Chairman and CEO Manish Gupta of Indegene says that a portion of the IPO proceeds will be used to repay debt, which includes interest costs associated with a previous loan. This, according to him, will boost the company s profitability.
Even though some jitters persisted ahead of the FOMC meet, analysts remain positive of the bullish momentum taking the Nifty and Sensex to fresh record highs in the coming sessions.