Thursday, July 10, 2025

Creating liberating content

Omar Marques | Lightrocket | Getty Images Microsoft‘s Outlook email

MUMBAI: Clean Fanatics, a premium marketplace specialising in high-quality home

Related News

Omar Marques | Lightrocket | Getty Images Microsoft‘s Outlook email service malfunctioned for several hours Wednesday and Thursday, prompting some people to post on social media about the inability to

RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

MUMBAI: Clean Fanatics, a premium marketplace specialising in high-quality home services has raised $2 million in a seed round led by Inflection Point Ventures. The round also saw participation from

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1752162411.1968723b Source link

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

Trending News

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old US cereal company WK Kellogg in a deal valued at approximately $3.1 billion. The Ferrero Group

Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their

ICICI Prudential Mutual Fund plans Rs 10k crore IPO, Prudential to sell 10%

Word Count: 656 | Estimated Reading Time: 4 minutes


ICICI Prudential Mutual Fund plans Rs 10k crore IPO, Prudential to sell 10%

MUMBAI: Another large-size IPO is being planned in the current year. Prudential Corp of UK, the joint venture partner of ICICI Bank in ICICI Prudential Asset Management, is selling 10% stake in the company through an initial public offering that could be worth around Rs 10,000 crore. On Tuesday, the AMC had filed the papers with Sebi, ICICI Bank, the majority owner in the fund house, said on Wednesday.The current year has already seen two IPOs worth more than Rs 5,000 crore: HDB Financial Services, an arm of HDFC bank that last month concluded its 12,500-crore offering. And in Feb, Hexaware Tech had raised nearly Rs 8,760 crore.ICICI Prudential AMC is the manager of ICICI Prudential Mutual Fund (I-Pru MF) that currently manages nearly Rs 9.5 lakh crore worth of investors’ assets (average assets under management for April-June quarter, according AMFI data). ICICI Bank holds the majority 51% in the fund house while the balance 49% is with the UK-based financial major.The Indian banking major on Wednesday said it would maintain its 51% stake in the fund house. ICICI Bank has entered into an agreement with Prudential Corp to purchase up to 2% stake in I-Pru MF before the company goes public through the IPO, the bank informed the exchanges. Currently, three other Indian fund houses are listed. HDFC MF that had AAUM of Rs 8.3 lakh crore during the previous quarter; Nippon India MF (Rs 6.1 lakh crore) and UTI MF (Rs 3.6 lakh crore). HDFC MF has a market value of almost Rs 1.1 lakh crore, Nippon India nearly Rs 50,900 crore and UTI MF Rs 17,185 crore, data from BSE showed.Canara Robeco MF that had an AAUM worth about Rs 1.1 lakh crore last quarter, has filed to go public through an IPO. Promoters of several other fund houses have also expressed their intentions to go public, but have not filed IPO papers with markets regulator Sebi yet.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account