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The institutional investor sold 17,50,000 shares of GTL at Rs 21.80 per share and 19,29,69,530 shares of GTL Infrastructure at Rs 2.40 apiece.

Top-rated firms such as Reliance Industries and non-banking finance companies including Bajaj Finance, Aditya Birla Finance and Tata Capital Financial Services raised Rs 21.97 lakh crore by selling CPs, show data from Primedatabase, an analytics firm. This is an all-time high CP sale in a calendar year.

“2022 will see big events led by the 5G spectrum auction and a likely mega initial public offer (IPO)/separate listing of Reliance Jio from RIL, following the 33 per cent pre-IPO stake sales to 13 investors including, 10 per cent to Facebook and 8 per cent to Google in 2020,” the global brokerage said in a research note.

LIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for current fiscal (April-March). So far this fiscal, Rs 9,330 crore has been mopped up through PSU disinvestment.

The Dow Jones Industrial Average rose 13.12 points, or 0.04 per cent, at the open to 36,249.59.

The regulator has also suggested that a Collective Investment Management Company or its promoters should meet certain criteria with respect to track record and net-worth

This reflects the fall in the valuation of reserves held in other global currencies. RBI does not give any reason behind the rise or fall in reserves.

High-value debt-listed entities are those entities that have listed non-convertible debt securities and an outstanding value of such securities are Rs 500 crore and above.

Sanathan Textiles plans to raise Rs 500 crore via fresh issue of equity shares and there will be an offer for sale of up to 11,400,000 equity shares by the promoters.

According to reports, the marketplace is slated to launch later this year