Top executives from the State Bank of India, PC Kandpal and Rajay Kumar Sinha, are frontrunners for the post of Member Finance at the Insurance Regulatory and Development Authority of India (IRDAI). Interviews are expected to be held in the third week of the month, with the selection panel including financial services secretary Vivek Joshi and IRDAI chairman Debashish Panda.
Kalyan Jewellers India has raised Rs 351.89 crore from 15 anchor investors, including the government of Singapore, Calypso Global Investment Fund and others. The IPO committee of the company in their meeting held on Monday finalised the allocation of 40,448,275 equity shares to anchor investors for an anchor investor allocation price of Rs 87 per equity share. The government of Singapore took nearly 29 per cent of the anchor investor portion, while the Monetary Authority of Singapore took 5.11 per cent. Sundaram Mutual Fund took nearly 25 per cent through various funds. Other investors included HDFC Life Insurance (2.84 per cent), Calypso Global Investment (14.21 per cent), SegantiII India Mauritius (3.98 per cent), Kuber India Fund (3.98 per cent), Moon Capital Trading (3.98 per cent), Edelwiss Alternative (3.98 per cent), Baroda Large and Mid Cap Fund (2.84 per cent), BNP PAribas Arbitrage (2.84 per cent) and Cohesion K Best Ideas Sub Trust (1.68 per cent).