Street signs: Micro-caps feel pinch of curbs, Netweb GMP above 65% & more

The grey market premium (GMP) for Netweb Technologies, India's largest manufacturer of supercomputing systems, is hovering above 65%

PSUs, served hot: Share sales curry favour with investors

In June, the central government successfully offloaded nearly Rs. 4,200 crore worth of shares in Coal India Limited (CIL) in what was this financial year’s first major disinvestment. The share sale had seen more demand than the shares on offer. It is fairly common for state-owned institutions, such as Life Insurance Corporation (LIC) of India, to place large bids during government disinvestment. However, this time, it was different. The latest shareholding pattern released by CIL shows LIC’s stake in the country’s largest miner remaining static at 11 per cent before and