'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
The pension fund managers distribute products under the National Pension System.
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
The company was looking to raise around Rs 1,800 crore for a stake sale of 10 per cent.
Sensex rises, Nifty ends at record high; RIL shares rally.
'Indians are great savers, but they are lousy investors.'
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
With the BSE benchmark Sensex breaching the 19,000-level and still going strong, analysts believe that Indian markets have entered a bull phase and persistent FII inflows may push the index past the 20,000-mark in the coming days.
