Page 14 - Investors

Conservative investors with long-term goals may opt for ESG funds

Their recent underperformance vis-a-vis multi- and flexi-cap funds was due to predominantly large-cap exposure

NSE crosses 9 cr unique investors mark; adds last 1 cr in 5 months

The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed 9 crore, with the latest 1 crore additions taking place in just five months. The investor base has seen more than three-fold jump in the last five years, facilitated by rapid growth in digitisation, rising investor awareness, financial inclusion, and strong market performance. "The unique registered investors on the National Stock Exchange of India crossed 9 crore on February 29, 2024," the bourse said in a statement. Besides, the total number of client codes registered with the exchange reached 16.9 crore. This includes all client registrations done till date. Notably, clients can register with more than one trading member. Unique investor registrations at NSE have seen an accelerating trend over the last few years. While the increase from 6 to 7 crore unique investors took about nine months, the next crore investors came in eight months, and the jump from 8 to 9 crore took only five ..

Sebi asks mutual fund houses to protect investors in small, midcap schemes

Capital markets regulator Sebi has asked mutual fund houses to put in place a framework to safeguard investors, who invested in smallcap and midcap schemes, amid a "froth building up" in these categories. Also, the regulator has suggested steps such as restrictions on inflows in these segments, portfolio rebalancing, and laying guidelines to safeguard investors from the first-mover advantage of redeeming investors. This came in the backdrop of strong flow in the small and midcap schemes of mutual funds over the last few quarters. In a communication to Association of Mutual Funds in India (AMFI) on Tuesday, Sebi asked the industry body to inform trustees of all the mutual fund houses to frame a policy to protect the interest of investors of smallcap and midcap schemes. "In the context of the froth building up in the small and mid-cap segments of the market and the continuing flows in the small and mid-cap schemes of mutual funds, trustees, in consultation with unitholder protection

Sebi asks MFs to shield smallcap investor interest amid spike in volatility

Fund houses asked to consider placing caps on investment, prevent first mover advantage

Reckitt's quarterly sales down after investigation into West Asia business

Some investors criticised the company's "vague" outlook for this year, as Reckitt shares slumped to their lowest point since March 2020, early in the COVID-19 pandemic

Companies line up Rs 16,620 crore corporate bonds as yields soften

Market participants expect that states' borrowing for both the current quarter and the entire financial year will be significantly lower than the calendar projections

Voda Idea likely to bring in new equity partners; board meeting on Tuesday

The company's board of directors is meeting this Tuesday to decide on the amount of the fundraise

Warren Buffett sees no chance of 'eye-popping' results with record cash

The firm's cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations

Byju's EGM: Investors vote to remove CEO Byju Raveendran from board

Company calls resolutions at EGM 'invalid'; shareholders move NCLT

Byju's shareholders to vote on resolution to ouster CEO, family on Friday

Amidst financial turbulence at Byju's, a group of key investors at the edtech have called for an extraordinary general meeting on Friday to oust its founder CEO Byju Raveendran and his family members over "mismanagement and failures" at what was once India's hottest tech startups, sources said. The shareholders, who have called the EGM, collectively hold more than 30 per cent stake in Byju's. Raveendran and family own about 26 per cent in the company. The sources in the know said the Extraordinary General Meeting (EGM) notice calls for ouster of the current board of Think & Learn, the firm that operates Byju's, composed of Raveendran, his wife and co-founder Divya Gokulnath and his brother Riju Ravindran. Detailing the reasons for seeking the ouster, the notice listed alleged financial mismanagement, erosion of value due to management's failure to enforce the company's legal rights and concealment of material information. Earlier this month, South Africa's Prosus, Peak XV Partners

Barclays focuses on Britain; cost cuts, buybacks to win over investors

The bank's first strategy update in almost a decade marks an inflection point for Venkat as he tries to improve returns after a period of management turmoil and underwhelming results

