India’s primary market is set for another busy week with five IPOs opening for subscription, including four mainboard issues and one SME listing. However, grey market signals suggest that investor enthusiasm remains muted, with most upcoming offerings showing little to no grey market premium (GMP) so far. The cautious sentiment comes after a weak run for recent IPO listings and broader volatility in equity markets.
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ADNIC secures India approval for GIFT City reinsurance branch
Abu Dhabi National Insurance Company (ADNIC) has obtained regulatory approval to set up a reinsurance branch in GIFT City, with...
