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Shareholder resolutions in Nifty-50 companies where more than 20 per cent of institutional shareholders expressed their dissent by casting a negative vote decreased by 30 per cent to 44 in number (or 9.24 per cent of total) in the recently ...
Reliance: Proxy firms Institutional Shareholder Services Inc. (ISS) and Institutional Investor Advisory Services (IIAS) have recommended that shareholders vote against the induction of Anant Ambani, the youngest son of Reliance Industries Chairman Mukesh Ambani, to the company's board. ISS cited Anant's limited leadership and board experience as a concern. However, Reliance defended Anant's appointment, stating that he has relevant experience and maturity.
IPO mobilisation climbed significantly by 76% in the first half of 2023–24, excluding LIC IPO that was launched last year.Retail investors showed greater enthusiasm, with the average number of applications increasing to 10.02 lakh, according to Prime Database Group's report.
Excluding the mega LIC IPO which took place last year, IPO mobilisation increased by a huge 76 per cent from last year
Ideaforge topped the charts with a stupendous return of 93%, followed by Utkarsh Small Finance Bank at 92% and Netweb Technologies at 82%. The largest IPO in the first half was from Mankind Pharma (Rs 4,326 crore), followed by JSW Infrastructure (Rs 2,800 crore) and RR Kabel (Rs 1,964 crore)