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India’s first InvIT makes tepid St debut

DNMUM388980 | 5/19/2017 | Author : Ateeq Shaikh | WC :268

Mumbai: India’s first Infrastructure Investment Trust (InvIT) - IRB InvIT Fund - had just an hour to cheer about on its listing day as the price tanked thereafter.
The tepid response on Thursday raised concerns over the InvITs of the other infrastructure companies that are in the pipeline.
On May 3, the final day of IPO issue, IRB InvIT Fund was subscribed 8.57 times, with retail investors looking forward to their share of the pie. However, on the listing day, the excitement disappeared though the issue was top traded on BSE on Thursday.
As per statistics, 1,68,15,000 shares were traded on BSE.
The total turnover was Rs 171.95 crore in 2,724 trades. On NSE, 7,81,05,000 units worth Rs 797.99 crore was traded.
On BSE, the In
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Asahi to invest `500 cr on plant near Mehsana
DNAHM112283 | 5/27/2017 12:00:00 AM | Author : DNA Correspondent | WC :182

Ahmedabad: Asahi India Glass on Friday announced plans to invest Rs500 crore to set up a Greenfield automotive glass plant near Mehsana. The company said in a release that the investment is being made to primarily meet the automotive glass requiremen
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ATDC to expand in Gujarat, set up regional training hub
DNAHM112284 | 5/27/2017 12:00:00 AM | Author : DNA Correspondent | WC :226

Gandhinagar: Vocational training provider for apparel sector, Apparel Training and Design Centre (ATDC) is set to expand its footprint in Gujarat by opening a new Centre and also setting up a regional training hub in the state.On Friday, AEPC v
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Housing loans up 42%
DNAHM112285 | 5/27/2017 12:00:00 AM | Author : Keyur Dhandeo | WC :393

in 16-17, reach `13.76K crAhmedabad: The amount taken as housing loan in Gujarat during the fiscal 2016-17 rose over 42 per cent in a year to Rs13,760 crore, according to a banking report. The last quarter of the fiscal also witnessed a g
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June series rollovers send a bullish signal
DNMUM389409 | 5/26/2017 12:00:00 AM | Author : Meenal Arora | WC :454

Mumbai : The markets that are breaching new highs are likely to continue their ascent, if high market-wide rollovers at the end of May series are any indication.About 76% positions were rolled over into the June series, in line with average rollov

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