Search result for 'prudential'

SBI MF, ICICI Prudential MF, Nippon India MF Invest Rs 537 cr in TBO Tek

March 21, 2025 20:58

SBI Mutual Fund, ICICI Prudential MF, and Nippon India MF acquired a 4.12% stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions.

Prudential & HCL Group Launch Health Insurance JV in India

March 20, 2025 09:35

UK-based Prudential plc partners with HCL Group to launch a health insurance venture in India, aiming to address growing healthcare needs and contribute to 'Insurance for All' by 2047.

RBI to Set Up 'On Tap' Cohort on Climate Change Risks

March 13, 2025 18:57

The Reserve Bank of India (RBI) plans to establish a 'on Tap' cohort under its regulatory sandbox initiative to address climate change risks and sustainable finance. Governor Sanjay Malhotra...

Vedanta Repays USD 900 Million Loan, Improves Balance Sheet

March 12, 2025 10:49

Vedanta Ltd repaid a USD 900 million loan, achieving USD 550 million in deleveraging through refinancing and a QIP. The move strengthens its balance sheet and aligns with its broader deleveraging...

RBI Eases Norms for Urban Co-op Banks

February 24, 2025 20:51

The Reserve Bank of India has revised prudential norms for Urban Co-operative Banks (UCBs), giving them greater operational flexibility. The new rules increase the limit for housing loans and...

Irdai Panel to Implement Insurance Law Amendments

February 20, 2025 20:17

Irdai has formed a committee led by former SBI chairman Dinesh Khara to implement proposed amendments to the Insurance Act, including 100% FDI and other changes.

PNB Reports Rs 270.57 Crore Loan Fraud by Gupta Power Infrastructure

February 18, 2025 21:08

Punjab National Bank (PNB) has reported a Rs 270.57 crore loan fraud by Gupta Power Infrastructure Ltd. The fraud, involving a non-performing asset account, was reported to the Reserve Bank of India.

Sunil Mittal's ICIL Sells Airtel Shares Worth Rs 8,485 Cr

February 18, 2025 19:57

Sunil Bharti Mittal family's holding company, Indian Continent Investment Ltd, has sold Airtel shares worth Rs 8,485.11 crore through a market transaction. Bharti Telecom acquired 1.2 crore shares,...

ICICI Bank to Retain Majority Stake in ICICI Prudential Mutual Fund

February 12, 2025 18:52

ICICI Bank has announced it will maintain majority ownership in ICICI Prudential Asset Management Company despite its joint venture partner's plans to list and partially divest its stake. Learn...

Hexaware Technologies IPO: Rs 2,598 cr Mobilised from Anchor Investors

February 12, 2025 16:05

Hexaware Technologies, backed by Carlyle Group, has raised Rs 2,598 crore from anchor investors ahead of its Rs 8,750 crore IPO. The IPO opens for subscription on Wednesday and will conclude on...

Value Mutual Funds Attract Rs 22,757 Cr in 2024: Strong Returns Drive Inflows

January 30, 2025 14:31

Value mutual funds saw robust investor interest in 2024, attracting Rs 22,757 crore in inflows, driven by strong returns and a shift towards undervalued stocks. Experts predict continued growth in...

Union Bank of India Q3 Profit Surges 28% to Rs 4,604 Cr

January 27, 2025 21:33

Union Bank of India's net profit for Q3 FY25 jumped 28% to Rs 4,604 crore, driven by improved core income and asset quality. Gross NPAs declined to 3.8%.

Indus Towers Enters EV Charging Market | Latest News

January 23, 2025 22:06

Indus Towers, a leading tower infrastructure company, announced its entry into the EV charging infrastructure sector, aiming to leverage its expertise for growth.

Sensex Soars 567 Points, Nifty Above 23,150 on IT, Banking Gains

January 22, 2025 17:31

Indian stock markets rebounded on Wednesday, with Sensex gaining 567 points and Nifty crossing 23,150, driven by IT and banking shares. Global trends also contributed to the positive sentiment.

ICICI Pru Life Stock Plunges 9% After Earnings

January 22, 2025 11:13

ICICI Prudential Life Insurance shares fell 9% on Wednesday after its Q3 earnings disappointed investors. The company reported a 43% surge in net profit to Rs 326 crore, but investors were...

ICICI Pru Life Q3 Profit Surges 43% to Rs 326 Crore

January 21, 2025 20:00

ICICI Prudential Life Insurance reported a 43% jump in net profit to Rs 326 crore for the third quarter ended December 2024, driven by strong premium income and asset growth.

RBI Appoints MK Jain to Head Bank Licensing Panel

January 20, 2025 19:41

Former RBI deputy governor MK Jain will chair a panel to evaluate applications for universal and small finance banks. The committee, reconstituted by the RBI, will assess applications based on...

Vishwa Samudra Group Appoints New Managing Director

January 14, 2025 18:09

Vishwa Samudra Group has appointed Shivdutt Das as Managing Director, overseeing its aviation, marine, engineering, and infrastructure businesses. Learn more about the appointment and the group's...

Laxmi Dental IPO: Rs 314 Crore Raised from Anchor Investors

January 11, 2025 14:28

Laxmi Dental, backed by OrbiMed, raises Rs 314 crore from anchor investors ahead of its IPO. The IPO opens for subscription on January 13th.

Capital Infra Trust IPO: Rs 703 Crore Mobilized from Anchor Investors

January 7, 2025 00:42

Capital Infra Trust, an InvIT sponsored by Gawar Construction, has raised Rs 703 crore from anchor investors ahead of its IPO launch. The IPO opens for public subscription on January 7 and will...

Standard Glass IPO: Rs 123 Crore Raised from Anchor Investors

January 3, 2025 20:55

Standard Glass Lining Technology has raised Rs 123 crore from anchor investors ahead of its IPO, which opens on January 6. The IPO comprises a fresh issue and an offer for sale (OFS).

Goldman Sachs, Citigroup Invest Rs 210 Crore in Amber Enterprises

December 20, 2024 20:16

Goldman Sachs, Citigroup Global Markets, and four other entities bought 3.45 lakh shares or 1.02% stake in Amber Enterprises for Rs 210 crore through block deals on the NSE.

Senores Pharma IPO: Rs 261 Cr from Anchor Investors

December 19, 2024 21:11

Senores Pharmaceuticals raises Rs 261 crore from anchor investors ahead of its IPO. The IPO opens on December 20 and closes on December 24. Read more.

