Financial Daily from THE HINDU group of publications
Wednesday, Sep 22, 2004
Financial Daily from THE HINDU group of publications Wednesday, Sep 22, 2004 |
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Info-Tech
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Software Markets - Foreign Institutional Investors JM Morgan Stanley top TCS IPO mobiliser Our Bureau
Mumbai , Sept. 21 JM Morgan Stanley Retail Services, which procured Rs 13,158 crore of Tata Consultancy Services IPO, or 33.4 per cent of the total demand, is the top procurer among brokers in the offering, said a news release from J M Morgan Stanley. The release quoted figures compiled by primary market monitor Prime Database. In the institutional investor category, JM Morgan Stanley Group emerged as the top mobiliser with a demand of Rs 9,170 crore. It was also the top mobiliser in the non-institutional investor category (of high networth individuals and corporates), having collected Rs 3,428 crore. The Group has 11 offices in eight cities across the country, with a network of over 6,000 sub-brokers servicing retail clients across the country.
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