Page 2 - Investor

Share of women investors in mutual funds grows to 21% in Dec 2023: Report

The share of women investors in mutual funds has increased from 15 per cent in March 2017 to nearly 21 per cent in December 2023, according the latest data of Amfi (Association of Mutual Funds). The overall asset under management in mutual funds crossed the Rs 50 lakh crore-mark in February this year as a large number of passive investors are flocking to mutual funds to save and earn more. The Amfi data showed the share of women investors in mutual funds increased from 15 per cent in March 2017 to nearly 21 per cent in December 2023. This pace of growth was more prominent in the hinterland versus the urban centres during the period. The share of women folios and assets in B-30 cities has increased from 15 per cent to 18 per cent and from 17 per cent to 28 per cent, respectively, the data showed. The report, prepared by Crisil for Amfi and released by Sebi chairperson Madhabi Puri Buch, further said that almost 50 per cent of women investors fall in the 25-44 age group as against .

Investors subscribe Gopal Snacks IPO 1.39 times on Day 2 of bidding

The initial public offer of Gopal Snacks received 1.39 times subscription on Thursday, the day two of bidding. The initial share sale received bids for 1,66,83,337 shares against 1,19,79,993 shares on offer, as per NSE data. The quota for retail individual investors (RIIs) was subscribed 2 times, while the non-institutional investors part received 1.62 times subscription and the qualified institutional buyers (QIBs) portion subscribed 9 per cent. The initial public offer (IPO) has an offer for sale of up to Rs 650 crore. The IPO is entirely an OFS of equity shares by promoters and other selling shareholders. Price Range for the offer is fixed at Rs 381-401 a share. Gopal Snacks Ltd on Tuesday said it has garnered Rs 194 crore from anchor investors. The Rajkot-based company's IPO will conclude on March 11. Founded in 1999, Gopal Snacks is a fast-moving consumer goods company in India, offering Namkeen, western snacks, and other products across India and internationally. As of Se

Investors subscribe JG Chemicals IPO 2.46 times on first day of bidding

The initial public offer of JG Chemicals got subscribed 2.46 times on the first day of subscription on Tuesday. The Rs 251.2 crore-initial share sale of the zinc oxide manufacturer received bids for 2,00,55,244 shares against 81,68,714 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 3.62 times while the quota for non institutional investors fetched 2.90 times subscription. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 165 crore and an offer for sale of up to 39 lakh equity shares. Price range for the offer is Rs 210-221 a share. JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides and Rs 35 crore will be used for funding the long-term working capital requirements of the

Trading turnover logs fresh high in February, rises 2 times in a year

Sign of strong investor confidence say experts

Karnataka HC refuses to stay Byju's EGM called by investors on February 23

Karnataka High Court on Wednesday refused to stay an emergency shareholder meeting called by select investors of Think and Learn Pvt Ltd -- the owner of BYJU'S -- to oust the company's CEO Byju Raveendran and his family from the leadership in the edtech firm. BYJU'S had approached the Karnataka High Court seeking a stay on the EGM but the court only gave an interim relief that any resolution passed at the EGM on Friday cannot be implemented before the next court hearing. "It is further submitted that the conditions for convening the Extraordinary General Meeting (EGM) are not complied and no notice is issued as contemplated under Section 100 (3) of the Companies Act 2013," the court order said. It further passed an interim order that "the decision, if any taken by the shareholders of the petitioner company in the EGM scheduled on February 23, 2024, shall not be given effect to, till the next date of hearing," the order said.

Sebi cautions investors against unregistered cos promising assured returns

Capital markets regulator Sebi on Tuesday cautioned investors against placing money with unregistered entities promising assured or exceptionally high returns on investments. While investing in the securities market, investors have been asked to conduct due diligence, verify the registration status of any entity claiming to be a Sebi-registered intermediary, and also verify enforcement action taken by the regulator against any entity. "Investors should be cautious of any entity that promises assured or exceptionally high returns. The principle of 'higher returns come with higher risks of losing your money altogether' holds true in the securities market," Sebi said in a statement. It further said that investments offering high returns usually involve high risk, including fraud risk, and there can be no guarantees of assured returns in the securities market. This cautionary statement came after the Securities and Exchange Board of India (Sebi) observed a rising trend of unscrupulous