Concord Enviro Systems IPO Raises Rs 150 Cr

December 19, 2024 10:51

Concord Enviro Systems, an environmental engineering solutions firm, has raised Rs 150 crore from anchor investors ahead of its Rs 500 crore IPO, which opens for subscription on December 19.

Transrail Lighting IPO: Rs 246 cr Raised from Anchor Investors

December 19, 2024 10:37

Transrail Lighting Ltd has raised Rs 246 crore from anchor investors including ICICI Prudential Mutual Fund and Tata Mutual Fund. The company's Rs 839-crore IPO is open for subscription from...

Senco Gold Raises Rs 459 Crore via QIP

December 14, 2024 17:13

Senco Gold Limited raised Rs 459 crore through a Qualified Institutions Placement (QIP) by allotting 40.8 lakh equity shares. The funds will be used to fuel the company's growth and expansion.

Brookfield India REIT Raises Rs 3,500 Crore via QIP

December 13, 2024 11:43

Brookfield India REIT raises Rs 3,500 crore through QIP issue to reduce debt. The issue saw strong demand from institutional investors, including IFC and LIC.

IGI IPO: Blackstone-Backed Gem Firm Raises Rs 1,900 Cr

December 12, 2024 21:52

International Gemmological Institute (IGI) has raised Rs 1,900 crore from anchor investors ahead of its IPO, which will open for subscription on December 13. The IPO is a combination of a fresh...

Inventurus Knowledge Solutions IPO Opens: Rs 1,120 Cr Raised

December 12, 2024 10:22

Inventurus Knowledge Solutions, a healthcare support services provider, has raised Rs 1,120 crore from anchor investors ahead of its IPO opening on December 14th. The company's IPO is expected to...

ICICI Bank Partners with CBA for Australia-India Trade

December 11, 2024 22:26

ICICI Bank has partnered with Commonwealth Bank of Australia to facilitate investments, business setup, and trade between the two countries. Read more about this strategic partnership.

Vishal Mega Mart IPO: Rs 2,400 cr Mobilized from Anchor Investors

December 11, 2024 10:24

Vishal Mega Mart, a supermarket chain, has raised Rs 2,400 crore from anchor investors. The IPO opens for subscription on December 11 and will conclude on December 13.

TBO Tek Stake Sale: 5.9% Offloaded for Rs 935 Crore

December 3, 2024 22:06

Augusta TBO (Singapore) and TBO Korea Holdings sold a combined 5.9% stake in TBO Tek for nearly Rs 935 crore through open market transactions. ICICI Prudential MF, SBI MF and Axis MF acquired a...

Godrej Properties Raises Rs 6K Cr for Land Acquisition

December 3, 2024 13:26

Godrej Properties raises Rs 6,000 crore via QIP to fuel land acquisitions and expand its residential business amid strong demand. The company saw a 4x demand for its QIP issue, with participation...

Home First Finance Stake Sold for Rs 1,728 Crore

December 2, 2024 21:36

Promoters of Home First Finance and Warburg Pincus affiliate divest 19.6% stake in the company for Rs 1,728 crore through open market transactions. Read more.

Cipla Promoters Exit: Samina ' Rumana Hamied Sell 1.72% Stake

December 2, 2024 20:02

Samina ' Rumana Hamied, promoters of Cipla, sold their 1.72% stake for Rs 2,111 crore. Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities,...

Zomato Raises USD 1 Billion via QIP: Motilal Oswal, ICICI Prudential Invest

November 29, 2024 16:16

Zomato raises Rs 8,500 crore through QIP, led by domestic investors like Motilal Oswal and ICICI Prudential, to fuel expansion and growth.

Global South Central Banks Policy Conference | RBI

November 22, 2024 21:02

Delegates from 18 countries attended the Reserve Bank of India's two-day policy conference on Global South central banks, focusing on stability and future partnerships.

RBI Guv: Price Stability Key to Growth - News

November 21, 2024 18:18

RBI Governor Shaktikanta Das emphasizes price stability as crucial for sustained growth, highlighting the central bank's commitment to bringing inflation down to 4% sustainably. He also discusses...

NTPC Green Energy IPO: Rs 3,960 Crore From Anchor Investors

November 18, 2024 23:24

NTPC Green Energy, the renewable energy arm of NTPC, raised Rs 3,960 crore from anchor investors ahead of its IPO, which opens for public subscription on November 19. The IPO, with a price band of...

Zinka Logistics Raises Rs 501 cr From Anchor Investors Ahead of IPO

November 12, 2024 22:10

Zinka Logistics, a digital platform for truck operators, has raised Rs 501 crore from anchor investors ahead of its Rs 1,115 crore IPO. The IPO is scheduled for November 13-18.

IITL Launches Rs 500 Cr Real Estate AIF - India News

November 12, 2024 16:13

Industrial Investment Trust Limited (IITL) announces a Rs 500 crore AIF focused on India's real estate sector, targeting growth in residential and commercial properties.

ACME Solar IPO Opens: Rs 1,300 Cr Raised, Subscription Begins

November 6, 2024 12:28

ACME Solar Holdings Ltd raises Rs 1,300 crore from anchor investors ahead of its IPO, which opens for subscription on November 6th. The IPO comprises a fresh issue and an Offer-for-Sale.

Swiggy Raises Rs 5,085 Crore Ahead of IPO

November 5, 2024 23:23

Food delivery giant Swiggy has secured Rs 5,085 crore from anchor investors ahead of its IPO, indicating strong investor interest. The IPO opens on November 6th.

Sagility India IPO: Rs 945 Cr Anchor Investor Funding

November 4, 2024 22:28

Sagility India, a healthcare tech services provider, raised Rs 945 crore from anchor investors ahead of its IPO, which opens on November 5th.

Business Cycle Funds: 56% Returns in 1 Year - Outperforming Market

October 27, 2024 11:00

Business cycle funds deliver impressive returns, with top performers like HSBC, Mahindra Manulife, and Quant exceeding 50%. Learn about these funds, their strategy, and potential benefits.

Societe Generale Sells IndusInd Bank Stake for Rs 421 Crore

October 25, 2024 19:31

Societe Generale has sold its 0.50% stake in IndusInd Bank for Rs 421 crore through an open market transaction. The shares were disposed of at an average price of Rs 1,070.61 apiece.

Afcons Infra IPO: Rs 1,621 Cr Mobilized from Anchor Investors

October 24, 2024 22:18

Afcons Infrastructure, a Shapoorji Pallonji Group company, has raised Rs 1,621 crore from anchor investors ahead of its IPO. The IPO opens on October 25 and will raise up to Rs 5,430 crore.

ICICI Pru Life Profit Rises to Rs 252 Crore in Q2 FY25

October 22, 2024 18:44

ICICI Prudential Life Insurance Company reported a marginal rise of 3% in its net profit to Rs 252 crore in the September quarter, with total income rising to Rs 25,229 crore. The company's assets...

Waaree Energies IPO: Rs 1,277 Cr From Anchor Investors

October 18, 2024 23:14

Waaree Energies, a solar panel maker, raises Rs 1,277 crore from anchor investors ahead of its IPO. The IPO will open for public subscription on October 21st.

ACESO Expands Life Insurance Policy Assignment Services

October 18, 2024 17:40

ACESO now offers its innovative ALIP program to policyholders of major private insurers, enabling them to access the full surrender value of their policies while maintaining life cover.

Retail Inflation to Average 4.5% in 2024-25: RBI

October 15, 2024 15:36

RBI Deputy Governor Michael Patra projects retail inflation to average 4.5% in 2024-25, aligning with the target by 2025-26. He highlights challenges to inflation targeting from climate change and...

Transformers & Rectifiers India Promoter Sells 1.8% Stake

October 14, 2024 22:30

A promoter of Transformers & Rectifiers (India) has sold a 1.8% stake in the company for Rs 211 crore through an open market transaction. Jitendra Mamotra, one of the promoters, sold 27 lakh shares...

Hyundai Motor India IPO: Rs 8,315 Cr Raised from Anchor Investors

October 14, 2024 21:59

Hyundai Motor India Ltd (HMIL) raised Rs 8,315 crore from anchor investors ahead of its mega IPO, which opens for public subscription on October 15. The IPO, valued at Rs 27,870 crore, will be the...

RBI Fines SG Finserve Rs 28.30 Lakh for Non-Compliance

October 14, 2024 19:40

The Reserve Bank of India has imposed a penalty of Rs 28.30 lakh on SG Finserve Limited for non-compliance with specific conditions under which the company was issued the Certificate of...

RBI Proposes Ban on Banks Circumventing Rules via Group Entities

October 4, 2024 21:16

The Reserve Bank of India has proposed barring banks from using group entities to bypass regulations, including limitations on investments and lending activities.

NCLT Needs More Manpower Amid IBC Case Delays

October 1, 2024 21:33

The National Company Law Tribunal (NCLT) President calls for more manpower to address delays in insolvency cases under the IBC, emphasizing the need for a second generation of reforms.

RBI Finds Irregularities in Gold Loans, Orders Policy Review

September 30, 2024 20:27

The Reserve Bank of India (RBI) has identified several irregular practices in the gold loan sector, prompting it to issue guidelines for lenders to review their policies and monitor loan portfolios.

TPG, Peak XV Sell Five-Star Stake for Rs 3,336 Crore

September 26, 2024 21:38

TPG, Peak XV Partners, and Norwest Venture Partners divest 14.24% stake in Five-Star Business Finance to investors like Goldman Sachs, Nomura, Morgan Stanley, IMF, and Fidelity for Rs 3,336 crore.

Nexus Venture Partners Sells Stake in India Shelter Finance

September 16, 2024 20:20

Nexus Venture Partners has sold a 5.97% stake in India Shelter Finance Corporation for Rs 482 crore through open market transactions. The deal saw Goldman Sachs and SBI Life Insurance increase...

Peak XV Partners Sells 10% Stake in Honasa Consumer for Rs 1,601 Crore

September 12, 2024 20:18

Peak XV Partners, Fireside Ventures, Sofina, Stellaris, and Sequoia Capital Global Growth Fund III sold a 10% stake in Honasa Consumer, which owns Mamaearth brand, for Rs 1,601 crore. ICICI...

Goldman Sachs, ICICI Pru Invest in Arvind Fashions for Rs 381 Crore

September 11, 2024 20:07

Goldman Sachs, ICICI Prudential Life Insurance, and Mahindra Manulife MF invest Rs 381 crore in Arvind Fashions through open market transactions. The deal saw Multiples Alternate Asset Management...

PN Gadgil Jewellers Raises Rs 330 Cr from Anchor Investors Ahead of IPO

September 9, 2024 22:31

PN Gadgil Jewellers has raised Rs 330 crore from anchor investors ahead of its IPO. The IPO, which opens on September 10, is expected to raise Rs 1,100 crore.

Bajaj Housing Finance IPO: Rs 1,758 cr from Anchor Investors

September 6, 2024 22:29

Bajaj Housing Finance raised Rs 1,758 crore from anchor investors ahead of its IPO. The IPO will open for public subscription on September 9 and conclude on September 11.

Kross IPO: Rs 150 Crore Raised from Anchor Investors

September 6, 2024 19:44

Auto parts maker Kross Ltd has raised Rs 150 crore from anchor investors ahead of its IPO, which will open for subscription on September 9. The IPO comprises a fresh issue of Rs 250 crore and an...

Capital Group Sells 5.6% Stake in Mastek for Rs 475 Crore

September 4, 2024 19:37

Capital Group sold a 5.6% stake in Mastek for over Rs 475 crore through open market transactions, while ICICI Prudential Mutual Fund picked up a stake in the IT services company.

Bessemer Venture Partners Sells Medi Assist Stake for Rs 580 Crore

September 3, 2024 21:29

Bessemer Venture Partners sold a 13.5% stake in Medi Assist Healthcare Services for Rs 580 crore. Goldman Sachs, Morgan Stanley and Societe Generale acquired shares in the company.

Domestic Savings to Remain Top Lender: RBI

September 3, 2024 14:21

RBI Deputy Governor Patra says domestic savings will continue to be the main source of financing for India's economy in the coming decades, despite recent changes in household savings patterns.

Domestic Saving to Remain Top Lender in India: RBI

September 3, 2024 14:20

RBI Deputy Governor Michael Patra says domestic saving will continue to be the primary source of financing for India's economy in the coming decades, driven by rising incomes and household wealth.

