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New World Fund, Government of Singapore, ICICI Prudential Bluechip Fund, HDFC Flexi Cap Fund, SBI Automotive Opportunities Fund, SBI Magnum Global Fund, Fidelity Funds, Nippon India Growth Fund, SBI Life Insurance, HDFC Life Insurance, Government Pension Fund Global and Kotak Flexicap Fund were among the anchor investors.
Category:
News and Media
The grey market premium - the price over the IPO price in the unofficial market that investors pay for the shares before listing - for Hyundai was at 30 on Monday evening or 1.5% above the upper end of the issue price band of 1,865 to 1,960. The 27,870 crore issue opens on Tuesday and closes on Thursday. The grey market premium for Hyundai shares was at 370 on October 4.
Category:
News and Media
Noel Tatas appointment as chairman of Tata Trusts is likely to ease tensions with Shapoorji Pallonji Group. This could allow SP Group to consider partial monetisation of its 18.4% stake in Tata Sons. Improved relations may help reduce SP Group's debt through asset divestment and other financial strategies, benefiting both sides.
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News and Media
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