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Mahanagar Gas commands 30% premium in grey market

The gas distribution company's initial public offering (IPO) will open for subscription on Tueday and will close on Thursday

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Street Signs

Samie Modak & Joydeep Ghosh 

Shares of Mahanagar Gas are changing hands at a premium of 30 per cent in the grey market, say brokers. Grey market operators are offering investors up to Rs 550 per share of Mahangar Gas, compared to its price band of Rs 380 to Rs 421 apiece.

The gas distribution company's initial public offering (IPO) will open for subscription on Tueday and will close on Thursday. Debt fund invests 60% in a single paper A leading fund house's debt scheme, with assets in excess of Rs 12,000 crore, has exposure of almost 59 per cent in a single government bond paper, the 8.13 per cent 2045 ...

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First Published: Sun, June 19 2016. 23:55 IST
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