According to the report, these schemes together manage assets worth $6.7 billion
Posts in category Business Standard
High on cash, MFs can support market in near-term: Goldman Sachs report (12-09-2023)
According to the report, these schemes together manage assets worth $6.7 billion
Updater Services receives Sebi’s approval to go-ahead to float IPO (12-09-2023)
Integrated facilities management company Updater Services Ltd has received capital markets regulator Sebi’s approval to raise funds through an initial public offering (IPO).
The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale (OFS) of up to 1.08 crore equity shares by a promoter and existing shareholders.
Under the OFS, Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA will be selling shares of the company.
Updater Services Ltd, which filed its draft papers in March, said that it will also consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced.
In July, the company revised its OFS size from 1.33 crore equity shares to up to 1.08 crore equity shares by its promoter and investor-selling shareholder.
Updater Services obtained its observations letter on September 4, an update with the …
Updater Services receives Sebi’s approval to go-ahead to float IPO (12-09-2023)
Integrated facilities management company Updater Services Ltd has received capital markets regulator Sebi’s approval to raise funds through an initial public offering (IPO).
The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale (OFS) of up to 1.08 crore equity shares by a promoter and existing shareholders.
Under the OFS, Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA will be selling shares of the company.
Updater Services Ltd, which filed its draft papers in March, said that it will also consider a pre-IPO placement, aggregating up to Rs 80 crore. If such a placement is completed then the size of the fresh issue is reduced.
In July, the company revised its OFS size from 1.33 crore equity shares to up to 1.08 crore equity shares by its promoter and investor-selling shareholder.
Updater Services obtained its observations letter on September 4, an update with the …
Amid ETF selling, some active fund managers bought big in Jio Financial (12-09-2023)
The report is based on MF portfolio data of only the active market-cap based schemes like largecap, smallcap and multicap
Mid, smallcap indices drop most in 9 months; Nifty50 off new high (12-09-2023)
The sharp selloff shaved off Rs 5 trillion in market value of the beyond -top 50 companies, which account for less than half of the total market capitalisation
Gold ticks down by 0.2% as US inflation data eyed for Fed rate cues (12-09-2023)
Spot gold was down 0.2% to $1,918.72 per ounce by 1016 GMT, while U.S. gold futures dipped 0.3% to $1,941.70
TCS gains 3%, hits 52-week high in range-bound market (12-09-2023)
TCS continues to witness robust demand for cloud migration, digital engineering, product innovation, and enterprise application solutions, according to analysts
Auto index tanks 3% on talks of additional 10% tax on diesel vehicles (12-09-2023)
Shares of M&M, Ashok Leyland, Cummins and Motherson Sumi declined 3 -4 per cent each in intra-day deals on Tuesday.
BSE Smallcap index slips 4%, records sharpest intra-day fall of 2023 so far (12-09-2023)
Total 22 stocks from the Smallcap index including Suzlon Energy, GMR Power, Reliance Infra, PTC Ind, Genus Power, Patel Engg and HPL Electric were locked at their respective lower circuits on the BSE.