Domestic institutional investors’ holdings in Indian stocks reached an all-time high in the September quarter, widening the gap with overseas investors to a 25-year peak. While local funds, fueled by retail inflows, continued to invest, foreign investors sold shares amid growth and valuation concerns, preferring other markets.
Adani’s Cemindia is said to near up to $524 million share sale
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