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers

Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more

Red tape culture replaced with red carpet for investors in UP: PM Modi

Prime Minister Narendra Modi on Monday said an environment of trade, development and trust has developed in Uttar Pradesh in the seven years of the "double-engine" government, and added the culture of "red tape" has been replaced with a "red carpet" for investors. In his address at a ground-breaking ceremony for projects worth more than Rs 10 lakh crore here, he said, "Seven-to-eight years ago, one could not even think that such an environment of investment and jobs would be made in UP. Crime and riots were common then and no one would have even believed if anyone said that UP would be developed." "It has been seven years since the double-engine government was formed in UP. In these years, UP has removed the red tape culture and replaced it with red carpet culture. In the last seven years, crime has reduced in UP and business culture has expanded. An environment of trade, development and trust has developed in UP in the last seven years," he said. Modi said that the BJP's ...

Startup Captain Fresh raises Rs 208 crore from investors to expand business

Captain Fresh, a fish and seafood tech startup, has raised USD 25 million (around Rs 208 crore) from investors to expand business. In a statement, the company said it has raised USD 25 million as part of a continuing larger funding round. The company had raised USD 20 million in September last year, taking the Series C round to USD 45 million. Nekkanti seafoods group and British International Investment (BII), the UK's development finance institution, participated in this extended round. "Proceeds from this fund raise are aimed at fuelling its distribution presence in the US and Europe...," it said. The company's product portfolio encompasses over 100 species of fish and seafood, sourced from over a dozen countries and catering to customers in over 30 countries. Captain Fresh has offices in India, the US, Dubai, Paris, Oslo, Amsterdam and Madrid.

Investors subscribe Entero Healthcare IPO 1.53 times on final day of offer

The initial share-sale of Entero Healthcare Solutions got subscribed 1.53 times on the final day of subscription on Tuesday. The Rs 1,600 crore-Initial Public Offering (IPO) got bids for 1,09,49,884 shares against 71,50,100 shares on offer, as per NSE data. The category for Qualified Institutional Buyers (QIBs) got subscribed 2.28 times, while the quota for Retail Individual Investors (RIIs) received 1.33 times subscription. The portion for Non Institutional Investors received 22 per cent subscription. The IPO was a combination of fresh issue of up to Rs 1,000 crore and an Offer For Sale (OFS) of up to 47,69,475 equity shares, aggregating up to Rs 600 crore at the upper end of the price band. Price range for the offer was Rs 1,195-1,258 per share. The healthcare products distributor collected Rs 716 crore from anchor investors on February 8. Proceeds from the fresh issue will be used towards payment of debt, funding working capital requirements, pursuing inorganic growth initiat

Existing investors: Rebalance US equity funds portfolio, avoid exiting mkt

New investors should look beyond one-year data; enter via SIP route with a seven-year horizon

Byju's claims 'certain investors' are conspiring against company

Byju's is facing multiple challenges, including a cash crunch, delays in financial reporting and legal disputes with lenders

Interim Budget 2024-25: A turning point for investment treaties

This judgment opened the floodgates, and various similar claims were raised against the government asserting the investor's rights under other BITs

Cash-strapped Byju's to raise $200 mn after taking 99% valuation cut

Equity rights issue likely at post-money valuation of $230-250 million

BLS E-Services collects Rs 126 crore from anchor investors ahead of IPO

BLS E-Services Ltd on Monday mobilised Rs 126 crore from anchor investors a day before its Initial Public Offering (IPO). The company has allotted 93.27 lakh equity shares to 10 funds at a price of Rs 135 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE website. Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares. The offer is entirely a fresh issue of 2.3 crore equity shares. The issue, with a price band of Rs 129-135 per share, will open for public subscription on January 30 and conclude on February 1. At the upper end of the price band, the IPO will mobilise Rs 311 crore. The company proposes to utilise net proceeds from the fresh issue to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms, among others. The money will also be used to fu