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ICICI Prudential Asset Management's pre-IPO share sale saw robust participation. Around 4,900 crore was raised from 26 investors including foreign institutions and family offices. An additional 3,021 crore came from an anchor book with 74 institutional investors. Prominent names like Lunate, Premji Invest, and the estate of Rakesh Jhunjhunwala were among the participants. Major insurers also invested.
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Just a handful of companies can make cadmium zinc telluride, a material with powerful properties.
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Indian stock markets saw a rise on Thursday, snapping a losing streak. This followed a US Federal Reserve interest rate cut. However, ongoing trade deal negotiations between the US and India are expected to influence market sentiment in the coming weeks. Analysts anticipate the Nifty to trade within a defined range. Foreign investors continue to sell shares.
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