CP sales fall to 9-year low post HDFC merger

July 26, 2023

The latest Reserve Bank data indicates that in the July 15 fortnight it fell to Rs 26,000 crore as one of the biggest issuers-HDFC is now out of the market. Fresh issues have been slowing since June this year. Interest rates ranged from 6.7 per cent to 13.1 per cent during the fortnight. Significantly fresh issues fell even as the rates have not hardened and have remained range bound around 6.7 percent since May

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Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing,

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Reliance Power board approves preferential issue worth Rs 1,525 crore

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