Government unveils offer for sale to dilute LIC

The Centre has announced an Offer for Sale in Life Insurance Corporation of India. This issue will open for non-retail investors on Tuesday and retail investors on Wednesday. The divestment includes a base offer of 2.5% with an additional 4% greenshoe option. The floor price for the Offer for Sal

Foreign investors are reducing positions in Indian debt after a key index inclusion was delayed. Inflows into Indian debt have significantly slowed down over the past two weeks. US treasury yields have become more attractive, influencing investor decisions and market sentiment. Traders are awaiti

The Indian market began the week with strong momentum and expects continued positive sentiment. Encouraging first-quarter earnings and easing crude oil prices are supporting this upward trend. Investors will closely watch the Reserve Bank of India's monetary policy meeting for further market directi

Market participants faced confusion during the new auction system's debut. Indices and stock values diverged significantly, catching traders by surprise. The new system determines closing prices through a separate auction process. This change aims to create more robust closing prices for derivati

Sebi has exempted six Muthoot family trusts from an open offer requirement. This exemption pertains to the indirect acquisition of shares in Muthoot Microfin. The restructuring involves multiple share transfers among family trusts and spouses. Muthoot Fincorp's board approved an IPO, necessitating t