Abans Holdings Shares Plunge 20% On Debut

Abans Holdings Shares Plunge 20% On Debut

The preliminary share-sale had a worth vary of Rs 256-270 a share.(Representational)

New Delhi:

Shares of Abans Holdings, the monetary companies arm of the Abans Group, made a muted market debut immediately and later ended practically 20 per cent decrease in opposition to the difficulty worth of Rs 270.

The inventory listed at par with the difficulty worth of Rs 270 on the BSE. It lastly ended at Rs 216.05, decrease by 19.98 per cent.

On the NSE, the inventory made its market debut at Rs 273, climbing marginally by 1.11 per cent. It settled at Rs 218.40 apiece, down 19.11 per cent.

The firm commanded a market valuation of Rs 1,083.40 crore on the BSE.

The preliminary public provide of Abans Holdings acquired 1.10 occasions subscription final week.

The preliminary share-sale had a worth vary of Rs 256-270 a share.

The firm operates a diversified world monetary companies enterprise, offering Non-Banking Financial Company (NBFC) companies, world institutional buying and selling in equities, commodities and international alternate, personal shopper stockbroking, depositary companies, asset administration companies, funding advisory companies, and wealth administration companies to corporates, institutional and excessive internet price particular person shoppers.

Currently, it has lively companies within the UK, Singapore, the UAE, China, Mauritius, and India.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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