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.
High margin requirements will discourage undue speculation in electricity futures: Sebi Chief Pandey
A high initial-margin requirement will discourage “undue speculation” in the newly-launched electricity futures segment, Sebi chief Tuhin Kanta Pandey said on Friday.