HDFC Mutual Fund increases stake in IndusInd Bank despite stock plunging 32%

HDFC Mutual Fund increases stake in IndusInd Bank despite stock plunging 32%

HDFC Mutual Fund has increased its stake in IndusInd Bank by acquiring an additional 0.20% of the bank’s paid-up shares. This move comes during a period of significant market fluctuation for the bank, which recently faced a sharp decline in its share value after announcing discrepancies in its internal derivatives accounting. The banking stock closed … Read more

Afcons Infrastructure IPO opens for subscription. Check GMP, price band & other key details

Afcons Infrastructure IPO opens for subscription. Check GMP, price band & other key details

The initial public offer (IPO) of Afcons Infrastructure, a Shapoorji Pallonji company, opened for subscription on Friday. The issue, which closes on October 29, is a combination of a fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 4,180 crore by promoter Goswami Infratech. The company … Read more