The move aims to encourage AMCs to collect only as much funds via NFOs as can be deployed in a reasonable time, and to discourage any mis-selling of NFOs of the mutual fund schemes. The new rule will come into effect from April 1.
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000
The Indian stock markets experienced a shift, dropping from earlier gains with both Sensex and Nifty closing lower. Key decliners included Infosys, Bharti Airtel, and
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