Bank of Baroda has incorporated a new subsidiary in the pension fund management business, according to a regulatory disclosure dated September 22. The development adds another specialised financial-services entity to the bank’s group structure.
Bank of Baroda has incorporated a new subsidiary in the pension fund management business, according to a regulatory disclosure dated September 22. The development adds another specialised financial-services entity to the bank’s group structure.
Anand Seamless Tubes has opened its SME IPO for subscription on September 22. The issue is looking to raise around Rs.25.52 crore and will remain open until September 24. The price has been fixed at Rs.72 per share.
Big alert: As per market grapevine, companies are increasingly raising equity instead of bank funding, shifting greater business risk to investors. With many SME stocks still trading at stretched valuations, avoid junk SME IPOs and check valuations and future prospects before applying.
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