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Artha Bharat unveils GIFT City's first physical gold investment fund
Artha Bharat Investment Managers IFSC has launched GIFT City's first physical gold fund, with the scheme tracking international spot gold prices through LBMA-standard bullion
ICICI Prudential Mutual Fund trims stake to 7.12% in Kalpataru Projects International
ICICI Prudential Mutual Fund has decreased its stake in Kalpataru Projects International Ltd below 8% through open market transactions, selling 1,498,354 shares since December 2021.
IIFL Finance plans to raise $400 million in ECBs
IIFL Finance is aiming to raise up to $400 million through external commercial borrowings, with Standard Chartered, JPMorgan, and HSBC arranging the deal. This move follows an earlier unsuccessful attempt in March, but improved investor sentiment and strong growth in its gold loan segment have bolstered the company's outlook.