India’s stock benchmarks advanced, aided by gains in healthcare, information technology, metal, basic materials and utilities stocks, amid a rebound in global equities.
Air India Seeks To End $1.2 Billion U.S. Case Filed By Devas Multimedia, Citing New Owner
- Air India argues that a recent change in ownership of the carrier prevents demand over recovery of arbitration awards.
- Air India requests U.S. court to dismiss Devas’ petitions.
- Devas demands $1.2 billion from Indian government over a scrapped telecommunications deal.
Source: Air India’s filing in U.S. court
RIL Has Another 1.22 Million Shares Change Hands In A Large Trade
- Reliance Industries Ltd. has another 1.22 million shares change hands in a large trade.
- Details of buyers, sellers are not known immediately
- About 1.2 million shares of RIL changed hands in a large trade earlier in the session
Source: Bloomberg
Adani Wilmar IPO Subscription Status: Day 2 Live Updates
Bidding for shares of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, picked up pace on the second day, led by demand from retail investors.
The IPO was subscribed 57% on day one.
Subscription Details: Day 2
The IPO was subscribed 0.73 times or 73% as of 12 p.m. on Jan. 28.
- Institutional investors: 0.30 times.
- Non-institutional investors: 0.61 times.
- Retail investors: 1.30 times.
- Employees: 0.08 times.
- Shareholders: 0.15 times.
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