Reliance Jio acquires 100% stake in Reliance Infratel for about Rs 3,720 crore.

Reliance Jio’s arm, Reliance Projects and Property Management Services (RPPMSL), has completed 100 per cent stake acquisition in Reliance Infratel for about Rs 3,720 crore, Reliance Industries Limited said on December 22. The Mukesh Ambani-led telecom subsidiary had placed a bid of Rs 3,720 crore in November 2019 to acquire the tower and fibre assets…

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K-Fin Technologies IPO: Why many mutual fund houses are not in the list of anchor investors?

The anchor book allocation of K-Fin Technologies (KFINT), the registrar and transfer (R&T) agent that floated an Initial Public Offer (IPO) on December 19, shows that just eight fund houses (all serviced by KFINT) received allocation of shares. KFINT is one of the two largest R&Ts in the Rs 40-trillion Indian mutual fund (MF) industry.…

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