Afcons Infrastructure’s IPO, a Shapoorji Pallonji company, was fully subscribed on the last day with the issue receiving bids 1.10 times the total size. The retail portion saw 52% subscription while non-institutional investors subscribed 2.42 times. The company plans to use the proceeds for construction equipment, working capital, and debt repayment.
GIFT Nifty hits record open interest of $21.56 billion; contracts touch all-time high
GIFT Nifty has hit a record open interest of $21.56 billion, reflecting rising global investor participation in India’s offshore derivatives market. The milestone, achieved on