Subramaniam plans to focus more on domestic-oriented sectors as he believes that India will be an attractive market
This morning, Moneycontrol had exclusively reported that Sundaram MF was barred from making transactions through BSE StAR MF.
S Krishna Kumar, CIO-Equity, Sundaram MF said that fund managers are moving away from high-quality high growth companies to cyclical growth companies.
The market has started to settle as they now know that demonetisation impact will be short-term, says Sunil Subramaniam, CEO of Sundaram MF. Gross Domestic Product and consumption will atke a hit in next few months.
Food inflation and commodity prices hold the key to inflation trajectory going forward, said Dwijendra Srivastava, Chief Investment Officer-Debt, Sundaram Mutual Fund.
The 15 anchor investors include Franklin Templeton MF, SBI MF, HDFC Standard Life Insurance, Birla Sun Life Trustee, ICICI Prudential MF, Sundaram MF, Tata AIA Life Insurance and Reliance Life Insurance.
"Ujjivan Financial Services which filed its draft red herring prospectus on December 31, 2015, with market regulator Sebi seeking permission for its initial public offering has completed its pre-IPO placement of approximately Rs 300 crore," the company said in a statement.
Ahead of its IPO, which opens on Monday, software provider Quick Heal Technologies has raised Rs 133.9 crore through issue of shares to 10 anchor investors, including BNP Paribas Advantage and Reliance MF.
The shares were allotted to the anchor investors at a price of Rs 850 apiece, upper end of the price band fixed for the Rs 423-crore initial public offer.
The public issue has opened for subscription today, which comprises a fresh issue aggregating up to Rs 510 crore and an offer for sale aggregating up to Rs 90 crore by Siddhartha Corporation Private Limited, a member of the promoter group.
The logistic company, on April 13, has received Rs 140.36 crore by issuing 68.5 lakh equity shares to 15 anchor investors like Franklin India Smallar Companies Fund, ICICI Prudential, Eastspring Investments India Equity Fund, DSP Blackrock Small & Midcap Fund, Birla Sun Life etc
Suresh Venkatachari of 8K Miles says total warrant size is Rs 55 crore and it will be utilized for funding Serj Solution acquisition and organic growth. The company has already started the integration of Serj Solution.
Apollo Hospitals has closed the share sale to the qualified institutional buyers, which it had recently started to raise Rs 330 crore for expansion purposes.