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Speaking to reporters on the sidelines of the Global Fintech Fest here on Wednesday, the Sebi chief likened the planned upgrade in the password systems to Y2K, when computer systems had to be updated from two-digit to four-digit years to avoid failures.
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News and Media
Canara Robeco Asset Management Company is set to raise 1,326 crore via an offer for sale, reducing its promoter stake to 75%. The equity-driven fund house, with 92% of assets in equity schemes, faces earnings sensitivity to market volatility. Despite a lower profit margin than peers, its IPO valuation is positioned for long-term, high-risk investors.
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News and Media
In Tata Capital's IPO, the qualified institutional buyers (QIBs) portion of the non-banking financial company's IPO was subscribed 3.42 times, while the non-institutional investors (NIIs) or high-net-worth individuals' portion and the retail investors' portion were subscribed 1.98 times and 1.1 times, respectively. The employee reserved portion saw a subscription of 2.92 times.
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News and Media
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