Wed, Oct 30, 2024 3:58 PM
Investors pull £300m from stocks in race to beat inheritance tax raid
A Flip by Avya Verma
The government’s offer-for-sale for more than 4.75 crore HZL shares to institutional investors got over-subscribed before the close of market hours on Wednesday with institutional buyers putting in close to Rs 3,400-crore worth bids. Institutional investors put in bids for over 6.69 crore shares, which is 1.4 times the 4.75 crore shares on offer for them.
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The International Finance Corporation (IFC) has committed $400 million to support Bajaj Finance Ltd's expansion of access to finance for electric vehicles and energy-efficient consumer goods, as well as women-owned microenterprises, as part of a $1 billion fundraising exercise. This aims to increase competitiveness in the climate finance market and promote financial inclusion.
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Dr Reddy's Labs and Mankind Pharma reported strong Q2 performance with double-digit revenue growth and improved business prospects, despite challenges in acute therapies in India. DRL crossed ₹8,000 crore in revenues, while Mankind outperformed with 3.4 times volume growth in India and 57% export growth.
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