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Samie Modak is a market hawk with nearly two decades of experience. At Business Standard, he leads a team of reporters that turns 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 team of reporters that turns 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.
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
The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent
Revival in FPI flows, sharp recovery from year's lows in June helped calm investor nerves
The biggest wealth creator in absolute terms is Mukesh Ambani-led Reliance Industries, with an increase in market capitalisation of Rs 13 trillion between 2017 and 2022
The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel
Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say