Food and grocery delivery platform Swiggy has received approval from the market regulator for its proposed $1.25-billion public issue, investment banking sources told ET, reflecting the growing appetite for new-age investment choices in a country witnessing an unprecedented consumer boom. The Bengaluru-based company had filed draft papers for the IPO with the Securities and Exchange … Read more
Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more
The government has proposed to sell a 6.78% stake in General Insurance Corporation (Re) of India via an offer for sale (OFS) and has set the floor price for the issue at Rs 395 per share. At this floor price, the size of the OFS is estimated to be around Rs 4,701 crore. The OFS … Read more
May 26, 2024, 09:52:45 AM IST Mutual fund managers continuously add or subtract stocks from their portfolios to generate better returns. Here are the top 10 midcap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. Agencies MFs held 3 lakh shares of Patanjali Foods in April against 5 … Read more
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte slashed spending. PIF, as the Saudi fund is known, deployed $31.6 billion in 2023, according to research consultancy Global SWF. That was higher than … Read more
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte slashed spending. PIF, as the Saudi fund is known, deployed $31.6 billion in 2023, according to research consultancy Global SWF. That was higher than … Read more
