DAM Capital Advisors’ Rs 840 crore IPO opens today. The offer closes December 23. The price band is Rs 269-283 per share. Analysts recommend subscribing for the long term. The company plans to expand its fee-based businesses and global presence. Listing is expected on December 27.
IRDAI clears investments in private companies, eases infrastructure funding norms
IRDAI has expanded insurers’ investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, reverse repo and government securities lending transactions.