Until now, only public sector mutual funds – SBI, UTI, LIC and Union, among others — were qualified to handle surplus funds of state-owned companies. Now, at least 35 private mutual funds stand to benefit.
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore
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