Fri, Feb 2, 2024 10:03 AM
KKR fully exits Indus, Canada Pension Fund still retains 0.05%
A Flip by Avya Verma
Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. Brent crude futures were down 30 cents, or 0.41 Percent , at $72.26 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36 Percent , at $68.45. For the week, Brent is set to fall about 2.2 Percent.
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Niva Bupa debuted on the stock exchanges Thursday with a 5% premium, becoming India’s first listed multinational health insurer. The company initially raised 5-6% equity in private placements, setting a valuation benchmark that strengthened its IPO appeal. Liberalisation of foreign ownership in the insurance sector — now up to 74% — enabled parent Bupa to increase its stake to a majority earlier.
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NPTC Green Energy IPO: The initial public offering (IPO) of NTPC Green Energy Limited will hit the Indian primary market on 19th November 2024, i.e. on Tuesday next week. The wholly-owned subsidiary of NTPC Limited has declared the NPTC Green Energy IPO price band to be ₹102 to ₹108 per equity share. The company aims to raise ₹10,000 crore by issuing fresh shares.
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