Foreign investors divested shares worth ₹1.02 lakh crore in September quarter, with financial services firms, particularly NBFCs, experiencing significant stake reductions by foreign fund managers. Despite the selling pressure, some companies like Sona BLW Precision Forgings, Five-Star Business Finance, and Tata Communications saw their share prices rise. This occurred as Nifty and Nifty 500 indices registered declines of 3.5% and 3.
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