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FTSE indices are expected to rename HDFC as HDFC Bank and maintain its current free float shares in the indexes after the merger. MSCI will continue with the half factor for the combined entity, resulting in passive trackers having to sell around $150-200 million. FTSE may also include HDFC Bank shares in its index if there is sufficient liquidity and no foreign ownership restrictions. Despite the merger being the largest in India s corporate history, the impact is expected to be minimal due to the size of the merged entity. ....
Nuvama Asset Management, part of the Nuvama Group, which invests in companies via its alternative investment arm Nuvama Private Equity, recently made two investments in homegrown companies after a hiatus .. ....
Yobee’s Tradebox will now be available to all users of Nuvama Wealthand will offer advanced features, including single-click systematic trading and real-time market data analytics ....
ICICI General Insurance has been given a target price of Rs 1200 by Nuvama. Whereas, Star Health has not been rated by the financial services company. ....