ICICI Prudential AMC’s Rs 10,602 crore IPO opens for subscription on December 12. This is a pure offer for sale by its UK partner. The offer closes on December 16. The company manages significant assets and shows strong profitability. Brokerages recommend subscribing for long-term investment. Valuations are considered fair, with modest listing expectations.
Waaree Energies shares crash 5%. Can this US ruling dent solar panel maker’s image for long?
Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’