Category: News & Articles

‘Bharat 22’ ETF to raise over Rs 8,000 crore; to open on November 15

The ‘Bharat 22’ Exchange Traded Fund (ETF), comprising 22 scrips of public sector units, will hit the capital market next month to mop up over Rs 8,000 crore for the government. The new fund offer (NFO), managed by ICICI Prudential Mutual Fund, will open for anchor investors on November 14, while subscription for retail investors

Reliance Nippon IPO fully subscribed on day 1

The initial public offering (IPO) of Reliance Nippon Life Asset Management (RNAM) received bids for 19.88 crore shares, against total issue size of 4.28 crore shares on the first day of the bidding today, 25 October 2017, data on the National Stock Exchange of India (NSE) website showed as at 17:00 IST. The issue was

NIA’s Rs10,000 crore IPO to hit market in first week of November

Mumbai: New India Assurance (NIA), the largest general insurance company in the country, is set to hit the capital markets with around Rs10,000 crore initial public offering (IPO) in the first week of November. The offer comes soon after the Rs11,370 crore IPO of General Insurance Corp. of India Ltd (GIC Re), which will be