Will hold investors' meet in Spain to make TN trn dollar economy: CM Stalin

Tamil Nadu Chief Minister M K Stalin embarked on an eight-day trip to Spain on Saturday to woo investors to the state. During the overseas visit, he would engage some of the largest industrial companies, including ROCA and Gestamp, and the investment organisation Invest in Spain, in discussions and ensure investment into Tamil Nadu, he said. "Through this trip, I hope to attract the attention of the European Union and bring a lot of investments from those countries as well," the Chief Minister told reporters at the airport here before leaving for Spain on a state visit to attract new industrial investments to Tamil Nadu. His efforts are oriented towards making the state progress to become a one trillion dollar economy by 2030. The Chief Minister would return to the city on February 7. Recalling his past foreign trips, he said the visit to the United Arab Emirates led to the government signing MoUs for investments worth Rs 6,100 crore for creating over 15,000 jobs. Similarly, Singa

Year after Hindenburg: Adani claws back narrative on biz fundamentals

It has a reputation of tearing down some of the best known corporates, and so when Hindenburg Research a year back accused the Adani Group of "brazen stock manipulation" and accounting fraud, it lead to a stock market rout that erased about USD 150 billion in market value at its lowest point. But unlike its previous targets, tycoon Gautam Adani, who was the world's second-richest man before the damning January 24, 2023 Hindenburg report, has managed to claw back the narrative on strength of his group's business fundamentals and performance as well as investors continuing to pour in money into his apples-to-airport conglomerate. The conglomerate vehemently denied all allegations as it redrew its strategy that included trimming debt through prepayments and repayments of borrowings, paring the founder's share pledge and bringing in both promoter and marquee investor equity. The strategy seems to be paying off with share prices of some of the 10 listed companies recovering all of the ..

RBI directs issuers to specify utilisation of funds raised via NCDs, CPs

For better transparency, issuers are now required to disclose long-term and unaccepted credit ratings in the offer document

BJP election victories fire up market, 'boost' investor sentiment

Results give message of political continuity and 'augur well' for macroeconomics, say analysts

Sebi notifies rules to strengthen investor grievance redressal mechanism

Capital market regulator Sebi has notified rules to strengthen investor grievance redressal mechanism wherein complaints will have to be addressed by the entities concerned within 21 days. The new rules also come against the backdrop of increasing participation of investors in the securities markets. Now, merchant bankers, debenture trustees, registrar to an issue, share transfer agent and a know your client registration agency will redress investor grievances within 21 days, according to a notification issued on Thursday. The rules will also be applicable to portfolio managers, investment advisers and research analysts. Sebi can also recognise a body corporate for handling and monitoring the grievance redressal process within the stipulated time. The new framework will be called Sebi's Facilitation of Grievance Redressal Mechanism Rules 2023. In June, the regulator's board approved a proposal to revamp Sebi Complaint Redress System (SCORES) to strengthen the process of redressal

TN plans global investors' meet in Jan; attracts Rs 2.73 trillion in 2 yrs

Over 300 MoUs translating into investments worth Rs 3 trillion were signed at the last GIM in 2019

28% GST to lead to write-off of $2.5 bn investment in e-gaming: Investors

The GST Council's decision to levy a 28 per cent tax on real money online gaming industry will lead to an impairment of USD 2.5 billion of investment made in the segment, a group of 30 Indian and foreign Investors said in a joint letter to Prime Minister Narendra Modi. In a letter dated July 21, leading Investors Including Peak XV Capital, Tiger Global, DST Global, Bennett, Coleman & Company Limited, Alpha Wave Global, Chrys Capital, Lumikai etc have sought the Prime Minister's intervention in the decision of GST Council which is expected to hit prospective investment to the tune of USD 4 billion in the next 3-4 years. "The current GST proposal will set up the most onerous tax regime for the gaming sector globally, which will lead to a potential write-off of the USD 2.5 billion capital invested in this sector," the letter said. Investors said the GST Council's decision has caused shock and dismay and will substantially and meaningfully erode investor confidence in the backing of ..

Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14

Capital markets regulator Sebi on Wednesday said it will auction 22 properties belonging to Bishal Group of companies and NVD Solar on August 14 to recover money illegally collected from investors. The properties will be auctioned at a reserve price of nearly Rs 37 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi). Of the 22 properties, 17 relate to Bishal Group of companies (Bishal Abasan India Ltd, Bishal Distillers Ld, Bishal Agri-Bio Industries Ltd, Bishal Horticulture and Animal Projects Ltd) and five pertain to NVD Solar. These properties include land parcels, flats and a residential building located in West Bengal. Inviting bids for the sale of properties in the recovery proceedings against the companies and their promoters and directors, Sebi said the auction will be conducted online on August 14 from 10:30 am to 12:30 pm. Adroit Technical Services has been appointed as the e-auction service provider. The regulator has asked

Proptech firm Reloy raises Rs 7.2 cr from investors to grow business

HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business. In a pre-series A2 funding round, Reloy (earlier known as Loyalie) said all the existing investors participated along with new investors like BlueLotus VC and Dream Green Capital. The investment will be used to fuel the company's growth and expansion plans, the company said. In February last year, the company had raised Rs 5.9 crore from investors, taking the total external funding to over Rs 13 crore. "India is now the world's most populated nation with only the 7th largest land mass. We need our builders to create the largest cities the world has ever seen. It's time we empowered good builders with our referrals," Reloy founder and CEO Akhil Saraf said. "Our solution streamlines the post-purchase journey that homeowners have with builders and rewards them with benefits across ancillary requirements of home interiors and home .

UAE emerges 4th-largest investor in India, FDI jumps over 3x in FY23

The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data. In the last fiscal, foreign direct investment (FDI) from the UAE to India jumped over three-fold to USD 3.35 billion from USD 1.03 billion in 2021-22, the data of the Department for Promotion of Industry and Internal Trade (DPIIT) showed. The UAE was the fourth largest investor in India in 2022-23 compared to the seventh in 2021-22. Singapore was the largest investor in India with USD 17.2 billion investment in FY23, followed by Mauritius (USD 6.1 billion) and the US (USD 6 billion). "The rapidly strengthening of bilateral ties and investment cooperation between India and United Arab Emirates (UAE) can be chiefly attributed to the strong bilateral relations between India and UAE, growth in investment commitments from UAE, and the policy reforms to further ease of doing ..

Markets regulator mulls prohibiting differential treatment to AIF investors

Markets regulator Sebi on Wednesday proposed that AIF (alternative investment fund) investors should not be given any differential treatment, which affects the economic rights of other investors. In addition, the regulator is looking to provide clarity on the pro-rata rights of investors in an AIF scheme. AIF is a privately pooled investment vehicle, which collects funds from investors, for investing under a defined investment policy for the benefit of its investors. In its consultation paper, Sebi suggested that no differential rights should be provided to investors of the AIF/scheme, which would affect the economic rights of other investors. However, this should not apply in case of differential rights provided on terms with respect to the hurdle rate of return, performance-linked fee/additional return and management fee. With respect to the pro-rata rights of investors, the regulator recommended that the rights of each investor should be maintained at pro-rata to their commitmen

Bourses push Sebi to allow longer F&O hours amid Gift Nifty launch

Move comes amid threat that global investors would shift trading to Gift City to avail tax benefits

NSE warns investors against individuals running 'dabba trading' activities

The National Stock Exchange (NSE) on Tuesday cautioned investors against two persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Suresh Jani and Vishnu Darak were providing dabba or illegal trading platforms with assured returns. In addition, the bourse noted that Darak was offering to handle the trading accounts of investors by asking investors to share their user ID and password. The bourse said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Also, the bourse said that a police complaint has already been filed in this regard. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person providing illegal dabba trading activity in the

NSE warns investors against entities running dabba trading activities

The National Stock Exchange (NSE) on Friday cautioned investors against four persons running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Jitu Bhai Marwadi, Sanjay Chaudhari, Sanjiv Raj, and Arav Waghmare were providing dabba or illegal trading platforms with assured returns. In addition, the bourse noted that Waghmare was offering to handle the trading accounts of investors by asking investors to share their user ID and password. The exchange said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Also, the exchange said that a police complaint has already been filed in this regard. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person ..