Canara Bank starts process to sell non-core assets via IPOs
The public sector bank, which wants to monetise its non-core assets, held consultations with investment bankers recently to carry out the proposed stake sale, said the people aware of the developments.
Adani Group repays loans worth $2.65 billion
The prepaid loans include a margin-linked share-backed financing of $2.15 billion, which the company had paid off by March 12 before its March 31 deadline. The group had also prepaid $500 million of debt taken for the acquisition of Ambuja Cement along with $203 million interest in March.
Mid-caps that can turn out to be multi-baggers
Since many of these blue chips are well-researched and widely-owned, ET looked into Goldman’s picks in the mid-cap space that it considers will multiply in value over the next few years.
FPI purchases hit 9-month high in May
FPIs are turning back to Indian equities due to the possibility that the peak of the interest rate cycle has passed and manageable current account deficit. FPIs invested nearly Rs48,838 crore in May 2023 in Indian equities, the highest in nine months.