A total of 17,013 shares changed hands on the counter till 10:51AM (IST)
The 30-share BSE Sensex was up 173.19 points at 59480.12
The stock quoted a 52-week high price of Rs 7462.95 and low of Rs 3405.0.
The fund has achieved the first close with investments from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund will be investing primarily in mid-to-late stage technology-enabled companies with scaleable business models and a favourable risk-return profile. The sector-agnostic fund will be investing in companies catering to latent demands with multiyear growth potential and differentiated business model.
Rakesh Jhunjhuhwala — called Big Bull for his positive outlook — has been keeping his stake in this company mostly unchanged at 1.2 per cent for many years now.
SBI Cards and Payment Services Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 99305.60 Crore) operating in Financial Services sector.
On Sunday, news wire PTI reported, citing government sources, that the company had agreed to bring down the price of ZyCov-D to ₹265 a dose following negotiations with the government but that a final deal had not yet been reached.
The total value of investments by foreign portfolio investors (FPIs) in India crossed the Rs 50-lakh-crore mark as of September this year, although their combined holding in companies listed on the NSE, at 21.5%, was at a five-quarter low at September-end.
Sources aware of the matter said the increased interest in tech IPOs and the headroom for further growth in its business as well as likely valuation after the share sale led to the founders reducing their OFS by 85-90% by value.
The non-binding offer equates to 20 paise on a rupee on total loans, including the interest component. ISMT had a term loan of Rs 3,359 crore, including interest, as of June 30, 2020, according to a disclosure made by the company to the Bombay Stock Exchange.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.