Mutual funds offload Jio Financial shares worth Rs 2,850 crore in September

Mutual funds offload Jio Financial shares worth Rs 2,850 crore in September

Jio Financial Services, the company which was carved out of Reliance Industries (RIL) and listed on the exchanges on August 21, 2023, saw mutual funds sell shares worth Rs 2,850 crore in September according to estimates given by brokerage house Nuvama. A lion’s share of it was offloaded by SBI Mutual Fund (MF) followed by … Read more

Shrem Group to raise Rs 4,100 cr via InvIT, SBI loan

photo

MUMBAI: Local investors HDFC MF, LIC of India, Nippon MF, Darashaw and Trust Capital are in talks with Mumbai-based Shrem group, which is set to launch an infrastructure (InvIT) of Rs 600 crore via an initial public offer, two people with knowledge of the matter told ET. The company will also raise about Rs 3,500 … Read more