Tencent Sells PB Fintech Stake for Rs 1,668 Crore

August 29, 2024 21:13

Tencent has sold a 2.1% stake in PB Fintech, the parent company of Policybazaar, for Rs 1,668 crore. SBI MF, SocGen, and other investors picked up the stake.

Ecos India Mobility IPO: Rs 180.3 cr Raised from Anchor Investors

August 27, 2024 22:26

Ecos India Mobility, a chauffeur-driven mobility provider, raised Rs 180.36 crore from anchor investors ahead of its IPO. The IPO, priced at Rs 318-334 per share, opens on Wednesday.

SBI Mutual Fund Invests in Rolex Rings: 2.9% Stake Acquired

August 27, 2024 21:51

SBI Mutual Fund and 3 others acquired a 2.97% stake in Rolex Rings for Rs 196.14 crore through open market transactions. The deal involved 8.09 lakh shares purchased at a price range of Rs...

Premier Energies IPO: Rs 846 Crore Raised from Anchor Investors

August 26, 2024 22:24

Premier Energies, a solar cell and module manufacturer, raised Rs 846 crore from anchor investors ahead of its Rs 2,830 crore IPO opening on August 27th.

Warburg Pincus Exits MedPlus Health Services, Sells 11.35% Stake for Rs 836 cr

August 26, 2024 21:10

Warburg Pincus has exited MedPlus Health Services by selling its entire 11.35% stake for Rs 836 crore through an open market transaction. Singapore government and ICICI Prudential Mutual Fund...

Nykaa Shareholder Sells 1.43% Stake for Rs 851 Cr

August 23, 2024 21:10

A public shareholder of Nykaa, FSN E-Commerce Ventures Ltd, offloaded a 1.43% stake for Rs 851 crore. Harindarpal Singh Banga, a commodities billionaire, sold over 4 crore shares at Rs 208.30 apiece.

Adani Group Sells Ambuja Cements Stake for Rs 4,250 cr

August 23, 2024 19:59

Adani Group promoter offloads 2.8% stake in Ambuja Cements to GQG Partners and other investors for Rs 4,250 crore, reducing promoter holding to 48.1%.

General Atlantic, Pioneer Fund Sell Stake in PNB Housing

August 21, 2024 21:16

General Atlantic and Pioneer Investment Fund offloaded a 5.37% stake in PNB Housing Finance for Rs 1,119 crore, while MAS, Goldman Sachs, and Morgan Stanley acquired a stake.

Vanguard Group Buys 1.14 Crore Units in Nexus Select Trust for Rs 158 cr

August 14, 2024 21:35

Vanguard Group acquired over 1.14 crore units of Nexus Select Trust for Rs 158 crore, while Morgan Stanley sold its stake in the REIT firm. Learn more about the transaction and the impact on the...

Blackstone Sells 33 Crore Nexus Select Trust Units for Rs 4,550 Cr

August 9, 2024 18:52

Blackstone sold 33 crore units in its REIT firm 'Nexus Select Trust' for Rs 4,550 crore through a block deal. The investment firm's stake in Nexus Select Trust will now reduce to 21 per cent.

ICICI Prudential Life Insurance AUM Hits Rs 3.14 Lakh Crore

August 7, 2024 22:12

ICICI Prudential Life Insurance's assets under management have surpassed Rs 3.14 lakh crore, marking a significant milestone. The company has covered 9.84 crore lives and boasts an in-force sum...

FirstCry Parent Brainbees Raises Rs 1,886 Cr Ahead of IPO

August 5, 2024 22:36

Brainbees Solutions, parent company of FirstCry, secures Rs 1,886 crore from anchor investors ahead of its initial public offering (IPO), which opens on August 6.

Unicommerce IPO: Rs 124 Cr Raised from Anchor Investors

August 5, 2024 22:29

Unicommerce eSolutions, a SoftBank-backed SaaS platform, has raised Rs 124 crore from anchor investors ahead of its IPO. The IPO will open for subscription between August 6 and 8.

Wayanad Landslide: ICICI Life Simplifies Claims

August 5, 2024 19:55

ICICI Prudential Life simplifies claim settlement for Wayanad landslide victims, requiring only 3 documents. Learn more about the streamlined process.

RBI Proposes Model Risk Management for Credit

August 5, 2024 17:47

Reserve Bank of India (RBI) proposes regulatory principles for managing model risks in credit for banks and other regulated entities, emphasizing prudence and robustness in credit management.

Citigroup, Societe Generale Invest Rs 458 Cr in Netweb Tech

August 2, 2024 20:42

Citigroup, Societe Generale, and 4 other entities acquired a 3.64% stake in Netweb Technologies India for Rs 458 crore through open market transactions. The deal involved a share sale by promoters...

Ceigall India IPO: Rs 375 Cr Raised from Anchor Investors

July 31, 2024 21:46

Infrastructure firm Ceigall India has raised Rs 375 crore from anchor investors ahead of its IPO, which opens on August 1. The IPO comprises a fresh issue and an offer for sale.

AT-1 Bonds Valuation: NFRA Recommends Review Every 3 Years

July 31, 2024 19:44

The National Financial Reporting Authority (NFRA) recommends reviewing the valuation methodology for AT-1 bonds every three years to reflect market practices.

Akums Drugs Raises Rs 829 cr From Anchor Investors Ahead of IPO

July 29, 2024 22:13

Akums Drugs and Pharmaceuticals has raised Rs 829 crore from anchor investors ahead of its IPO, which will open for subscription on July 30. The IPO is a combination of a fresh issue and an offer...

ICICI Prudential Shares Surge 9% on Strong Q1 Earnings

July 24, 2024 17:45

ICICI Prudential Life Insurance shares soared nearly 9% after reporting a 9% rise in profit for the June quarter, reaching a 52-week high. The company's net premium income and new business value...

ICICI Pru Life Q1 PAT Up 9% to Rs 224.34 cr | Business News

July 23, 2024 21:35

ICICI Prudential Life Insurance reported a 9% rise in profit after tax (PAT) for the June quarter at Rs 224.34 crore, driven by a 15.1% increase in policies sold.

Pearl Global Raises Rs 149.5 cr Through QIP

July 20, 2024 13:50

Pearl Global Industries has raised Rs 149.50 crore through a QIP issue. The funds will be used for debt repayment, inorganic growth, and other corporate purposes.

