Goldman, Morgan Stanley among top investors in $1 billion Vedanta QIP

Goldman, Morgan Stanley among top investors in $1 billion Vedanta QIP

Mining conglomerate Vedanta Limited raised ₹8,500 crore (over USD 1 billion) through Qualified Institutions Placement (QIP) of 19.31 crore equity shares at an issue price of ₹440 per share, according to a stock exchange filing by the company. The issue, which closed on July 19, implied a discount of 4.61 per cent to the floor … Read more

NFO Alert: SBI Mutual Fund launches automotive opportunities fund — all you need to know

NFO Alert: SBI Mutual Fund launches automotive opportunities fund — all you need to know

SBI Mutual Fund announced the launch of SBI Automotive Opportunities Fund, an open-ended equity scheme that aims to unlock the potential of automotive and allied business activities. The new fund offer (NFO) opened for subscription on Friday, May 17, and will close on May 31.  The fund’s investment universe includes original equipment manufacturers (OEMs), auto … Read more