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The primary issuances on the exchange platform for small and medium enterprises (SMEs) are making waves with Chennai-based Basic Fly Studio mopping up all-time high investment of ₹14,169 crore against the issue size of ₹66.35 crore. Interestingly, the retail individual investors portion of ₹19.74 crore attracted an investment of ₹8,197 crore and was subscribed 415 […]

Listed real estate investment trusts (REITs) have come together to form The Indian REITs Association (IRA), which was launched on Tuesday under the guidance of the Securities and Exchange Board of India and the Ministry of Finance. Brookfield India Real Estate Trust, Embassy REIT, Mindspace Business Parks REIT, and Nexus Select Trust are the founding […]

Discount broking firm Zerodha has filed papers with the market regulator Securities and Exchange Board of India (SEBI) to launch two passive funds. This comes nearly a month after it got the nod from the market regulator to set up Zerodha Asset Management Ltd. Zerodha AMC will launch passive schemes. It has filed draft offer […]

Asian stock markets saw modest gains as investors considered positive US jobs data, which suggests the Federal Reserve may be approaching the conclusion of its tightening measures. At the opening bell, stocks in South Korea and Australia moved higher, while Japanese equities maintained slight upward momentum. On Monday, Japanese stocks initiated the trading day on […]

Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE. The move would ensure […]

The buyback of IndiaMART InterMESH (Indiamart) which opened on August 31, is open till September 6 – Wednesday. The buyback is via tender offer route, and record date is August 25 – ie investors who had the shares in their demat account by end of August 25 are eligible to participate. Promoters will also be […]

Warburg Pincus affiliate Cloverdell Investment on Friday sold a 4.2 per cent stake in IDFC First Bank. According to a bulk deal data on the BSE, Cloverdell sold about 27.87 lakh shares at an average price of ₹89. As of the June quarter, Cloverdell held about 7.12 per cent stake or 47.17 crore shares in […]

BSE, the country’s oldest stock exchange, has revised the buyback offer price to ₹1,080 a share against ₹816. The revised offer size has been fixed at ₹375 crore and the it will close on September 14. The exchange intends to buyback 34,70,370 equity shares, representing 2.56 per cent of the paid-up equity capital of the […]

Mutual funds’ investment in commercial papers (CPs) issued by non-bank financial companies (NBFCs) crossed the ₹1 lakh crore mark for the first time in July 2023, since August 2019. Fund houses had deployed ₹1.05 lakh crore in CPs of NBFCs, accounting for 5.5 per cent of their total debt investments as of the end of […]

In the dynamic world of finance and investment, the demat account stands as a crucial bridge between traditional paper-based securities and the modern digital age. A demat account, short for dematerialised account, has transformed the way investors trade, hold, and manage their securities. This piece aims to unravel the intricacies of a demat account, shedding […]