New Delhi: Foreign investors sell shares worth Rs 7,300 crore, Foreign investors continue to withdraw their equity investments in February.
why foreign investors selling shares
After withdrawing their investments from shares worth Rs 78,027 crore in January, data shows that they have withdrawn more than Rs 7,300 crore in the first week till 7th of this month.
Market experts say that various reasons including US tax hike, appreciation of the dollar and depreciation of the Indian rupee are the reasons for foreign equity investors to withdraw their investments.
The repo rate cut announced by the Reserve Bank of India (RBI) did not have a significant impact. Moreover, investors engaged in profit-taking. Foreign financial institution investors showed interest in selling shares.
Which share is newly launched
Ajax Engineering: Headquartered in Bangalore, Karnataka, Ajax Engineering is a manufacturer and supplier of ready-mix concrete equipment.
The company plans to raise Rs 1,269 crore through the sale of 2.01 crore shares to shareholders. The share sale for this purpose begins today and ends on the 12th.
The price of one share has been fixed at Rs 599 to Rs 629. Moreover, the shares of the company are scheduled to be listed on the Bombay and National Stock Exchanges on the 17th.
Hexaware Technologies
Headquartered in Mumbai, Maharashtra, Hexaware Technologies provides AI-powered IT services to six key sectors including finance, healthcare and insurance.
The company is looking to raise Rs 8,750 crore through a public offering of 12.36 crore shares. The share sale will be held from 12 to 14 December.
The price per share has been set at Rs 674 to Rs 708. The company’s shares are scheduled to be listed on the Bombay Stock Exchange and the National Stock Exchange on 19 December.
Quality Power
Headquartered in Sangli, Maharashtra, Quality Power is a provider of high voltage equipment and power solutions.
The company is looking to raise Rs 225 crore through a fresh issue of shares. The share sale for this will begin on the 14th and end on the 18th.
The share price for this has not been announced yet. The company’s shares are scheduled to be listed on the Bombay Stock Exchange and the National Stock Exchange on the 21st.
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