Vedanta QIP Oversubscribed: Rs 23,000 cr Bids for Rs 8,000 cr Offer

July 18, 2024 15:42

Vedanta's qualified institutional placement (QIP) of Rs 8,000 crore received bids worth Rs 23,000 crore, with strong interest from FIIs and domestic investors. The QIP will help the company...

LIC & SBI Outperform: Infrastructure Exposure Drives Growth

July 17, 2024 15:17

LIC and SBI's stock performance surpasses peers due to heavy investment in India's infrastructure sector, while private players focus on tech and consumer sectors. Learn why infrastructure exposure...

Sebi Proposes New Asset Class for Investors with Rs 10-50 Lakh

July 16, 2024 18:00

Sebi proposes a new asset class between mutual funds and PMS for investors with Rs 10-50 lakh, offering higher risk, flexibility, and regulated structure.

Canada Pension Plan Sells Nykaa, Delhivery Shares for Rs 1,166 Crore

July 10, 2024 19:50

Canada Pension Plan Investment Board sold shares of Nykaa's parent company FSN E-Commerce Ventures and Delhivery for Rs 1,166 crore through open market transactions.

Sebi Tightens Rules for Passive Mutual Funds: Sponsor Group Exposure Limit

July 8, 2024 21:47

Sebi introduces new prudential norms for passive mutual fund schemes, limiting investments in sponsor group companies to 25% of net assets. Equity-oriented ETFs and index funds are capped at 35%.

Plutus Wealth Exits Yatharth Hospital for Rs 101 Crore

July 3, 2024 19:19

Plutus Wealth Management LLP sold its 2.9% stake in Yatharth Hospital & Trauma Care Services for Rs 101 crore through an open market transaction. ICICI Prudential Mutual Fund acquired 20 lakh shares.

Emcure Pharma IPO: Rs 583 Cr Raised from Anchor Investors

July 2, 2024 22:01

Emcure Pharmaceuticals, backed by Bain Capital, has raised Rs 583 crore from anchor investors ahead of its IPO. The IPO opens for subscription on July 3 and closes on July 5.

ICICI Prudential Energy Fund NFO Opens July 2

July 1, 2024 14:26

ICICI Prudential MF launches a new energy-focused fund, offering investment opportunities in oil & gas, bio energy, and more. The NFO opens on July 2.

Fidelity Sells HCL Tech Shares for Rs 1,788 Crore

June 28, 2024 22:25

Fidelity Investments offloaded 0.46% stake in HCL Technologies for Rs 1,788 crore through block deals on NSE. ICICI Prudential MF, Kotak Mahindra MF, SBI MF were among the buyers.

GTI Capital Sells Samhi Hotels Stake for Rs 193 Crore

June 28, 2024 21:05

GTI Capital Group has divested a 4.7% stake in Samhi Hotels for Rs 193 crore through open market transactions. The sale reduced GTI Capital's stake to 1.5%.

Fairfax Group Sells 9.7% Stake in CSB Bank for Rs 595 Crore

June 27, 2024 19:58

Fairfax Group divested a 9.7% stake in CSB Bank for Rs 595 crore through an open market transaction, reducing its shareholding to 40%.

Sharda Motor Industries Promoter Sells 8.4% Stake for Rs 499 Crore

June 26, 2024 22:33

Sharda Motor Industries promoter Mala Relan sold 25 lakh shares, representing 8.4% stake in the company, for Rs 499 crore through an open market transaction. The shares were disposed of at an...

Hindustan Foods Stake Sold for Rs 638 Crore

June 26, 2024 21:55

Five entities sold an 11% stake in Hindustan Foods for Rs 638 crore through open market transactions. Jwalamukhi Investment Holdings, Infinity Consumer Holdings, WestBridge AIF I, Sixth Sense...

Alkem Labs Promoter Sells Shares for Rs 177 Crore

June 25, 2024 19:40

Alkem Laboratories promoter Seema Singh sold 3,58,695 shares for Rs 177 crore through an open market transaction. The shares were acquired by Aditya Birla Sun Life Mutual Fund, ICICI Prudential MF,...

Stanley Lifestyles IPO: Rs 161 Cr Raised from Anchor Investors

June 20, 2024 22:04

Stanley Lifestyles, a luxury furniture brand, has raised Rs 161 crore from anchor investors ahead of its Rs 537 crore IPO, which opens on June 21. The IPO comprises fresh issuance of shares and an...

Avataar Venture Partners Exits RateGain Travel: Sells 1.8% Stake for Rs 160 Cr

June 20, 2024 21:10

Avataar Venture Partners has exited RateGain Travel Technologies, selling its entire 1.8% stake for Rs 160 crore through an open market transaction. The shares were picked up by Axis Mutual Fund,...

Two entities exit Sansera Engg; sell 11.66 pc stake for Rs 750 crore

June 19, 2024 20:14

Two entities, Client Ebene and CVCIGP II Employee Ebene, sold their entire 11.66% stake in Sansera Engineering for Rs 750 crore through block deals on NSE.

Bima Central: Manage Insurance Portfolio in One Place - CAMSRep

June 13, 2024 14:24

CAMSRep launches 'Bima Central', a platform to manage insurance policies in one place. Simplify your insurance journey and ensure claim-readiness with Bima Central.

NCLT Initiates Insolvency Against Himalayan Mineral Water

June 9, 2024 13:37

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Himalayan Mineral Waters for defaulting on a corporate guarantee given for LeeL Electricals. The insolvency...

Sebi Tweaks Clearing Corp Liquid Asset Framework: Prudential Norms for Exposure

May 30, 2024 16:49

Sebi has revised guidelines for accepting liquid assets as collateral by clearing corporations (CCs), introducing prudential norms for exposure to strengthen risk management.

Keystone Realtors Raises Rs 800 Cr via QIP

May 28, 2024 17:17

Keystone Realtors, a Mumbai-based realty firm, has raised Rs 800 crore through a Qualified Institutional Placement (QIP). Quant Mutual Fund, SBI Life Insurance and others participated in the issue.

NCLAT Upholds Adani Goodhomes Bid for Radius Estate

May 28, 2024 16:53

NCLAT has upheld Adani Goodhomes' resolution plan for Radius Estate, giving creditors a 93% haircut. The plan was opposed by dissenting financial creditors, but the tribunal said it was 'commercial...

