Motilal Oswal

Route Mobile IPO subscribed 5 times on Day 3 so far; issue closes today

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Route Mobile IPO subscribed 5 times on Day 3 so far; issue closes today

NEW DELHI: The Rs 600 crore IPO by Route Mobile received 5 times bids so far on Day 3 of the bidding process. As per data available with BSE and NSE, the issue received bids for 6,15,32,960 shares by 11 pm on Friday, which was 5.05 times the total issue size of 1,21,73,912 shares. The … Read more

Rupee opens 11 paise up at 74.93 against dollar

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Rupee opens 11 paise up at 74.93 against dollar

The rupee on Wednesday opened 11 paise higher at 74.93 against the US dollar following gains in the domestic equity market amid a weakening greenback overseas. Market participants are focussing on the important RBI policy statement that will be released on Thursday. There are hopes that the central bank could hold rates unchanged but commentary … Read more