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Japanese investors yen for Indian equities
Mumbai: Japanese investors have again entered the Indian equity market with huge purchases during last week and this week. Market sources say that most of the FII purchases seen during the period are from investors based in Japan.

The infusion of Japanese funds follows the launching of India-dedicated funds in Japan by several international fund houses.

In the last five trading sessions, net purchases by FIIs in equities stood at Rs1,800 crore.

In March this year, Fidelity Investment's `Fidelity Global Selection - India Advantage Fund' corpus crossed $1 billion, which was subscribed to by Japanese investors.
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YES Bank prices IPO at Rs.45
Mumbai: The Yes Bank IPO has been priced at Rs45 per share as it received the maximum number of bids at this price.

The IPO, made through the book-building route, had a price band of Rs38-45 per share.

The IPO received 2,57,000 bids, resulting in a subscription of over 30 times.
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Nectar Lifesciences IPO subscribed over six times
New Delhi: The initial public offering of Rs.90 crore by the Chandigarh-based pharma company Nectar Lifesciences Ltd was subscribed 6.04 times on the opening day.

According to information available, foreign institutional investors subscribed to a total of 1.80 crore shares comprising 77.23 per cent of the total subscription, while mutual funds bid for 53.21 lakh shares (constituting 22.76 per cent of the total subscription).

The company is issuing 38.7 lakh equity shares of Rs10 each at a price band of Rs220-240.

The issue will close on June 28.
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BSE and Narsee Monjee Inst. offer course in capital markets
Mumbai: The Narsee Monjee Institute of Management Studies (NMIMS), in association with the BSE, has launched a new management programme in the capital markets.

The full time programme is of two years duration and covers over 30 papers in the areas of management, capital market concepts, operational aspects and practical training. Mock trading sessions and live data will be an important feature of the programme.

Successful candidates will be awarded MBA (Capital Markets), a release from NMIMS said.

The last date for receipt of applications is July 12. The written test will be conducted on July 16 followed by a group discussion and personal interview on July 17.

NMIMS is a deemed university and is engaged in management education, training, consultancy and research.
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