According to the fund house, the model will identify stocks as momentum, value, quality, or growth based on data
The proposal followed SEBI's mandate restricting the association of registered entities in the securities market with those who are unregistered or not covered under the ambit of the market regulator
The company expects to reach the Rs 150-crore revenue mark by FY25, growing at 80-85 per cent year-on-year
FPIs on Tuesday were net buyers worth Rs 3,665 crore, while domestic institutions sold shares worth Rs 251 crore
However, the fund house has not revealed the name. The new CEO will likely take charge by April 2025, according to the company
The market regulator has proposed stringent norms for the listing of SMEs following such concerns in the segment