Music Broadcast debt good for investors with risk appetite
These instruments, which are listed on the BSE and NSE, could return 11.5% to investors with a lower tax outgo. Investors should buy these instruments to hold till maturity as liquidity is low.
Gujarat defines a dividend formula, state PSUs surge
“The policy is favourable for the shareholders, especially the minority ones,” said Nilesh Shah, managing director, Kotak Mahindra AMC. “It gives predictability and clarity to shareholders on how a company will distribute dividends or issue bonus shares.”
Hinduja sole bidder for Reliance Capital with ₹9,650 cr offer
Torrent Investments and Oaktree Capital didn’t submit bids, although they had indicated earlier that they would participate in the process, the people said.
Sebi’s bank guarantee ban to make life tougher for small brokers
In a circular on Tuesday, the Sebi barred stockbrokers from creating bank guarantees by pledging clients’ funds starting from May 1. Brokers must close all existing bank guarantees by September 30. The move aims to curb misuse of investors’ money.