ICICI Prudential Asset Management’s pre-IPO share sale saw robust participation. Around ₹4,900 crore was raised from 26 investors including foreign institutions and family offices. An additional ₹3,021 crore came from an anchor book with 74 institutional investors. Prominent names like Lunate, Premji Invest, and the estate of Rakesh Jhunjhunwala were among the participants. Major insurers also invested.
AI stocks: Midterm elections could threaten AI trade as data center backlash grows
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays