Will the FPO fund infusion solve Vodafone Idea’s problems?
Will a capital infusion of Rs 45,000 crore be enough for Vodafone Idea? Will the capital investment plan help in the turnaround of the company? Should existing and new investors invest in FPO? Watch this video to know-
BSE on June 7 crossed the milestone of 7 crore registered users based on Unique Client Code (UCC). The exchange said that journey from 6 crore to 7 crore users took just 139 day, as compared to 241, 652 and 939 days needed for the previous milestones of 6 crore, 5 crore and 4 crore, respectively.
Of the 7 crore users, 38% fall in the 30-40 age bracket, followed by 24% in 20-30 and 13% in the 40-50 age bracket. The growth has been fuelled by tech-savvy young users, with an age profile of 20-40, who contributed 82 lakh of the 1 crore user additions from 6 crore to 7 crore.
Besides, the market capitalisation of BSE-listed companies recorded a new high cruising at over Rs 227 lakh crore ($3.12 trillion) after touching $3 trillion mark on 25th May 2021.
“This milestone is a testament to BSE efforts to bring more investors, especially from the retail side on the exchange platform. BSE remains confident that to leverage its increasing reach and capacity for delivery of a wider range of financial products including mutual funds, insurance and so on.” said Ashishkumar Chauhan, MD and CEO, BSE.
State-wise mapping
Maharashtra and Gujarat lead in terms of investors with share of 21.5% and 12.3%, respectively, followed by Uttar Pradesh at 7.5% and Karnataka and Tamil Nadu at 6.1% each. In terms of absolute numbers, Maharashtra added 19.44 lakh registered investors with a growth of 15% and Gujarat 7.35 lakh investors with a growth of 9%.
Among the larger states, Uttar Pradesh has seen the fastest growth by onboarding 9.57 lakh investors with a growth rate of 22%, followed by Rajasthan (6.64 lakh investors/growth of 24%) and Madhya Pradesh (5.84 lakh investors / growth of 29%).
“Over the last few years, BSE has been working with members for e-enabling customers with a less-paper ecosystem and on-boarding through an easy and hassle-free digital process. To take advantage of the Covid-induced stock market crash in March 2020, followed by a gradual recovery later on, thousands of retail investors have embraced equities for the first time during the Covid-19 pandemic in India, as seen from the rapid growth of registered investors since April 2020,” BSE said.