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Zomato loses sheen in grey market; GR Infra, Clean Science hold ground

Dealers from the unofficial market said the issue is huge and expensive, which is what is denting investor sentiment. “There are little chances that the issue will be subscribed heavily,” they said. “Investors are sure of getting allotment, considering the humongous issue size and pricey valuation,” said Dinesh Gupta, Co-founder, UnlistedZone, a dealer in unlisted shares. Thus, many value investors are expected to keep off it.” The IPO of the food-delivery giant will open for subscription on July 14, Wednesday, and close on July 16. The issue comprises a fresh issue of Rs 9,000 crore worth of shares and an offer for sale (OFS) of shares worth Rs 375 crore by its shareholder,

FPIs invest ₹8,000 cr in Indian markets in just four trading sessions

FPIs invest ₹8,000 cr in Indian markets in just four trading sessions Updated: Updated: Share Article Image for representation purpose only.   Foreign investors have infused close to ₹8,000 crore into Indian equities in the first four trading sessions of June as risk-on sentiment improved amid rapidly falling new COVID-19 cases and robust corporate earnings. The inflow comes following a net withdrawal of ₹2,954 crore in May and ₹9,659 crore in April, data with depositories showed. Going ahead, improvement in the scenario on the coronavirus front in the country and pick-up in the vaccination drive may attract higher FPIs investments, Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said.

FPIs: FPIs invest Rs 8,000 cr in Indian mkts in just four trading sessions

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