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Devyani International snaps four-day gaining streak, Nippon MF buys partial stake

This comes after Yum Restaurant India Private Ltd divested its entire 4.4 percent stake in the KFC operator, valuing the transaction at Rs 871 crore ....

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Mutual Fund Lite regulations in final stages; SEBI may issue consultation paper soon

SEBI’s ‘MF Lite’ regulations are said to have been approved by the regulator’s Mutual Fund advisory committee. These regulations will benefit mutual fund houses that only wish to launch passive funds and therefore do not require much oversight and tighter regulation. ....

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Mutual funds offload Jio Financial shares worth Rs 2,850 crore in September

SBI MF sold shares worth Rs 1,736 crore bringing its holding to 2.92%, while UTI MF sold shares worth Rs 508 crore. Meanwhile, Nippon MF and HDFC MF sold shares worth Rs 302 crore and Rs 205 crore, respectively, reducing its holding in Jio Financial Services to 4.6% and 2.3%. ....

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