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Gautam Adani s net worth plunges by Rs 55,000 crore within 24 hours: Here s what happened

Gautam Adani s net worth plunges by Rs 55,000 crore within 24 hours: Here s what happened
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IIFL Securities, Axis Securities win bids to acquire Karvy accounts

Explore Now MUMBAI: IIFL Securities has won the bid to acquire nearly 11 lakh demat accounts held by Karvy Stock Broking with assets under management of Rs 3.01 lakh crore in a formal bidding process organised by stock exchanges and depositories. Axis Securities has won the bid to acquire more than 11 lakh trading accounts held by Karvy Stock Broking, according to sources. Shares of IIFL Securities rallied more than 15% to Rs 53.95 on Wednesday after the news of acquisition. After the acquisition of Karvy accounts, IIFL Securities the combined accounts will become 13.83 lakhs, the 3rd largest broker India after Zerodha, Upstox. IIFL Securities is likely to pay close to Rs 140 crores for the acquisition, as per sources.

Non-Convertible Debentures: Entry Routes For Foreign Investors - Corporate/Commercial Law

Non-convertible Debentures: Entry Routes for Foreign Investors A. Introduction 1 public issues of non-convertible debentures ( NCDs) and over 1,600 2 private placements of corporate bonds in India, which is encouraging given the COVID-19 pandemic and brief loss of investor appetite in the initial phase of the pandemic.  An increasing number of M&A transactions also now involve NCDs as a form of consideration/funding.  As such, the rising popularity of NCDs as a preferred mode of structured debt in India is not surprising given the potential return they could provide in times where market conditions have been uncertain.  NCDs are essentially debt instruments with a specified

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