Societe Generale sold shares worth Rs 47 crore in SpiceJet via block deals on Wednesday. In a couple of block deals which saw both buying and selling action, the French bank and financial services company sold over 83.56 lakh shares for Rs 52.5 crore and also bought 9.4 lakh shares for Rs 5.87 crore. On … Read more
Markets regulator Sebi on Thursday tweaked the framework for valuing the investment portfolios of Alternative Investment Funds (AIFs) whereby securities — other than unlisted, non-traded, or thinly-traded securities — will now be valued in line with mutual fund rules. This came after the Securities and Exchange Board of India (Sebi) received feedback from the AIF … Read more
Goldman Sachs bought over 13 lakh shares in Arvind Fashions via block deal on Wednesday at a cost of Rs 75.35 crore. The American multinational investment bank and financial services company bought Arvind Fashion’s shares at a price of Rs 574.73 per share via Goldman Sachs Funds – Goldman Sachs India Equity Portfolio. This is … Read more
Tata Steel on Wednesday said it has acquired about 178 crore additional equity shares of T Steel Holdings Pte Ltd for USD 280 million, taking the total fund infusion into its Singapore-based arm to USD 1,337 million. “Tata Steel acquired 1,78,34,39,490 ordinary equity shares of face value USD 0.157 each aggregating to USD 280 million … Read more
Market regulator Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 11 lakh on IIFL Securities after finding the company in violation of stock brokers’ norms. Sebi conducted an inspection of IIFL Securities between August 18 and August 25, 2022 to look into various compliance requirements for the period beginning April … Read more
With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more
“While FII flows will remain volatile, we think as time progresses, we will see a strong build up for India as a single-country destination for FII flows,” says Tridib Pathak, Executive Director and Portfolio Manager at Avendus Olivo PMS. In an interview with ETMarkets, Pathak said: “We like to identify ‘change’ in business fundamentals which … Read more
For Indian companies, the bond market was the preferred route for fundraising in FY24 despite equities witnessing a record-breaking run. Fund mobilisation through privately placed corporate bonds touched a record high of Rs 9.77 lakh crore in FY24 — a 15% increase over the previous year’s record of Rs 8.52 lakh crore. Bankers said companies … Read more
FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of … Read more
Mumbai: Margin funding, where retail investors purchase stocks by paying 25% and brokers fund the rest for up to a year, hit an all-time high this week, when the broader market also climbed to a new peak. This increase in risk appetite reflects a prevailing sense of euphoria among retail investors, although market participants warn … Read more
