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"This is primarily for ultra-HNIs (high net worth individuals), family offices and institutions. Our transactions underlying are three-to-four years. The average hold is three years," said Shekhar Daga, head-private capital at ICICI Prudential AMC told ET.

In the last few weeks, CFM ARC and the promoter have been outbidding each other in making unsolicited offers to the lenders for the distressed thermal power company, as reported by ET on June 22.

​However, there are many pockets in our market as well as global markets, they have become a little expensive and we are trading cautiously because of that. Hence, we have around 16% of cash in the flexicap fund.

On June 30, promoters of air-conditioning generator manufacturer TD Power Systems sold 37.7 million shares for ₹835 crore. Shares of TD Power rallied 8% in the last three months and 20% in the last one year.

Despite the funding winter in the space, startups continued to attract the largest share of private equity capital, which in absolute terms was a steep 69 per cent decline year-on-year.

BSE celebrated its 149th foundation day and launched a new logo expressing prosperity, vibrance, growth, new beginnings, trust, and responsibility. The blue color in the logo signifies knowledge, integrity, and trustworthiness, which BSE has built up over 149 years, while the flame color ranges from deep red to deep orange and transforming itself into bright yellow

Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities. It also had the second highest provision coverage ratio among SFBs in fiscal 2023. Its operations are focused in rural and semi-urban areas and as of March 2023, it had 3.59 million customers majorly located in rural and semi urban areas

The company, in consultation with the lead bankers to the issue, may consider a further issue of equity shares by a private placement or any other method up to Rs 97.33 crore. If such placement is completed, the fresh issue size will be reduced.

SBI holds 5% stake in NSDL while it intends to divest 2% in the Offer For Sale (OFS) subject to the terms of the proposed IPO, it said.

Dow falls 29.20 points; S&P 500 opens lower by 4.72 points while Nasdaq Composite drops 15.34 pointsat the opening bell