Sensex Today | Share Market Live updates: Sensex, Nifty to start on muted note; Gift Nifty flat
₹922.84 crore as Indian markets rose during Wednesday's trade even against weak global cues. The DIIs invested ₹470 crore in markets on July 26.Mahindra and Mahindra (M&M) Ltd has expressed its interest in acquiring up to a 9.9% stake in RBL Bank Ltd, a private bank.
This interest comes after M&M purchased a 3.53% stake in RBL Bank a week ago. The move indicates M&M's growing involvement and investment in the banking sector as they seek to expand their stake in RBL Bank.“We may consider further investment subject to pricing, regulatory approvals, and required procedures.
However, in no circumstance will it exceed 9.9%," said the Mahindra group in a regulatory filing on Wednesday evening while commenting on the stake acquisition in RBL Bank, which has recently expressed its new strategy to shift from bulk to granular deposits model to expand the bank’s margins beyond 5%. (Read More)Today, on the 27th of July 2023, the initial public offering (IPO) date for Netweb Technologies India Limited has been fixed.
The company's equity shares shall be listed and allowed for trading on the Indian stock market exchange as part of the 'B' group of securities, based on the BSE notification.The listing ceremony will take place on both the BSE and NSE during a Special Pre-open Session (SPOS) at 10:00 AM on Thursday. Despite the book build issue being aggressively priced, the Netweb Technologies IPO received a strong response from investors, according to stock market experts.
They anticipate the public issue to debut with a premium of approximately 70% to 80%. (Read More)Wall Street stocks shrugged off the latest Federal Reserve interest rate hike on Wednesday, finishing little-changed after a choppy session.The Dow Jones Industrial
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