Retail investors largely ignored the government’s offer for sale in IRFC, with only a fraction of the reserved shares being bid for on the final day. Institutional investors had previously subscribed to nearly 95% of their allocated shares. Due to undersubscription, the government opted not to exercise the green-shoe option.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The