Enforcement Directorate slaps money laundering case on Franklin MF Franklin Templeton Mutual Fund (MF), which shut its six schemes in April 2020, is facing the heat from the Enforcement Directorate (ED) and the Securities and Exchange Board of India (Sebi). According to sources, while the ED has registered a money-laundering case against the fund house and eight others, the market regulator has issued a show-cause notice and summons to the company and its key personnel who redeemed their investments days or weeks before the closure announcement. Read More
Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore. The acquisition, subject to regulatory approvals, is expected to expand APSEZ’s market share to 30 per cent across 12 locations in India. Read More
Market Ahead, March 4: Top factors that could guide markets today
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sebi: Sebi issues notices to Franklin Templeton - The Economic Times
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MTAR Tech raises $24m from 15 anchor investors ahead of Indian IPO
IPO
March 3, 2021
Hyderabad-based MTAR Technologies raised ₹179 crore from 15 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 3.11 million shares at Rs. 575 per share on 2 March, to the anchor investors.
The issue will open on Wednesday and closed on 5 March. The company plans to raise ₹597 crore via IPO. It has fixed a price band of ₹574-575 per share.
Nomura Funds Ireland, Jupiter South Asia Investment, White Oak Capital and Goldman Sachs India, four foreign investors who invested in the anchor, allotted 0.17 million shares each for approximately ₹10 crore.