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Overseas investors offloaded shares in the financial services and capital goods sectors worth 4,501 crore and 3,019 crore, respectively. While capital goods had seen outflows last month, financial services had received foreign inflows worth over 14,000 crore.
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While the Great Equity Run may have helped investors discover a quicker way to creating wealth than savings, the bond endures. We bring an investors perspective on what you could do ahead.
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Ather has reportedly trimmed its valuation to about $1.4 billion from a previously estimated $2 billion, reflecting continued tepid sentiment in the secondary market. The company plans to use the IPO proceeds for capital expenditure, R&D, marketing, and debt repayment. Last year, Ather raised 600 crore in a funding round led by NIIF at a valuation of $1.3 billion.
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