Motilal Oswal’s MO Alts invests ₹190 crore in two deals from new real estate fund – Latest Market News Live Updates, July 18, 2024


Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

The stock market today saw some interesting developments, with Motilal Oswal’s alternate investment arm MO Alts making a significant investment of ₹190 crore in two deals from its new real estate fund. The alternative investment arm of Motilal Oswal Financial Services, Motilal Oswal Alternates, closed two transactions from its sixth real estate fund, India Realty Excellence Fund VI, with a cumulative investment of ₹190 crore.

In other news, Prizor Viztech IPO share allotment is set to be finalized today after seeing massive demand, with NII and QIB portions subscribed 280 and 94.54 times, respectively. Investors can check the allotment status through the registrar, Bigshare Services Pvt. Ltd.

Additionally, Sanstar IPO, one of India’s top manufacturers of plant-based specialty products, is set to open for subscription on Friday, July 19. The company aims to raise ₹510.15 crore through a new issuance and offer-for-sale.

The stock market also saw Nifty IT extending its rally, crossing the 40,000 level for the first time. The surge was attributed to strong financial performances and optimism regarding a Federal Reserve rate cut.

Overall, the market today showcased a mix of investment opportunities and market movements, providing investors with plenty to consider and analyze. Stay tuned for more updates on the latest market news and developments.

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