According to a Moneycontrol report, the sanctioned Russian financial institution Gazprombank was the primary source of income for the Indian cloud firm ESDS. Gazprombank contributed 20.15% to ESDS' total revenue in FY25, but this figure dropped sharply to 2.8% in FY26 due to the impact of sanctions. On Friday, ESDS opened its ₹720-crore initial public offering, which is scheduled to remain open until September 1.

by shortkt.com✓

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