As of Monday evening, the unofficial grey market premium (GMP) – the price over the IPO price in the unofficial market that investors pay for the shares before listing – of Hyundai bounced to ₹90, or 5% of the IPO price of ₹1,960. It had fallen to a discount of ₹30 on Friday.
Japan’s MUFG seals Rs 39,600 crore Shriram Finance Deal
Japan’s MUFG Bank will invest ₹39,620 crore for a 20% stake in Shriram Finance. This is India’s biggest foreign investment in financial services. The deal