FPI: Exit Mode: FPI sales at record Rs 2.1 lakh crore in H1 of 2022

[ad_1] FPI The outflows for the month of June set several records amid broader macro-economic uncertainties such as a possible slowdown in the US, aggressive rate hike Central bank And a global recession. So far in 2022, sales of Rs 2.1 lakh crore have been seen the highest during the first half of any calendar year and it is also the ninth month of sales by FPIs with the second highest monthly outflow of Rs 45,000 crore. Beginning in October, there was a total outflow of Rs 2.5 lakh crore…

FPIs: Funds based in Mauritius, Luxembourg rise sharply as sell-offs to exit

[ad_1] ET Intelligence Group: If you blame tax havens for the softening of stocks, you won’t be far from the truth. Funds based in Mauritius or Luxembourg have moved out of Mumbai much faster than those in more regulated geographies such as the US, UK, Japan or Canada since October. The combined share of the Big Four regulated markets in total FPI equity under management rose to 50% in May 2022, a multi-year high. In contrast, data [ad_2] Source link

Apollo: Apollo Global revisits ARC joint venture with ICICI Bank, ‘looking for exit’

[ad_1] US-based private equity giant Apollo Global management is rethinking its asset reconstruction company (arch) after failing to start due to intense competition in the troubled debt space and seeks new avenues to invest in the space through an Alternative Investment Fund (AIF). Five people familiar with Apollo’s plans said the company has decided to invest in distressed assets through its AIF and will seek a buyer of over 90% of its stake in ARC. A person directly aware of the matter said, “Nowadays no fund needs to have an…

Yes Bank begins the process of exit from the reconstruction scheme

[ad_1] Yes Bank On Wednesday it said it had begun the process of creating a new board as it spun out of the reconstruction plan designed to protect the bank in 2020. The proposal for constitution of a new board will be placed before the shareholders of the bank on its 18th day. Annual General Meeting (AGM) on 15th July The process was initiated on the recommendation of state Bank of India ,State Bank Of India), the largest shareholder in Yes Bank. SBI has proposed that MD and CEO Prashant…