ICICI Prudential Asset Management’s pre-IPO share sale saw robust participation. Around ₹4,900 crore was raised from 26 investors including foreign institutions and family offices. An additional ₹3,021 crore came from an anchor book with 74 institutional investors. Prominent names like Lunate, Premji Invest, and the estate of Rakesh Jhunjhunwala were among the participants. Major insurers also invested.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK