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Prominent names like Rajiv Jain's GQG Partners, Invesco Developing Markets Fund and Stitching Depositary APG Emerging Markets Equity Pool participated in Marcotech Developers' QIP.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
On Monday, 925 stocks advanced, 3039 declined and 118 remained unchanged, with an advance decline ratio of 0.30 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
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The Supreme Court also set aside the National Consumer Disputes Redressal Commission (NCDRC) order dated November 9, 2022 and directed the developer to refund the deposited amount of Rs 2.25 crore in 12 months with simple interest thereon at 12 % per annum.