Apart from HDFC Bank, no other Indian firm has raised capital via these routes since 2017
"We expect a lot to go in the right direction for India. These include bad loans declining, consumption recovering, and investments rising"
Bankers see excess demand in Rs 6,000-cr anchor book
Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward
Issuance of partly paid shares, however, will queer the pitch for arbitrage traders
The move will help increase the investment legroom in the merged entity, which could lead to higher passive flows from global index trackers, said analysts
4% spread on offer; analysts bullish on long-term prospect of merged entity
Market players said the selling could be because of fears around further sell-downs by existing investors
HCL Technologies, Dr Reddy's Lab and Tech Mahindra were among the top-sells in December
The net folio addition also declined 19 per cent, compared with the previous year, reveals data from the Association of Mutual Funds in India
Will be first to issue partly-paid up shares
Shares of NMDC (formerly National Mineral Development Corporation) rallied over 4 per cent on Friday, even as the stock got removed from the Nifty CPSE index
Interestingly, returns have been negative in July only once in nine years