“The company believes that the buyback is not likely to cause any material impact on the profitability or earnings of the company except to the extent of reduction in the amount available for investment, which the company could have otherwise deployed towards generating investment income,” TCS said in a regulatory filing.
Is ICICI Pru AMC’s IPO a compelling bet for investors with a high-risk appetite and a long-term horizon?
ICICI Prudential AMC is set to raise ₹10,600 crore through an offer for sale. This move will reduce promoter shareholding to 90.1%. The company shows