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According to DataHorizzon Research, the wires and cables market was estimated at USD 208.3 Billion in 2022 and projected to reach USD 313.3 Billion by 2032. ....
Tongia said there is robust demand in the wires and cables segment as India is a consumption powerhouse and the demand from various sectors like infrastructure, real estate, and industries will benefit Polycab. ....
Of this, nearly 10% will be through an issue of fresh shares, with the proceeds to be utilised for bringing down the debt of the company, while the balance 90% will be an offer for sale by its promoter and private equity investor TPG Asia. The promoter holding will drop by 3.65 percentage points to 62.7% after the IPO. ....