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TA Associates through its arm TA FDI Investors Ltd offloaded shares of Prudent Corporate Advisory Services on the National Stock Exchange (NSE). According to the bulk deal data available with the NSE, TA FDI Investors offloaded 33,12,534 shares, representing an 8% stake in Prudent Corporate Advisory Services.
The Indian benchmark indices closed lower, mirroring global sentiments influenced by the delay in optimism about a US rate cut. Foreign Institutional Investors (FIIs) are shedding positions as yields on US benchmark bonds rise, adding to market uncertainty.
Most sectors, including banks, infra, FMCG and pharma reeled under pressure, while automobiles and information technology inched higher. The Adani group stocks, too, were under pressure following fresh allegations of stock manipulation
If you look at quarter-on-quarter however, my main business, which is mutual fund distribution business, has been doing very well. And if you look at overall on a YOY basis, I think my asset under management, which has gone up by almost 35%. And we ended the June quarter at 63,000 crore.