FPIs registered with the Securities & Exchange Board of India (Sebi) are often arms of offshore mother institutions. In such cases, the registration is typically in the name of the sub-fund or the branch of a bank. Thus, the parent organisation of an FPI is not readily identifiable.
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad’s