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The anchor investor bidding will open on November 10, while the issue will close on November 15. The net proceeds of the fresh issue are proposed to be utilised for repayment of certain borrowings availed by the company, including redemption of secured NCDs in full.

Having pulled out Rs 1,673 crore from financials in September, FIIs were net sellers to the tune of Rs 4,686 crore last month in the sector. Often considered as a proxy to the India growth story, banks are the largest bet of FIIs on Dalal Street, followed by IT.

"We anticipate that small and mid-cap performance will drive the Indian equity market. We have observed a continuous increase in the number of retail investors over the years, and retail investors often park their cash in mid and small-cap stocks. As a result, we expect mid- and small-cap stocks to do better in the new Samvat year. We also predict that FIIs will resume their robust return."

“Public sector banks are trading cheap and traditionally they have traded cheaper than the private sector banks and with good historical reasons. While we do own a couple of larger PSU banks, it does not change the overall long term thesis that the private sector is likely to do better.”

The Microfinance Institutions Network (MFIN) is in talks with Sidbi to revamp the fund, MFIN chief executive Alok Misra said.Misra said that the condition of the smaller MFIs has not improved significantly, but is now better placed than their situation one year after the pandemic when they faced severe liquidity crunch.

CLSA raised the target price to ₹185 (earlier ₹155) while Morgan Stanley, Citi, and Macquarie set new price targets after making upward revisions in their current year and next year earnings estimates. Investec and JP Morgan also raised the target price to ₹200.

Digital World Acquisition Corp surged 66% after former U.S. President Donald Trump hinted at another White House bid. The blank-check firm has agreed to take social-media startup Trump Media & Technology Group Corp public.

Demand for loans remained strong in the quarter with disbursements growing more than two times the previous year at ₹12,488 crore. About 70% of the total went to retail, SME and HNI segments.

They included Capital Research, Fidelity Investments, ADIA, Norges Bank, Carmignac Gestion, White Oak, Malabar Investments, Bay Capital and Segantii, Enam, SBI Life, HDFC MF, Baroda BNP, Edelweiss MF, Mirae, and Gee Cee Ventures among others.

Total revenue for PB Fintech grew to Rs 633.8 crore in the period, from Rs 552.6 crore in the quarter ended June 30. Operating revenue grew to Rs 573 crore.