IIFL Home Finance has bought a 5 percent "strategic stake" in RMBS Development Company Ltd for Rs 25 crore, the company said on March 28. ICICI Bank, HDFC Bank and Bajaj Finance hold a 7 percent stake each in the company. Shriram Housing Finance, Aditya Birla Housing Finance, Hero Housing Finance and Grihum Housing Finance Limited have a 5 percent stake each in RMBS.
Open FlipIt’s the talk of the stock market: What will be the sign that the five-month rally in US equities is coming to an end. But if you ask JPMorgan Chase Co.’s Dubravko Lakos-Bujas, investors may not see it coming when it hits. The Wall Street giant’s chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum.
Open FlipThe TAC Infosec IPO, which opened for subscription on Wednesday, March 27, will close on Tuesday, April 2. The price band for the issue is ₹100 to ₹106 per share, with a face value of ₹10. 1,200 equity shares make up the lot size for the IPO; investors may bid for a minimum of 1,200 equity shares. TAC Infosec IPO on Tuesday, March 26, raised ₹8.55 crore by selling 8.06 lakh equity shares.
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