Thu, Feb 1, 2024 12:38 PM
Union Budget: Capital spending for FY25 raised 11 pc to Rs 11.11 lakh cr.
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The initial share sale of Unimech Aerospace and Manufacturing Ltd. has kicked off for public bidding on Monday, December 23. The company is selling its shares in the range of Rs 745-785 apiece, where investors can bid for a minimum of 19 equity shares in one lot and its multiples thereafter. The Rs 500 crore-IPO can be subscribed until Thursday, December 26.
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BSE postponed the SME IPO of Solar91 Cleantech following social media concerns about a rapid valuation increase and regulatory changes by SEBI regarding IPO proceeds usage. The offering, originally scheduled to open on Tuesday, was delayed pending further investigation into the raised queries. Last month, Sebi forced C2C Advanced Systems to defer its SME IPO.
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The Indian mutual fund industry, which has witnessed a 135 per cent surge in net inflows and nearly 39 per cent growth in net AUM (Assets under Management) over the last year, is likely to experience a multi-fold growth in the coming year, with India being a bright spot in the global economy, said ICRA Analytics’ recent report.
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