This, even as the market regulator increasingly tightens its watch over platforms offering such trades, going to the extent of calling such trading illegal.
The interest is climbing.
Monthly trading volumes of unlisted securities in 2024 have surged to $300 million from $50-60 million last year, according to an analyst. Reason: all-time returns from the Primex 40 Index, which tracks top private companies, reached 25.85% compared to the Nifty 500's 15%. However, over the past three years, the Primex 40 has lagged, delivering 12.62% versus the Nifty-500 Multicap's 17.91%.
The top three companies in the unlisted space by market capitalization are NSE, Tata Capital, and Nayara Energy, while Bira and NCDEX languish at the bottom.
This is how it works. Wealth platforms help Esop holders or early investors sell their shares before a company goes public.
Denne historien er fra December 28, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 28, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Small investors chase new fancy in unlisted avenue
Lured by the promise of outsized returns, early access to high-growth companies, and lower fees, retail investors are venturing into the unregulated and risky world of unlisted securities.
Home lenders eye pot of gold in affordable loans
Higher returns from small-ticket loans, govt schemes tempt mortgage lenders
Suzuki, the man behind India's people's car, dies
Osamu Suzuki, the visionary who brought affordable mobility to millions in India with the Maruti 800 and positioned the country as Suzuki Motor Corp.'s global growth engine, has died. He was 94.
Events, weddings to help hoteliers do better in H2
Room to grow
Help wanted: US factories seek workers for nearshoring boom
Craig Jones's biggest problem for years was winning new business for his family-run plastics company headquartered in Louisville, Ky. Today, the challenge is finding workers to meet the company's growing orderbook as companies increasingly source more of their parts and products from the U.S.
Services exports save the day for current account in Sep quarter
A rise in services exports helped narrow India's current account deficit (CAD) in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24.
EVs at airports to cut emissions
Government plans to add EV charging infra to airports
India's Textile Exports a Silver Lining as Trade Deficit Widens
Experts attribute this growth to govt policies, trade deals, and adoption of new technologies
JSW Neo to acquire 02 Power; EQT and Temasek to exit
The transaction entails acquisition of 02 Power Midco Holdings and 02 Energy SG, and is subject to customary nods
Rupee falls to record low as dollar bids spike
The rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.
