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Singapore-based Qapita, digital platform for equity management, has roped in an experienced investment banker, Skanda Jayaraman, to lead its marketplace for private securities.
The amount offered by majority shareholders to take their companies off bourses has been the highest in the current financial year, compared to the last 17. The value of such delisting offers in FY21, so far, stands at a record Rs 22,165.5 crore, show numbers from Prime Database. With one month still to go in the financial year, this is already the highest since records are available — since FY04. It is a whopping 4x the previous high of Rs 5,479.4 crore in FY16. During delisting, majority shareholders (promoters) buy back shares from the public to take the company off the stock market....
The volatility in the secondary market is yet to spill over to the primary market, with new listings and maiden offerings seeing strong investor appetite. Engineering firm MTAR Technologies’ IPO on Friday was subscribed over 200x, attracting bids worth around Rs 84,000 crore. Meanwhile, shares of agro chemical company Heranba Industries rose about 50 per cent on debut. Further, online travel booking firm Easy Trip Planners saw an encouraging response from institutional investors in the anchor category ahead of its listing on Monday. This comes despite the indices correcting sharply for a ...
Malaysia's Khazanah picks up ₹340 cr stake in TransUnion CIBIL from India Alt TransUnion Cibil, one of the four credit bureaus in India, recently came out with a subscription model where customers can access their credit history and report every day. Photo: iStockPremium 1 min read India Alternatives invested in the company in 2015 Share Via Read Full Story MUMBAI : Homegrown private equity firm India Alternatives on Monday said that it has sold part of its stake in TransUnion CIBIL Ltd (TUCIBIL) to Malaysian sovereign wealth fund Khazanah Nasional Berhad, for ₹340 crore, scoring a big ...