Highway Infrastructure is set to list on the stock exchanges today. Its IPO saw massive oversubscription across all categories. The IPO price was Rs 70 per share. Grey market trends suggest a strong listing, potentially near Rs 94. The company operates in tollway collection, EPC projects, and real estate. IPO funds will support working capital and general corporate needs.
Sebi nod to Nuvama’s mutual fund entry, approves role as sponsor
Nuvama Wealth Management secured Sebi approval for its mutual fund business. This enables Nuvama to establish the proposed Nuvama Mutual Fund. The company can now