Laxmi India Finance falls in trading debut
05/08/2025 06:31
** Non-banking finance co Laxmi India Finance LAXN.NS slumps 10% to 142.29 rupees in debut trade ** Co trading at a nearly 10% discount to its issue price of 158 rupees ** LAXN's current market cap stands at 7.3 billion Indian rupees ($83.14 million) ** Co plansto use proceeds from the fresh issue towards augmenting its capital base to meet future lending requirements, as per its prospectus ($1 = 87.8080 Indian rupees) (Reporting by Ananta Agarwal in Bengaluru) ((Ananta.Agarwal@thomsonreuters.com))