GAIL offer priced at Rs 195
Mumbai: GAIL India Ltd's divestment offering has been priced at Rs 195 per share. The offer price, reached through the book-building process, is at a 9.2 per cent discount to the share's Friday close of Rs 214.70, but at a 5.4 per cent premium to its minimum bid price of Rs 185. The GAIL offer was oversubscribed 8 times.

Retail investors, employees and high net worth individuals would together receive 52.5 per cent of the shares on offer and institutional buyers the rest. The Centre has raised Rs 1,600 crore from offloading its 10 per cent stake in the gas firm. Offers of shares in three other state firms, Power Trading Corp of India Ltd, Petronet LNG Ltd and Oil and Natural Gas Corp Ltd, are currently under way.
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Equities: FIIs net inflows at $266.7 million
Mumbai: According to the data available with Securities and Exchange Board of India (SEBI) The net inflows from Foreign Institutional Investors (FIIs) in the Indian capital market was to the tune of Rs 1,211.9 crore ($266.7 million) in equities for the trading week ended March 5. Overseas funds however were net sellers in the debt market at Rs 47.5 crore ($10.2 million). The Mutual Funds (MFs) were net investors in equities and debt at Rs 58.92 crore and Rs 95.75 crore respectively.
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