Mutual funds in India sold stakes in the country’s 3 largest private banks in April, with ICICI Securities estimating that they sold over INR 14,000 crore ($1.9bn) worth of stakes in Axis Bank, ICICI Bank and HDFC Bank, while buying mortgage lender HDFC which is set to merge with the private bank. According to reports, funds also showed interest in IT firm Infosys after foreign investors dumped stocks in the business calling the recent Q4 earnings report “shocking.” Investors are being advised to view their options with caution.
Vishal Mega Mart promoter to sell 10% stake worth Rs 5,057 crore via block deal: Report
Vishal Mega Mart’s promoter, Samayat Services LLP, plans to sell 10% equity via block deals worth ₹5,057 crore at a 12% discount. Despite this, shares
June 16, 2025