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Poonawalla Fincorp Share Price Rise 3% with New MD & CEO Arvind Kapil (HDFC Bank)
Poonawalla Fincorp's shares rose 3% with the appointment of Arvind Kapil, a retail banking veteran, as MD & CEO, starting June 24. His extensive experience is expected to drive a transformational journey for the company, combining physical and digital capabilities. Despite a short-term growth adjustment, analysts see this as a positive step towards strengthening Poonawalla Fincorp's position in the retail lending market
ICICI Securities Delisting: Why the Surge in Mutual Fund Investments?
Mutual funds strategically invested in ICICI Securities shares at a premium in February, ahead of a crucial shareholder vote on the company's delisting from public markets. This investment raised questions, as it occurred just before the decision that could affect ICICI Securities' public listing status. The funds' decision to buy at higher prices suggests anticipation of the delisting proposal failing, potentially increasing the standalone brokerage's value. This move, involving significant investment from notable funds, reflects investor strategies and market dynamics surrounding corporate actions and shareholder rights, especially in the context of the proposed delisting and its implications for ICICI Securities and its shareholders
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