TBO Tek IPO, aiming to raise ₹1,550.81 crore, which opened for subscription on May 8 and closed on May 10, is a combination of a fresh issue of 0.43 crore shares aggregating to ₹400 crore and an offer for sale of 1.25 crore shares aggregating to ₹1,150.81 crore. The TBO IPO allotment status is set to be finalised later today.
Open FlipSilver's relative underperformance to gold in the recent rally of both the precious metals and prospects of further gains in industrial metals globally could help silver gain as much as 15-20% from current levels, helping it cross the ₹100,000 per kilogram mark over a one-year horizon, said experts.The precious metal, also a key industrial input, is currently at ₹84,984 per kg on the MCX.
Open FlipSeven out of India's top 10 wealthiest individual investors saw a decline in their wealth during the March quarter despite the Nifty gaining 3% during this period, according to data from primeinfobase.com. The Jhunjhunwala family's wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter.
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