This ratio has fallen to 18%, close to its eight-month low levels, indicating a bearish sentiment besides potentially introducing challenges for these fund managers in returning the securities borrowed for short sale in the weeks ahead, analysts noted.
India Cements’ Srinivasan, other promoters exit company board
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements (ICL), representing 32.72% of the equity share capital