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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a dynamic team of reporters, turning complex market data into captivating stories. Off the clock, he's a tech geek, always up-to-date with the latest in gadgets, mobiles, and motorbikes. A sports enthusiast, he avidly follows cricket and tennis. With his blend of market expertise, tech passion, and sports fandom, he brings a fresh, engaging perspective to financial journalism.
Apart from HDFC Bank, no other Indian firm has raised capital via these routes since 2017
Legal experts cite 'inconsistencies' in Tribunal's order
"We expect a lot to go in the right direction for India. These include bad loans declining, consumption recovering, and investments rising"
Bankers see excess demand in Rs 6,000-cr anchor book
Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward
Issuance of partly paid shares, however, will queer the pitch for arbitrage traders
The move will help increase the investment legroom in the merged entity, which could lead to higher passive flows from global index trackers, said analysts
4% spread on offer; analysts bullish on long-term prospect of merged entity
Proposed payment system aimed at preventing misuse of client funds by brokers
Market players said the selling could be because of fears around further sell-downs by existing investors
HCL Technologies, Dr Reddy's Lab and Tech Mahindra were among the top-sells in December
The net folio addition also declined 19 per cent, compared with the previous year, reveals data from the Association of Mutual Funds in India
Will be first to issue partly-paid up shares
The pace of growth was 34.3 per cent, which was lower than that of 2021 which stood at 61.8 per cent
November proved to be a good month for private equity (PE) and venture capital (VC) funds as far as exits via initial public offerings (IPOs) and sell-downs in listed firms were concerned
Invest Rs 3,300 crore in maiden offerings, pull out from secondary market
Since November, shares of Tata Motors have remained flat, while the DVR has crashed 14 per cent. The grey market premiums (GMPs) for the two IPOs that open this week are mixed
Deal could be valued at Rs 1,000-1,500 crore
Investors fear supply overhang; Centre has now reduced stake in firm by 25% in 3 years
Actual acquisition cost 20% below max buyback price under open market route