Star Health Stake Divested for Rs 2,210 Crore

May 23, 2024 20:02

Three entities, Apis Partners, Madison India Capital, and ROC Capital, have divested a 7.06% stake in Star Health and Allied Insurance for Rs 2,210 crore through open market transactions.

Warburg Pincus Exits Apollo Tyres for Rs 1,073 Crore

May 22, 2024 20:12

Warburg Pincus has exited Apollo Tyres, selling its entire 3.54% stake for Rs 1,073 crore through open market transactions. The shares were offloaded through 14 block deals on the BSE.

Awfis Space Solutions Raises Rs 268 Crore from Anchor Investors Ahead of IPO

May 21, 2024 22:10

Co-working space operator Awfis Space Solutions has raised Rs 268 crore from anchor investors ahead of its IPO, which opens on May 22. The company will use the proceeds to fund expansion and...

PGIM India Aims to Double AUM to Rs 50,000 Crore

May 20, 2024 14:37

PGIM India Asset Management plans to double its AUM to Rs 50,000 crore in the next 2-3 years, driven by product expansion and SIP focus.

PB Fintech Executives Sell 1.8% Stake for Rs 1,109 Crore

May 17, 2024 21:42

Two top PB Fintech executives, Yashish Dahiya and Alok Bansal, divested a 1.8% stake in the company for Rs 1,109 crore through open market transactions. The shares were picked up by domestic mutual...

Cipla Promoters Sell 2.53% Stake for Rs 2,750 Cr | News

May 15, 2024 19:25

Cipla promoters offload 2.53% stake for Rs 2,750 crore to create liquidity for philanthropy and other needs. The deal was completed through a block deal on the NSE, with buyers including Aditya...

Go Digit IPO Opens: Rs 1,176 Cr Raised from Anchor Investors

May 15, 2024 12:52

Go Digit General Insurance's Rs 2,615 crore IPO opens for subscription. The company raised over Rs 1,176 crore from anchor investors, including Fidelity, Goldman Sachs, and Abu Dhabi Investment...

TBO Tek Raises Rs 696 Cr From Anchor Investors Ahead of IPO

May 7, 2024 22:01

Travel distribution firm TBO Tek has secured over Rs 696 crore from anchor investors ahead of its initial public offering (IPO), with prominent investors including Abu Dhabi Investment Authority,...

Aadhar Housing Finance IPO: Rs 898 Cr Raised from Anchor Investors

May 7, 2024 22:00

Aadhar Housing Finance, backed by Blackstone, raises Rs 898 crore from anchor investors ahead of its IPO, set to open on May 8. The IPO, valued at Rs 3,000 crore, will see a fresh issue and an...

ICICI Pru Life Pays Rs 1,867 Cr in Death Claims - FY24

May 7, 2024 15:46

ICICI Prudential Life Insurance settled 99.17% of death claims in 1.27 days, with a total payout of Rs 1,867 crore in FY24. The company boasts a high claim settlement ratio and fast turnaround time.

ICICI Pru Life Launches First Fund Value-Based ULIP

May 6, 2024 18:58

ICICI Prudential Life Insurance launches its first unit-linked product, 'ICICI Pru Platinum', with distributor payouts linked to customer fund value. The plan incentivizes distributors to encourage...

JK Bank Records Record Profit of Rs 1,767 Crore in FY24

May 4, 2024 17:25

Jammu & Kashmir Bank reports highest-ever annual profit of Rs 1,767 crore for FY24, a 48% increase from the previous year. The bank also saw a significant rise in deposits and advances.

Indegene Raises Rs 549 Cr from Anchor Investors Ahead of IPO

May 3, 2024 22:16

Healthcare tech firm Indegene has raised Rs 549 crore from anchor investors ahead of its IPO, which will open for public subscription on May 6. The company's IPO comprises a fresh issue of equity...

HDFC Mutual Fund Buys 11.3 Lakh Cyient Shares for Rs 204 Cr

May 2, 2024 22:26

HDFC Mutual Fund purchased 11.33 lakh shares of Cyient Ltd for Rs 204 crore, increasing its stake to 2.1%. Ventureast divested a 1.8% stake in Zaggle Prepaid Ocean Services for Rs 67 crore, while...

Arpwood Partners Sells SBFC Finance Stake for Rs 494 Crore

April 30, 2024 21:46

Arpwood Partners has divested its entire 5.2% stake in SBFC Finance for Rs 494 crore through open market transactions. The shares were sold within the price range of Rs 88.03-88 apiece.

Sebi Cracks Down on Mutual Fund Front-Running

April 30, 2024 21:31

Sebi strengthens regulations to combat front-running and fraudulent transactions in mutual funds, requiring AMCs to establish institutional mechanisms for detection and prevention.

Sebi Tightens Rules to Curb Front Running, Insider Trading in Mutual Funds

April 30, 2024 19:03

Sebi has amended regulations to curb front running and insider trading in mutual funds, requiring AMCs to implement an institutional mechanism for identifying and deterring market abuse.

Special Opportunities Funds: AMCs File Draft Papers with SEBI

April 28, 2024 11:47

Asset management firms are showing interest in Special Opportunities Funds, with three firms filing draft papers with SEBI. Learn more about these funds, their potential, and how they differ from...

ICICI Bank Q4 Net Profit Up 18.5% to Rs 11,672 Cr

April 27, 2024 18:59

ICICI Bank's Q4 net profit surged 18.5% to Rs 11,672 crore, driven by lower provisions and strong loan growth. The bank also reported a 17.4% rise in standalone profit.

ICICI Prudential Shares Fall After Earnings

April 24, 2024 16:38

ICICI Prudential shares closed nearly 3% lower on Wednesday after the company reported a 26% drop in net profit for the March quarter. The stock was down 2.71% on the BSE and 2.66% on the NSE.

ICICI Prudential Life Q4 Net Profit Dips 26% to Rs 174 cr

April 24, 2024 12:06

ICICI Prudential Life's net profit declined by 26% to Rs 174 crore in Q4 FY24 due to higher expenses. Net premium income rose 17% to Rs 14,788 crore.

