expanded its portfolio to offer vehicle finance and housing finance products.

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MKU is considering a possible IPO - Media Reports 13/04/2018

MKU is considering a possible IPO - Media Reports
13/04/2018
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MKU Ltd. is exploring the option of going public and could soon start work on an initial public offering (IPO), said the media report. MKU is an Indian defence company headquartered in Kanpur, India. The company manufactures protection and surveillance range of equipment and solutions, including ballistic helmets, armour inserts, bulletproof vests, and electro-optical devices like night vision binoculars and monoculars. MKU was founded by G.K. Gupta in 1985 to manufacture and supply fibre glass helmets to the Indian armed forces. It started manufacturing body armour in the year 2000.
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Hinduja Leyland Fin plans to file Rs 1000 crore IPO in April 11/04/2018

Hinduja Leyland Fin plans to file Rs 1000 crore IPO in April
11/04/2018
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Hinduja Leyland Finance plans to file a draft prospectus later this month as it looks to revive an IPO of up to Rs 10 billion (US$154m), people with knowledge of the transaction said according to the PTI report.

The IPO is likely to be launched in the second half of 2018. The company filed for a Rs 7 billion IPO in 2016 but did not go ahead as the federal governement's demonetisation move affected the businesses of finance companies.

Axis, Citigroup and Yes Securities are the bookrunners this time around. Citigroup was not part of the 2016 syndicate, while ICICI Securities and SBI Capital no longer feature on the mandate. Hinduja Leyland Finance, part of the Hinduja Group, provides loans for the purchase of commercial vehicles.

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