 "Thomas Cook OFS subscribed 2.1x; Mission1 buys 23% stake in Shriram AMC")
Thomas Cook OFS subscribed 2.1x
The Rs 500 crore offer for sale (OFS) by Thomas Cook India was subscribed 2.14 times on Thursday. The 40-million share offering saw bids for 85.7 million shares largely from institutional investors. Most of the bids came at Rs 135 as against the base price of Rs 125. Its shares fell 5 per cent to close at Rs 150 in the secondary market trading. BS REPORTER
Mission1 buys 23% stake in Shriram AMC
Mission1 Investments LLC, a US-based investment firm, has acquired a 23 per cent stake in Shriram Asset Management Company as a result of debt to equity conversion. The investment firm had infused Rs 37 crore into the AMC to reignite the mutual fund business in February 2022,
the AMC said. BS REPORTER
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%