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Asset management firm OppenheimerFunds on Thursday sold shares of private sector lender Kotak Mahindra Bank for Rs 2,035 crore through an open market transaction.
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Knowledge Realty Trust REIT, co-sponsored by Sattva Group and Blackstone, received over 13 times subscription, making it Indias largest and most subscribed REIT IPO. Institutional and retail interest highlighted growing confidence in Indias commercial real estate sector.
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Rates are now at their lowest since March 2023 even though inflation is well above target.
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