Market Bizzz

An interesting trend that was observed in the IPOs that came this year is that the fresh issue as a percentage of total issue size is at 48% which is highest in the last 8 years, according to Edelweiss Mutual Fund.

The multi-commodity exchange will also be closed for the first half, but will remain open for the evening session from 5:00 pm. Trade settlements will also be closed on Monday.

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“AIFs may appoint a custodian who is an associate of manager or sponsor of the AIF, subject to conditions similar to those prescribed under Sebi (Mutual Funds) Regulations, 1996 for permitting related party of sponsor of a mutual fund to act as its custodian, “the regulator said in a statement after the board meeting.

The regulatory framework approved by the board for SM REITs provides for the structure, migration of existing structures meeting certain specified criteria, obligations of the investment manager including net worth, experience and minimum unit holding requirement, investment conditions, minimum subscription, distribution norms and valuation of assets.

“…Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each,” Tata Motors said in a regulatory filing.

The Global X Robotics & Artificial Intelligence ETF received $35.5 million in net inflows in the week ending on Wednesday, its strongest since June earlier this year, according to Lipper data.

Following this, there would not be any equity shares pledged with lenders and all equity shares of the company held by promoters and the promoter group will be free from any encumbrances, the company said.

The present investment seeks to strengthen the financial health of Policybazaar to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.