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Top related persons:
SEBI - 1 Deven Choksey - 1 Jayshree - 1 Varun - 1 Dhanya Ann Thoppil - 1
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MUMBAI India
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HDFC Bank - 1 HDFC - 1 State Bank of India - 1 Securities and Exchange Board of India - 1 Association of Mutual Funds - 1 KRChoksey Holdings - 1 Thomson - 1

Search resuls for: "KRChoksey Holdings"


2 mentions found


☆ Exclusive: Mutual funds may not get holdings waiver post HDFC Bank - HDFC merger - sources
  + stars: | 2023-06-14 | by ( Jayshree P Upadhyay | ) www.reuters.com   time to read: +3 min
HDFC Bank and HDFC - both heavily owned by mutual funds - are set to conclude a merger in the next few weeks to create India's second-largest financial institution by assets after the State Bank of India. At least 60 equity mutual fund schemes will see their combined exposure to HDFC Bank and HDFC overshoot the 10% cap as of Wednesday. The matter has been referred to the Association of Mutual Funds in India (AMFI), according to two mutual fund executives. "HDFC Bank and HDFC are fairly liquid stocks and have a lot of demand. Shares of HDFC Bank have risen 6.5% since April 1, 2022, but have still underperormed the broader BSE Bankex, which is up 17%.
Persons: SEBI, Deven Choksey, Jayshree, Varun, Dhanya Ann Thoppil Organizations: HDFC Bank, Reuters, HDFC, State Bank of India, Securities and Exchange Board of India, Association of Mutual Funds, KRChoksey Holdings, Thomson Locations: MUMBAI, India
☆ Indian markets may see FPI revival after worst-ever selloff in 2022- analysts
  + stars: | 2022-12-30 | by ( Bharath Rajeswaran | ) www.reuters.com   time to read: +2 min
BENGALURU, Dec 29 (Reuters) - Foreign investors' selloff in Indian equities was the biggest on record in 2022, dragging the benchmark indexes to their smallest annual gain in four years, but analysts expect purchases by cross-border investors to rebound next year. Foreign portfolio investors (FPIs) sold 1,219.08 billion rupees ($14.73 billion) worth of Indian equities in 2022, till Dec. 29, the biggest selloff in Indian shares in a year since 1993, when data became available. Reuters Graphics Reuters GraphicsThe second-worst FPI selloff was in 2008 at 529.87 billion rupees ($6.40 billion), which triggered a 51.79% fall on the Nifty 50 (.NSEI). Foreign funds purchased around 958.78 billion rupees worth of stocks in the second half of 2022, after being net sellers of shares worth 2,173.58 billion rupees in the first half. Reuters GraphicsDOMESTIC INVESTORS WEIGH INMeanwhile, domestic institutional investors net bought equities worth 2,734.60 billion rupees in 2022, their best year since data became available in 2008, according to National Stock Exchange.
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