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USA-RATES/Morgan Stanley expects Fed to hike rates 6 times in 2022

The average ticket size is expected to be Rs 30,000-40,000 per individual application, three people familiar with the matter told ET citing preliminary feedback from book runners and other market participants.

The eight clusters include asset reconstruction business, securities and broking business, life insurance business, non-life insurance business, real estate held by Reliance Capital, and loans in the books of the insolvent finance company. Applicants can give offers for more than one cluster or the entire company.

“Further, we would like to inform that on 18th February, 2022 the company has made the payment of said interest for the half year ended for an amount of USD 14 million on above USD Notes,” the company said in a late Friday filing to the BSE and NSE.

Indices ended this week keeping volatility levels high as the US market witnessed sell-off following the release of the FOMC meeting minutes where the Fed officials outlined plans for an interest rate hike and said that the unwinding of the bond portfolio could be aggressive.

The move comes against the backdrop of many new age companies, that do not have a track record of having an operating profit at least in the preceding three years, tapping the Initial Public Offering (IPO) route to raise funds.

The Dow Jones Industrial Average fell 1.58 points, or flat, at the open to 34,310.45.

​​ They were alleged to have traded in the scrip of the firm while in possession of unpublished price sensitive information (UPSI) pertaining to audited financial results of ZEEL for the quarter ended June 30, 2020.

The share sale through qualified institutional placement (QIP) is aimed at reducing the promoters holding to 75 per cent and raising public shareholding to a minimum 25 per cent, as stipulated by the market regulator Securities & Exchange Board of India.

Shares of Brightcom Group hit 5 per cent upper circuit on announcing record date for bonus issue of shares. The company decided to set March 16 as the record date.