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Shares of Sona BLW were under pressure for the past few days, reacting to reports of a block deal. In the last five days, the stock has lost about 10.66%

A week ago, Powell surprised markets by saying the Fed may need to raise interest rates at a faster pace than the quarter-point hike it delivered in February to curb stubbornly persistent inflation. Days later, SVB and Signature Bank failed, and the Treasury and Fed launched a vast emergency lending facility saying more banks faced the risk of runs.

The collapse of Silicon Valley Bank raised fears of a fresh financial crisis, which sent oil prices tumbling. However, Chinese demand provided support, and prices recovered later in the day. In recent days, a weaker dollar, which makes oil cheaper for holders of other currencies, has lent some support to prices.

The payment of the second interim dividend will be made on or before March 31 to all eligible shareholders, whose names appear in the register of members as on record date.

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.

Under the block deal, French multinational bank Societe Generale has bought about 64 lakh shares, according to the data available with the exchanges. The other buyers could not be ascertained

SVB became the biggest US lender to fail in more than a decade on Friday, after a tumultuous week that saw an unsuccessful attempt to raise capital and a cash exodus from the startups that fueled its rise.

PNC Financial Services Group Inc, Apollo Management and Morgan Stanley are also in talks with the defunct lender, Axios reported, adding Apollo was interested in financing a deal or acquiring some of the business.

The startup-focused bank, SVB, became the largest bank to fail since the 2008 financial crisis last week, sending shockwaves across global markets. U.S. regulators stepped in over the weekend to guarantee the deposits of SVB, but this did little to reassure investors that there will be no more fallout. In the money markets, a closely watched indicator of credit risk in the U.S. banking system edged up on Monday, as did other indicators of credit risk in the euro zone

U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in U.S. history, behind only the 2008 failure of Washington Mutual