The shares of Indegene will list on the exchanges on Monday and the unlisted market trends indicate robust listing gains for allotted investors. The company’s shares are trading with a GMP of Rs 290 in the grey market, and considering the upper price band of Rs 490, the stock is expected to list with a … Read more
Billionaire Gautam Adani is courting sovereign wealth funds in a push to raise roughly $5 billion in equity across his sprawling business empire after lenders asked the group to reduce leverage, people familiar with the matter said. The network of companies owned by Asia’s richest person has reached out to top officials at firms, including … Read more
By Fiona MacDonald Kuwait Investment Authority likely broke into the world’s top three sovereign wealth funds by assets. The Future Generations Fund, managed by the authority known as KIA, has risen to a record of about $700 billion, according to a person with knowledge of the matter. Its assets were valued at around $670 billion … Read more
Income from dividend, interest and long term capital gains of sovereign wealth funds, the Abu Dhabi Investment Authority and pension funds, from investments in rental housing for lower income groups will be exempt from income tax. The Central Board of Direct Taxes added the ‘affordable rental housing complex’ to the list of infrastructure projects that … Read more