ICICI Prudential Shares Plunge 7% After Earnings

April 24, 2024 11:14

ICICI Prudential shares fell nearly 7% on Wednesday after the company announced a 26% drop in net profit for the quarter ended March 31. The insurer's net premium income rose 17% to Rs 14,788 crore...

ICICI Prudential Shares Plunge 7% After Earnings

April 24, 2024 10:50

ICICI Prudential shares dropped nearly 7% after the company reported a 26% decline in net profit for the quarter ended March 31. The insurer's net premium income rose 17% but expenses increased 10%.

India: Travel Hub Between SE Asia & Middle East

April 20, 2024 20:57

India is emerging as a convenient travel hub between Southeast Asia and the Middle East, with airlines connecting passengers through Indian cities.

LIC Premium Growth Surges 26.41% in March 2024

April 19, 2024 20:04

LIC reported a significant 26.41% increase in total premium collection in March 2024, outperforming other listed insurers. The state-owned insurer holds a 58.87% market share based on premium...

Bharti Hexacom IPO: Rs 1,924 Crore Raised from Anchor Investors

April 2, 2024 23:10

Bharti Airtel's arm, Bharti Hexacom, has raised Rs 1,924 crore from anchor investors ahead of its IPO, which opens for public subscription on April 3. The IPO is an offer for sale (OFS) of 7.5...

Apis Partners Sells Star Health Shares for Rs 553 Crore

March 1, 2024 20:19

Apis Partners, a private equity firm, has sold shares of health insurer Star Health and Allied Insurance Company for Rs 553 crore through an open market transaction.

RK Swamy IPO: Price Band Fixed at Rs 270-288, Opens March 4

February 28, 2024 18:38

RK Swamy, a leading marketing agency, has fixed the price band for its Rs 423 crore IPO at Rs 270-288 per share. The IPO opens on March 4 and closes on March 6.

RK Swamy IPO: Price Band Fixed at Rs 270-288

February 28, 2024 18:05

RK Swamy Ltd, a leading marketing communications agency, has fixed the price band for its Rs 423-crore IPO at Rs 270-288 per share. The IPO will open on March 4 and close on March 6.

Bharat Highways InvIT IPO: Rs 826 cr raised from anchor investors

February 27, 2024 21:50

Bharat Highways InvIT, an infrastructure investment trust, has raised Rs 826 crore from anchor investors ahead of its IPO. The InvIT plans to utilize the proceeds for loan repayment.

Single Fund Manager for Commodity & Overseas Funds: Sebi Proposal to Reduce MF Costs

February 27, 2024 15:58

Sebi proposes a single fund manager for commodity and overseas investments by MFs, aiming to reduce fund management costs. The move also includes easing nomination rules and simplifying regulations...

RBI Fines SBI, Canara Bank, City Union Bank Rs 3 Crore - PTI

February 26, 2024 19:07

The Reserve Bank of India (RBI) has imposed penalties totalling almost Rs 3 crore on State Bank of India, Canara Bank, and City Union Bank for violating regulatory norms.

Juniper Hotels Raises Rs 810 Cr From Anchor Investors Ahead of IPO

February 20, 2024 22:17

Juniper Hotels, operator of Hyatt-branded hotels, has raised Rs 810 crore from anchor investors ahead of its IPO. The company will use the funds for debt repayment and general corporate purposes.

Mankind Pharma Promoters Sell 1.6% Stake for Rs 1,367 Crore

February 8, 2024 22:39

Mankind Pharma promoters offloaded a 1.62% stake in the company for Rs 1,367 crore through open market transactions, bringing their total shareholding down to 74.88%.

Capital Small Finance Bank IPO: Rs 157 cr from Anchor Investors

February 6, 2024 20:21

Capital Small Finance Bank has raised Rs 157 crore from anchor investors ahead of its IPO. The IPO, with a price band of Rs 445-468 per share, will open for public subscription from February 7-9.

Rashi Peripherals IPO: Rs 180 Cr From Anchor Investors

February 6, 2024 20:15

Rashi Peripherals, an ICT distributor, raised Rs 180 crore from anchor investors ahead of its IPO. The company will utilize the funds for debt payment and working capital.

Park Hotels Raises Rs 409 Crore Ahead of IPO

February 3, 2024 13:37

Apeejay Surrendra Park Hotels Ltd has raised Rs 409.5 crore from anchor investors ahead of its initial public offering (IPO). The company plans to allocate 2.64 crore equity shares to 37 funds at...

Capital Small Finance Bank IPO: Price Band Fixed at Rs 445-468

February 2, 2024 19:17

Capital Small Finance Bank has fixed the price band for its Rs 523 crore IPO at Rs 445-468 per share. The IPO opens on February 7 and includes a fresh issue and offer for sale.

Capital Small Finance Bank IPO: Price Band Fixed at Rs 445-468

February 2, 2024 18:11

Capital Small Finance Bank has fixed the price band for its Rs 523 crore IPO at Rs 445-468 per share. The IPO opens on February 7 and includes both fresh issue and offer for sale by existing...

States' Loan Guarantees Triple to Rs 9.4 Lakh Cr in FY23 - Icra

January 21, 2024 14:26

States' loan guarantees to entities have more than tripled in FY23, reaching Rs 9.4 lakh crore. The increase highlights potential risks to states' fiscal health and calls for robust monitoring and...

ICICI Prudential Launches 100% Refund Pension Plan

January 18, 2024 19:19

ICICI Prudential Life Insurance introduces a new pension plan offering a 100% refund of premium paid at any time. The plan also provides loan against policy and guaranteed life-long income.

ICICI Prudential Shares Plunge 5% After Q3 Earnings

January 18, 2024 16:08

ICICI Prudential Life Insurance shares closed over 5% lower on Thursday after reporting flat net profit in the December quarter. The stock tumbled 10% during the day before recovering slightly.

ICICI Prudential Shares Plunge 10% After Q3 Earnings

January 18, 2024 10:55

ICICI Prudential Life Insurance shares fell 10% on Thursday after the company reported a flat net profit of Rs 227 crore in the December quarter. The stock's market valuation also took a hit.

Minda Corp Sells Entire Pricol Stake for Rs 658 Crore

January 17, 2024 21:15

Minda Corporation has exited Pricol, selling its entire 15.70% stake for Rs 658 crore through open market transactions. The transaction involved over 1.91 crore shares at Rs 343.60 apiece.

