Based on the findings of the Keki Mistry report, the regulator has proposed phasing out share buybacks from the open market through stock exchanges as these are prone to misuse.
The Tata Group is in final negotiations to buy a majority stake in India’s eighth-biggest mutual fund, UTI Asset Management Co (AMC), from four state-owned financial entities, according to people close to the development.
Reliance Capital’s administrator informed resolution applicants that they will need to offer at least ₹6,500 crore — pegged as the threshold bid amount — to participate in the auction for the company, said people aware of the development.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
5 Advance7 Decline
27 Advance23 Decline
38 Advance62 Decline
37 Advance13 Decline
21 Advance9 Decline
NSE
BSE
All Mutual Funds
Top Tax Saving Mutual Funds
Better Than Fixed Deposits
Low Cost High Return Funds
Best Hybrid Funds
Best Large Cap Funds
SIP’s starting Rs. 500
Top Performing Mid Caps
Promising Multi Cap Funds
Top Rated Funds
Top Performing Index Funds
Why follow tips? Choose your winners rationally in 3 simple steps!
Trending Now
Popular Categories
Hot on Web
In Case you missed it
Top Calculators
Top Searched Companies
Top Definitions
Most Searched IFSC Codes
Top Prime Articles
Top Story Listing
Top Slideshow
Top Trending Topics
Top Videos
Top Performing MF
Popular Articles
Most Searched Articles
Trending Articles
Follow us on:
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
Stories you might be interested in
source