Stay updated with breaking news from Quantum Mutual Fund. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Gold prices have moved up sharply in recent times and outperformed the Nifty 50 over a 5-year period returning 17.39% against the Nifty's return of 15.24%. However, it trailed over a 10-year period returning 9.02%, against the Nifty 50 return of 13.3%. Over the last three months, prices rose 19%, while over a year, they rose 22.8%.
India Business News: Gold prices have experienced a significant upswing in recent times, outperforming the Nifty 50 over a 5-year period with a return of 17.39% compared t
Gupta has confirmed filing the suit under Section 245 of the Companies Act, stating that more than 100 investors have already consented to take legal action to halt the delisting process. He mentioned that more investors are joining each day to support the legal battle.
A group led by a Bengaluru-based investment manager has contested ICICI Bank's bid to delist its brokerage arm, ICICI Securities. Despite shareholder support for the merger, retail investors opposed it. The proposed swap ratio and alleged irregularities have sparked objections, with Quantum Mutual Fund urging legal action to protect minority interests.
On March 28, in a board meeting, ICICI Securities had revealed that of the institutional investors 83.8 per cent voted positively, while in terms of retail investors only 32 percent of retail shareholders were in favour of the delisting.