FPIs inject Rs 12,170 crore into market following general election results

June 23, 2024 8:18 PM

FPIs inject Rs 12,170 crore into market following general election results

Foreign investors have surged back into Indian equities this month, injecting a robust Rs 12,170 crore into the market following the latest general election results. According to National Securities Depository Ltd (NSDL) data, the total debt inflows stand at ₹10,575 crore till the third week of June. The influx is primarily motivated by optimistic forecasts of ongoing policy reforms and steady economic expansion.   FPIs had been largely on the sidelines awaiting the election outcomes. They ...

Offer for sale equity in Tata Communications Ltd witnesses 1.36 times oversubscription

March 16, 2021 8:51 PM

Offer for sale equity in Tata Communications Ltd witnesses 1.36 times oversubscription

The central government initiative of the offer for sale (OFS) of equity in Tata Communications Ltd (TCL) today got warm welcome by investors as it witnessed 1.36 times oversubscription. Today, the OFC was available only for non-retail investors while the retail investors would be allowed to bid tomorrow, which is the second and last day of the sale. For the non-retail section the indicative price of the share is 1183.66 rupees while the last traded price (LTP) is 1213 rupees per share.  Accordin...