Torrent Group Emerges As Top Bidder For Reliance Capital
Ahmedabad-based Torrent Group offered Rs. 8,640 to Anil Ambani-owned Reliance Capital in an auction held on Wednesday. According to the sources, Torrent Group won the bid after beating an offer of Rs. 8,150 made by Hinduja Group, which also participated in the auction. This time Torrent offered more offers than its initial offer made last…
Aman Goyal
RBI Normalises Liquidity After The Secondary Sales Of Securities
The Reserve Bank Of India recently sold sovereign securities worth rupees 1,435 crores in the secondary market, clearing the sign of liquidity mobilisation. Indian benchmark yields hit their highest level in the past two years, due to the sale of bonds in the recent auctions. Resulting in a rise of the 10-year-old bond yield of…
John David