Is fall in equity mutual funds inflow a reason for worry, it’s time to focus on economy; read this and more on Moneycontrol Pro
Data released by the Association of Mutual Funds in India show that inflows into equity mutual funds were at their lowest levels in four months in October 2019.
Prabhat Dairy mocks investors by delisting share, AC business may get a boost; all this and more on Moneycontrol Pro
Delisting of shares of Prabhat Dairy has been announced at Rs 63.77 a share which is at a discount to Rs 79.30, the price at which the company’s shares were changing hands a day before the announcement.
Out of the 100 mn users, 70 percent are those who called the JustDial customer care number 88888 88888.
Sequoia Capital India Investment III held 4.65 percent stake, Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II held 4.25 percent stake each.
The shares were offloaded on 19 May based on the closing price of Rs 1,138.65 and the transaction is estimated to have been valued at Rs 431.49 crore.
Last year, SAIF and Sequoia Capital also part-exited Justdial
Shares of Just Dial yesterday rose 0.84 percent to settle at Rs 1,319.70 apiece on the BSE
Corporate governance norms, issued by Sebi in February this year, mandate all listed companies to have at least one woman director on board. These norms will come into force from October 1.<br />
At current market prices, a 2 to 5 percent stake in Just Dial, a search service provider, would be valued between $36.4 million and $90.9 million.<br />
According to Prime Database, as many as 11 companies had raked in Rs 6,835 crore through the initial share-sale programme in 2012 against three firms that garnered Rs 1,619 crore last year. This was the lowest-level of fund raising via IPO since 2001, when only Rs 296 crore was garnered through this route.<br /><br />
During the entire 2013, there were just three main-board IPOs -- Just Dial (Rs 919 crore), Repco Home Finance (Rs 270 crore) and V-Mart Retail (Rs 94 crore).
After surging 19.22% to Rs 631.90 in intra-day trade, the scrip finally ended at Rs 605, up 14.15% from its previous close on the NSE.
Local search engine Just Dial rose as much as 19.2 percent in its stock market debut today after the company raised about Rs 950 crore in its IPO last month in the country's biggest listing so far this year.
Citigroup and Morgan Stanley are the book-running lead managers to the issue.
Retail individual investors category received 70 percent subscription.
The Rs 950-crore IPO received bids for over 94.4 lakh shares as compared to 1.35 crore shares on offer, data available on the NSE till 1700 hrs showed.
Apart from Bachchan, early bird investors like Sequoia Capital, SAIF Partners, Tiger Global are also pruning their stake and are likely to make windfall gains.
The Mumbai-based local search firm, which is backed by Sequoia Capital and Tiger Globe, will sell 17.5 million shares priced between Rs 470 rupees and Rs 543 each, it said in a statement.