News for Tata Mutual Fund (TVF2DZ.BO)

Fund houses are coming out with trendy new thematic funds, but they’re vaguely defined, overlap with large-cap holdings, and don’t always deliver on returns

Reserve Bank of India’s (RBI) monetary policy committee (MPC) started cutting benchmark interest rate in February this year. In the two successive policy meets, the banking regulator further cut the repo rate by 75 basis points, thus bringing the total interest rate lower by 100 basis points

Following NIIs, retail investors showed strong interest, bidding for 44.27 Lakh shares against 51.73 Lakh shares reserved for them

Smartworks IPO: Master Capital Services, Geojit and Anand Rathi recommended subscribing to the issue for long-term.

The IPO of managed workspace provider Smartworks got off to a slow start, with the issue subscribed 17% till 12…

Smartworks Coworking Spaces Ltd. raised Rs 174 crore from anchor investors on Wednesday ahead of its initial public offering. The company allotted 42.7 lakh shares at Rs 407 apiece to 13 anchor investors. Domestic entities mopped up the biggest stake of the anchor allocation, with Tata, Axis, Aditya Birla, and Baroda BNP Paribas mopping up a nearly 48% cumulative portion. Tata Mutual Fund - Tata Small Cap Fund, Axis New Opportunities AIF - Series II, highest allocation of 11.89%.

Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO).

Valuations at current levels have historically corresponded single-digit returns.

PB Fintech co-founders divest 1% stake for ₹920 crore, attracting investments from mutual funds, insurance companies, and foreign investors.

The shares were lapped up by Axis Mutual Fund, Citigroup Global Markets, HDFC and Ask Absolute Return Fund, Tata Mutual Fund, among others

Marquee foreign institutions like Morgan Stanley and Citigroup were among the buyers of Delhivery Ltd. shares on Thursday after a prominent public shareholder reduced its stake.

India Business News: Delhivery witnessed significant investor activity as global and Indian entities, including Morgan Stanley and HDFC Mutual Fund, acquired a 1.6% stake

PB Fintech's co-founders, Yashish Dahiya and Alok Bansal, sold a little over 1% stake in the company for ₹920 crore through open market transactions. Dahiya and Bansal offloaded 50.50 lakh shares, reducing their holdings. The shares were acquired by domestic mutual funds, insurance companies, and foreign investors, including Tata Mutual Fund and Goldman Sachs.

Policybazaar parent PB Fintech Ltd. witnessed institutional interest on Thursday as prominent names mopped up shares sold by two co-founders. Yashish Dahiya, chairperson and group chief executive officer, sold 0.74% equity for Rs 619 crore, as per NSE data. The shares were offloaded via block deals at Rs 1,821.5 apiece, higher than the base price of Rs 1,800 per share.

Ellenbarrie Industrial Gases IPO closes today, offering a mix of fresh issue and offer for sale, targeting institutional and retail investors.

Ellenbarrie Industrial Gases IPO, priced at Rs 380-400, closes Thursday with a mix of fresh issue and offer for sale.

Ellenbarrie Industrial Gases IPO opens at Rs 380-400, offering fresh issue and sale of equity shares, closing June 26.

Fintech major PhonePe has offloaded a 5% stake in geotech major MapMyIndia via an open market transaction for INR 486.03 Cr.

Tata Mutual Fund: The approval marks a significant step in expanding Tata Asset Management's offshore product suite and facilitating global and outbound investment opportunities, in line with its ambition to evolve into a global asset management brand.