SBI Mutual Fund and Tata MF acquired a 1.12% stake in Ratnamani Metals & Tubes for Rs 262 crore through open market transactions. They purchased shares at an average price of Rs 3,335 each. Nalanda Capital offloaded its shares. Ratnamani Metals & Tubes’ stock price dipped slightly following the transaction.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India