Average monthly SIP inflows in FY18 so far has been Rs 4636 crore, up 27 percent over the monthly average of Rs 3626 crore last year, according to data collated by the Association of Mutual Funds.
The discounted price was fixed after factoring in 5 per cent discount to the cut off price of Rs 168, discovered through the Offer For Sale of equity shares of NTPC carried out by the government on August 29-30.
Singapore-based Sistema Asia Fund, along with current investors Bertelsmann India Investment, Mayfield India, Saama Capital, India Quotient and Darrin Capital Management, participated in this round of fund raising, Lendingkart said in a statement.
The board of the company today approved a proposal to raise the fund in one or more tranches and would seek shareholders' approval through an AGM, Orient Cement said in a regulatory filing.
Trading in gold ETF segment has been tepid during the last four financial years. It has witnessed outflows of Rs 775 crore in 2016-17, Rs 903 crore in 2015-16, Rs 1,475 crore 2014-15 and Rs 2,293 crore in 2013-14.
In three separate circulars, the exchange said it would conduct the mock trading sessions in equity, currency derivative, and equity derivative segment.
In a regulatory filing, Justdial said its Board of Directors "considered and approved the proposal to buyback of the company's fully paid-up equity shares" from its shareholders from the open market.
Last month, ZEEL had announced it will acquire balance 49 per cent equity stake in India Webportal Pvt Ltd for USD 30.7 million (Rs 197.47 crore) to consolidate its digital business.
In a paper sent to clients in June, MSCI said its proposal aimed "to address the growing concern pertaining to listings of only non-voting shares," and invited feedback.
These indices are - Nifty Alpha Low-Volatility 30; Nifty Quality Low-Volatility 30; Nifty Alpha Quality Low-Volatility 30 and Nifty Alpha Quality Value Low-Volatility 30.
In fact because of the cash in the books, its stock is cheap at the current market price. To put it in perspective, after adjusting the current market capitalization against an estimated FY19 cash in the books of Rs 3000 crore it is trading at forward P/E ratio of 2.4 times its FY19 earnings, which is considered reasonable for a business with high return ratios, a negligible promoter and business risk.
Over the past few years, it has expanded its reach (particularly in international markets) and added huge manufacturing capacity with focus on high-value products and branding. These past efforts are now expected to yield results.
"Increased FDI inflows in the country are largely attributed to intense and bold policy reforms the government undertook to bring pragmatism in the FDI regime. The country has now become the topmost attractive destination for foreign investment," the commerce and industry ministry said in a statement.
The IPO will open on May 17 and close on May 19 and has a price band of Rs 98-100 per unit.
Avendus Absolute Return Fund, the first Equity Long/ Short alternate investment fund managed by a team led by Andrew Holland and Vaibhav Sanghavi, achieved the target by raising funds from HNIs, multi-family offices and corporate treasuries, the company said in a statement.
Deal data seems to suggest that Porinju Veliyath of Equity Intelligence has recently cornered close to 100,000 shares of Shalimar Paints at Rs 197.84 a share.
Share buyback typically improves earnings per share and is a mechanism to return surplus cash to shareholders besides supporting share price during periods of sluggish market condition.
Consultancy EY said the cost of equity has remained constant even as interest rates declined over a period of time.
Any fiscal stimulus on the backdrop of low employment may be inflationary. That is to say that expectation of higher real rates may soon fizzle out. However, we may end up having a scenario of higher nominal rates accompanied with runaway inflation; the price of gold may rise well in that environment.
In an interview to CNBC-TV18’s Udayan Mukherjee, Rana Gupta, MD -Indian Equities at Manulife, shared his reading and outlook on Indian economy and equity markets.
Ajay Tyagi, chairman of the Securities and Exchanges Board of India, today met with the officials of national exchanges, depositaries and Clearing Corporation for the first time since taking over office.
Realty player Puravankara today said it has reduced its debt by Rs 450 crore bringing down the net debt-equity ratio to 0.74 from 0.94 as on December 31 2016.
GIC is investing USD 123.9 million and the ADIA subsidiary the remaining USD 31.1 million, a company release said here.
Today, India’s global position is very similar to that mid-cap company which is trading at rich valuations however undergoing some structural changes having potential to change its very orbit.