Friday, October 02
Mumbai, Sebi chairman Tuhin Kanta Pandey on Friday affirmed that no obstacle will remain for the country's largest stock bourse NSE to go ahead with its initial public offer (IPO). Asked whether the much-delayed IPO will happen before Diwali, the chief of the capital markets regulator declined to share any timeline. "There is no obstacle that will remain in case of NSE IPO," he said, speaking at the FE CFO Awards here. Pandey reiterated that the Sebi is fine with the ownership of clearing corporation by the stock bourses, and added that the ownership is "not an obstacle" in the run up to the IPO. Pandey explained that every country has its own models when it comes to ownership of clearing corporations, pointing out that brokers own it in the US, while they sit as separate entities in India
One of the world’s largest asset managers Vanguard on Friday executed two large block deals in Vishal Mega Mart Limited, acquiring a total of over 5 crore shares worth Rs 655 crore. The US-based company bought shares in the Indian retailer through a couple of funds viz. Vanguard Total International Stock Index Fund and Vanguard Emerging Markets Stock Index Fund.In the former case, 2.65 crore shares were bought at a price of Rs 129.74 per share, amounting to a deal size of approximately Rs 344 crore. Simultaneously, 2.39 crore shares were purchased by the latter at the same price of Rs 129.74, translating to a transaction value of about Rs 310.8 crore.Shares of Vishal Mega Mart today ended the day at Rs 129.65, gaining by Rs 3.55 or 2.82% on the BSE.On Tuesday, Vishal Mega Mart promoter e
