The Association of Mutual Funds in India (Amfi) reiterated its request to the government to extend the grandfathering of indexation benefits to debt MF schemes till July 2024. This comes after the government introduced the grandfathering provision for property transactions before July 23. In the Budget, the government had taken away the indexation benefits from all asset classes, applicable retrospectively.
Institutional mechanism an MF industry initiative: Amfi
FirstCry IPO receives 30% subscription on 2nd day
The initial public offering of e-commerce platform FirstCry’s parent Brainbees Solutions received 30 per cent subscription on the second day of bidding on Wednesday. The Rs 4,194 crore initial share sale got bids for 14,737,568 shares against 49,639,004 shares on offer, according to NSE data.
The initial public offering of SoftBank-backed Unicommerce eSolutions got subscribed 12.22 times on Wednesday, the second day of subscription. The IPO received bids for 172,068,750 shares against 14,084,681 shares on offer, according to NSE. The portion for retail individual investors attracted 35.54 times subscription while the quota for non-institutional investors got subscribed 19.50 times. The qualified institutional buyers received 80 per cent subscription. PTI
First Published: Aug 07 2024 | 11:44 PM IST
