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The IPO, featuring shares with a face value of Rs 10, exclusively comprises a fresh issue of equity shares, targeting proceeds of up to Rs 1,800 crore.
The deal will be carried out through a wholly-owned subsidiary called Sun Pharma (Netherlands) B.V., the company said, adding that it would "enable Sun Pharma to acquire the balance 25% stake held by the local partner."
New schemes launches, steady increase in assets and money coming into passive schemes highlights the growing attractiveness and popularity of passive investing in India.
The NFO of UTI Innovation Fund opened for public subscription on September 25, 2023, and will close on October 09, 2023. Sheetal Agarwal of IIFL caught up with the fund manager to know more about this scheme.
P&G India has committed spends of over Rs 1,800 crore to date in business solutions through vGROW
Investors with very high risk appetite and want to invest for 7 to 10 years to attain the retirement goal should invest in Bandhan Retirement Fund.
SWERL has scheduled a Rs 1,200 crore main repayment between September 2023 and March 2024.
Rupee ends at 83.19/$ against Wednesday’s close of 83.22/$
Sun Pharma, IndusInd Bank, Larsen & Toubro and UltraTech Cement were among the gainers on Sensex.
Global oil benchmark Brent crude registers a 0.99% increase, reaching USD 94.89 per barrel