Banks tap IPO investments, book listing gains
Banks are said to have substantially subscribed to recent issues such as Tatva Chintan Pharma, G R Infraprojects, Clean Science & Technology, Shyam Metalics, and Laxmi Organics. The qualified institutional buyers' portions in all these IPOs were subscribed between 150 times and 180 times. With a strong IPO pipeline, bank treasuries are expected to raise their stakes in equities.
NCLT admits insolvency resolution petition against Mumbai-based developer Nirmal LifestyleThe Mumbai bench of the National Company Law Tribunal (NCLT) has admitted the company under the Corporate Insolvency Resolution Process (CIRP) based on a petition filed by IDBI Trusteeship Services, on behalf of Altico Capital, after the company defaulted on its dues worth Rs 286 crore.
https://ift.tt/3lSUnoO
Post a Comment