The 50-stock Nifty settled above the 19500-mark at 19525.55 points, up 100.20 points or 0.5% from the previous session. The 30-stock Sensex gained about 355 points or 0.5% to settle at 65259.45 points. While all the sectoral indices ended in the green on the BSE, those topping the list were smallcaps and indices representing PSU companies.
The fees charged by investment banks to manage initial public offerings (IPOs) have increased to an average 3.23 per cent of the issue size this calendar year, the highest since 2020.
The average fee is up 8 per cent compared to last year, when it stood at 2.99 per cent.
The investment banking fees have increased as the average IPO size has shrunk this year.
Jaspal Bindra-led Centrum Capital is weighing possible sale of its stake in its mortgage financing business, a media report said.
The Mumbai-based financial services business, which ..
Mumbai-headquartered Centrum group holds a 74% stake in Centrum Housing Finance. Private equity investor Morgan Stanley PE Asia holds around 25%, having invested ₹190 crore in the business in 2020.
Centrum Capital is reportedly considering selling its stake in Centrum Housing Finance, its mortgage financing business. Centrum holds a 74% stake, while Morgan Stanley PE Asia holds around 25%. The potential sale is driven by RBI directives following Centrum s acquisition of PMC Bank, which require Centrum to divest its majority stake in the housing finance business