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The offer price for the transaction is likely to be around Rs 2,103-2,214 apiece, a discount of up to 5 percent Mankind Pharma's previous close.
The week ahead is expected to be action-packed for Dalal Street investors despite being a truncated one, as all eyes will be on the launch of the ‘T+0 settlement cycle by exchanges.
Looking at the complex situation given the high valuation, major event ahead in terms of general elections, possibility of US recession and rate cut getting delayed fund managers are likely to focus on quality aspects of the stocks.
Sebi has directed mutual funds to protect smallcap investors in a frothy market. A few AMCs have already restricted investments and imposed caps in popular smallcap schemes and many of them are seen encouraging largecap funds. There are concerns about liquidity and corporate governance in smallcaps. The total AUM of smallcaps is now near Rs 2.5 lakh crore.
BILENDI BILENDI: 2023 annual revenues: 62,7 M€, Organic growth at constant exchange rates: +4.5% in Q4, +2.7% over the full year 27-Feb-2024 / 17:41 CET/CEST Dissemination of a French...