Unified Data-Tech Solutions launched its IPO on May 22, aiming to raise Rs 144.47 crore through an offer for sale. With a price band of Rs 260-273 per share, the IPO closes on May 26 and anticipates listing on the BSE SME platform. The company, specializing in IT solutions, reported strong financials and expects a listing price around ₹331.
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.