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FIIs abstain from debt market
Mumbai:
Mutual funds recorded net outflows of Rs 58.08 crore in
equities, but netted purchases of Rs 435.31 crore in debt
instruments for the trading week ended May 7, according
to SEBI.
Foreign
institutional investors(FIIs) netted sales of Rs 56.8
crore for equities, while abstaining from the debt market
for the trading week ended May 7.
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ICICI,
Kotak are lead managers for NTPC IPO
New Delhi: National Thermal Power Corporation (NTPC)
has said Kotak Mahindra, ICICI Securities and Enam Financials
will handle its forthcoming IPO. While Kotak and ICICI
will be the lead managers for the offering, Enam will
operate as the joint lead manager as well as book runner.
The
NTPC IPO, scheduled to hit the market in August, will
offer 5 per cent of the company's equity, with a total
face value of Rs 400 crore.
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