The IPO will be entirely an offer for sale, with UK-based Prudential Corporation Holdings Ltd (PCHL) planning to divest a 10 per cent stake
The northward move in Belrise Industries shares came after foreign brokerage Jefferies initiated coverage with a 'Buy' rating, and set a target price of ₹135, implying a potential upside of 31per cent
ECM activity has rebounded sharply over the last couple of months, with significant pickup in IPOs and block deals, says Davda
Draft norms enable position transfer in OTC derivatives with consent and fair pricing; RBI mandates tripartite structure to ensure risk shift and regulatory adherence
Just a day after President Donald Trump escalated his trade rhetoric, investors awaited tariff announcements for a number of countries
Net equity MF inflows rose to Rs 23,587 crore in June as redemptions fell; SIPs hit record Rs 27,269 crore, pushing mutual fund industry AUM to Rs 74 trillion
Anil Agarwal-owned firm denies Viceroy Research's allegations of a Ponzi-like structure, calling them a malicious attempt to discredit the group and derail future plans
It was subscribed 1.89 times, driven by institutional bids that were 5.23 times the shares reserved for them. Meanwhile, retail bids stood at a 0.44 times as of 2:12 p.m. IST