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Reliance MF CPSE ETF issue gets oversubscribed by four times

Press Trust of India  |  Mumbai 

Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs 6,000 crore, by anchor investors.

The issue saw anchor investors putting in Rs 6,000 crore against Rs 1,500 crore reserved for them. Nomura, Morgan Stanley, SBI, LIC, Axis Bank and Birla MF are some of anchor investors for the issue which had base size of Rs 4,500 crore with provision to retain over-subscription of upto Rs 1,500 crore.

"We are overwhelmed by the response received from investors across all categories today. The issue saw very strong participating from the private sector, in addition to government participation, on the first day itself and we are hopeful of strong momentum in the retail category that opens tomorrow", Reliance Mutual Fund chief executive Sundeep Sikka said in a statement.

----------------------------------------------- DSP BlackRock Investment Managers appoint Parekh as Jt Prez

An asset management company DSP BlackRock Investment Managers today said it has appointed Kalpen Parekh as joint president.

Parekh will be responsible for overseeing functions such as sales, marketing, operations, human resource and risk & quantitative analysis, while leading international sales. S Naganath will continue to be the president and CIO of the firm, a company statement issued here said.

Parekh was previously managing director and head of Sales & Marketing at IDFC Mutual Fund.

---------------------------------------------- Adweb Tech portal offers security for cashless digital India


Mumbai-based IT security provider and website security solutions Adweb Technologies has launched its new portal https.In, an online platform for procuring SSL & code signing certificates, for securing mobile apps and websites.

Apurva Mody, Founder, Adweb Technologies said, "HTTPS.IN is an effort to educate and economically provide, through an easy online process, SSL & Code signing certificates to the SME & software developers alike".

While most web users, are only aware of https when doing internet banking transactions, they will now see the change in their entire web browsing experience with more websites now moving to a more secure "https" domain, a compnay statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, January 17 2017. 19:22 IST
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