Abans Holdings Shares Plunge 20% On Debut

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Abans Holdings Shares Plunge 20% On Debut
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Abans Holdings Shares Plunge 20% On Debut
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The preliminary share-sale had a worth vary of Rs 256-270 a share.(Representational)

New Delhi:

Shares of Abans Holdings, the monetary providers arm of the Abans Group, made a muted market debut right this moment and later ended practically 20 per cent decrease towards 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 corporate commanded a market valuation of Rs 1,083.40 crore on the BSE.

The preliminary public supply of Abans Holdings obtained 1.10 instances subscription final week.

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

The corporate operates a diversified international monetary providers enterprise, offering Non-Banking Monetary Firm (NBFC) providers, international institutional buying and selling in equities, commodities and international change, personal consumer stockbroking, depositary providers, asset administration providers, funding advisory providers, and wealth administration providers to corporates, institutional and excessive internet price particular person purchasers.

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

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

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