Mutual funds (MFs) are likely to surpass foreign portfolio investors (FPIs) in terms of anchor investments in initial public offerings (IPOs) for the second consecutive year.
In calendar year 2023 so far, MFs have invested Rs 5,577 crore as anchor investors, compared to the Rs 5,417 crore invested by FPIs this year.
In 2022, MFs put in Rs 9,026 crore as anchor investment, 21 per cent higher than the FPI tally of Rs 7,105 crore. This marked the first time since 2014 that MFs had outpaced FPIs in anchor investments.
Mergers and acquisitions (M&A) have made a positive comeback in the first 9 months of 2015, with 599 deals adding up to $39.5 billion. In 2007, M&A movement had topped to an untouched high of $50.2 billion, with enormous detonation acquisitions, for example, Tata Steel acquiring Anglo Dutch Corus for $12.1 billion. In 2015, the largest deal is Adani Ports acquiring Essar Ports for a $2.4-billion exchange. Others incorporate Cairn India’s dollar 2.2 billion merger with Vedanta. “The capital markets dull for a huge timeframe till a year ago, so with its starting up the craving of companies and the…
A high level panel discussed how ESG principles can be embedded in the investment and financing processes at FIBAC 2022, the flagship banking conference of Federation of Indian Chambers of Commerce and Industry and Indian Banks Association.