”These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Amendment) Rules, 2022,” said a gazette notification issued recently. The notification has inserted a paragraph in the existing policy, allowing up to 20 per cent FDI in LIC through the automatic route. Since the foreign inflows’ ceiling for public sector banks is 20 per […]
Why AGS Transact Tech dropped 68% in unlisted market
Aggressive investors who want to defeat the crowd in the hot market for the initial public offering (IPO) who often achieve shares in unlisted markets, also called the gray market. Sometimes, such bets make investors get hurt. AGS Transact Technology Stock fell by almost 68 percent on the market that was not registered from its […]
CMS Info Systems IPO trades at low grey market premium, gets tepid response from investors
The CMS Info System failed to get impressive gray market premiums and public problems to see lukewarm response from investors. It was the 65th and final initial public offering (IPO) from 2021. The problem was closed by subscribing 1.95 times over December 21-23. All kinds of investors participated in the list but the request was […]