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ICICI Prudential Asset Management Company (AMC) made a strong debut at the stock market on Friday, with a premium of 20%. The share is available for trading at both benchmark indices, Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). On NSE, ICICI Prudential AMC stock was trading at 2,605.10, up 5.10 or 0.20…
Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
ICICI Prudential Asset Management Company on Monday set the price band for its much-awaited public issue, putting a valuation of about Rs 1.07 lakh crore on the fund house as it prepares to tap the capital markets later this week.The Rs 10,602-crore initial public offering will open for subscription on December 12 and close on…
India’s initial public offering (IPO) segment remains active, with roughly two dozen firms, including ICICI Prudential AMC, Meesho, and Juniper Green Energy, preparing to launch their public issues over the next two months. Collectively, these offerings could raise close to Rs 40,000 crore, according to merchant bankers.The upcoming slate also features prominent companies such as…
Gold and silver are expected to maintain strong momentum in the coming months, driven by robust central bank demand, shifts in US monetary policy, and supply constraints, according to Nilesh Shah, Managing Director of Kotak Asset Management Company (AMC).Shah highlighted that central bank purchases, both in gold and potentially silver, remain a key driver for…
