Northern Arc Capital’s IPO has been subscribed 10 times by the third day, with significant interest from non-institutional and retail investors. The company has set a price band of Rs 249-263 per share and raised Rs 228 crore from anchor investors. Analysts recommend subscribing due to its strong growth potential and diversified business model.
India, Taiwan ETFs see record outflows before Asia stock rebound
US-listed ETFs tracking India and Taiwan saw record outflows in March amid currency weakness, rising yields and energy concerns. Despite this, Asian equities rebounded sharply