Thu, Dec 26, 2024 9:14 AM
China avoids cutting rate to keep ammunition for future pressure
A Flip by Shubhangi Gupta
Unimech Aerospace and Manufacturing Ltd's IPO was oversubscribed by an impressive 174.93 times on the final day of bidding, according to data from NSE. The ₹500-crore IPO received bids for 82.28 crore shares, significantly outpacing the 47 lakh shares on offer. QIBs portion was subscribed 317.63 times, while non-institutional investors submitted bids 263.40 times more than the available shares.
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Peak XV Partners on Thursday divested 1.5% stake in fintech company One MobiKwik Systems for Rs 82 crore through an open market transaction. Peak XV Partners (formerly Sequoia India & Southeast Asia) through its arm- Peak XV Partners Investment Holdings III -- offloaded 12.01 lakh shares, or 1.55%, stake in One MobiKwik Systems through a bulk deal on the National Stock Exchange (NSE).
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Most Latin American currencies were broadly stable in holiday-thinned trade on Thursday, though Brazil's real advanced against the dollar after its central bank intervened in the forex market to support the sliding currency. Brazil's real gained 0.5% against the dollar after its central bank sold $3 billion in a spot auction, extending a series of interventions in the foreign exchange market.
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