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The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors - a vast majority of them first-timers - coupled with a flood of liquidity.
The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail investors.
The three-day public issue would conclude on March 18 and the bidding for anchor investors would open on March 15.
The Modi government is targeting record capital expenditure next fiscal to pull the economy out of the trough. Additional resources required for that are to be raised through divestment and monetisation.
The FM restricted tax-free interest on retirement fund to Rs 2.5 lakh annually but gave tax exemption on Leave Travel Concession subject to incurring of specified expenditure.
Sitharaman said the government's Aatmanirbhar packages totalling Rs 27.1 lakh crore to deal with the COVID pandemic, accelerated the pace of structural reforms.
The companies are expecting to benefit from an equity market, which is flush with liquidity and has seen a sharp increase in new retail investors.
Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis.
Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.