ICICI Prudential Life Q3 Profit Flat at Rs 227 Crore - PTI

January 17, 2024 20:59

ICICI Prudential Life Insurance reported a flat net profit of Rs 227 crore for the third quarter ended December 2023. The company's net premium income increased to Rs 9,929 crore.

Nazara Tech Raises Rs 250 Cr, Invests in Kofluence

January 17, 2024 20:56

Nazara Technologies announces a Rs 250 crore fundraise and a 10.77% stake in social media influencer platform Kofluence Tech through a share swap deal. The company plans to use the funds for growth...

Minda Corp Sells 15.07% Stake in Pricol for Rs 631 Crore

January 17, 2024 19:52

Minda Corporation offloads a 15.07% stake in automotive components maker Pricol Ltd for around Rs 631 crore through an open market transaction. ICICI Prudential MF, Fidelity India Fund, Tata MF,...

Nazara Tech Raises Rs 250 Cr, Invests in Influencer Startup

January 17, 2024 18:39

Nazara Technologies announces Rs 250 crore rights issue and a 10.7% stake in Kofluence Tech, a social media influencer platform, through a share swap deal.

RBI Panel: State Govt Guarantees Fee, Risk Limits

January 16, 2024 19:45

A Reserve Bank working group recommends state governments charge fees for guarantees on loans, set limits on guarantees, and classify projects by risk.

RBI's Proactive Measures Led to Banking System Turnaround: Das

January 12, 2024 22:05

RBI Governor Shaktikanta Das credits the central bank's timely and proactive regulatory measures for the banking system's turnaround, highlighting improved capital adequacy, asset quality, and...

RBI Raises Minimum Capital for Small Finance Banks to Rs 200 Crore

January 8, 2024 22:12

The Reserve Bank of India (RBI) has doubled the minimum capital requirement for small finance banks (SFBs) to Rs 200 crore. The move allows Payments Banks to upgrade to SFBs after five years of...

Jyoti CNC Automation Raises Rs 448 Cr Ahead of IPO

January 8, 2024 22:00

Jyoti CNC Automation has raised Rs 448 crore from anchor investors ahead of its IPO, which will open for public subscription on January 9. The company is a leading manufacturer of CNC machines and...

True North Sells Zydus Wellness Stake for Rs 127 cr

December 28, 2023 21:54

Private equity firm True North's arm Threpsi Care LLP has divested a 1.23% stake in Zydus Wellness for Rs 127 crore through an open market transaction.

RBI Approves ICICI Pru Mutual Fund Investment in Federal Bank & RBL Bank

December 28, 2023 20:17

Reserve Bank of India (RBI) has approved ICICI Prudential Asset Management Company's (ICICI AMC) acquisition of up to 9.95% stake in Federal Bank and RBL Bank, subject to regulatory conditions.

ICICI Pru Life Faces Rs 270 Cr GST Demand: Details

December 27, 2023 16:54

ICICI Prudential Life Insurance has received a Rs 270 crore GST demand notice from Maharashtra authorities for alleged short payment in 2017-18. The company plans to appeal the order.

CCI Approves Alpha Alternatives Stake in Dilip Buildcon

December 23, 2023 19:52

India's Competition Commission of India (CCI) has approved Alpha Alternatives Group's acquisition of a 10% stake in Dilip Buildcon, a leading EPC firm. The deal involves warrants, NCDs and...

Ami Organics Stake Sale: 3 Individuals Sell 12.5% for Rs 474 Cr

December 21, 2023 22:03

Three individuals have divested a 12.5% stake in Ami Organics for Rs 474 crore through open market transactions. ICICI Prudential Mutual Fund, Malabar India Fund, Bofa Securities Europe SA, Goldman...

Ami Organics Share Sale: Individuals Offload Rs 474 Cr

December 21, 2023 20:26

Three individuals, including a family member, sold 12.5% stake in Ami Organics for Rs 474 crore through open market transactions. The shares were bought by several institutional investors including...

Blackstone Exits Embassy REIT: Sells 23.5% Stake for ₹7,100 Crore

December 20, 2023 22:31

Blackstone has sold its entire 23.5% stake in Embassy Office Parks REIT for ₹7,100 crore to various investors, including Capital Group, ICICI Prudential MF and SBI Mutual Fund.

IndusInd Bank Sells Nippon Life India Asset Stake for Rs 795 Crore

December 20, 2023 21:21

IndusInd Bank has sold its entire 2.86% stake in Nippon Life India Asset Management for Rs 795 crore through open market transactions. SBI Mutual Fund, ICICI Prudential MF, Bajaj Allianz Life...

Blackstone Exits Embassy REIT, Sells 23.5% Stake for Rs 7,100 Crore

December 20, 2023 21:06

Blackstone has sold its entire 23.5% stake in Embassy Office Parks REIT for Rs 7,100 crore to various investors, including Capital Group, ICICI Prudential MF, and SBI Mutual Fund.

Innova Captab IPO: Secures Rs 171 Cr from Anchor Investors

December 20, 2023 20:56

Innova Captab, an integrated pharmaceutical company, has raised Rs 171 crore from anchor investors ahead of its IPO. The IPO, priced between Rs 426-448 per share, will open on December 21 and...

White Iris Investment Sells 4.5% Stake in Apollo Tyres for Rs 1,281 Cr

December 19, 2023 21:34

White Iris Investment has divested 4.5% stake in Apollo Tyres for Rs 1,281 crore through open market transactions. The deal involved over 2.85 crore shares and was executed in 22 tranches.

Azad Engineering IPO: Rs 221 Cr Raised from Anchor Investors

December 19, 2023 21:28

Azad Engineering Ltd raised Rs 221 crore from anchor investors ahead of its IPO. The IPO, priced at Rs 499-524 per share, will open for subscription on December 20-22.

Muthoot Microfin IPO Subscribed 82% on Day 1

December 18, 2023 19:24

Muthoot Microfin's IPO was subscribed 82% on the first day, with retail investors showing strong interest. The IPO aims to raise Rs 960 crore and includes a fresh issue and an OFS component.

General Atlantic Sells 10% Stake in KFin Technologies for Rs 851 Cr

December 15, 2023 22:37

General Atlantic has divested a 10% stake in KFin Technologies for Rs 851 crore through an open market transaction. The US-based private equity firm is the promoter of KFin Technologies.

PVR Inox Shares Offloaded for Rs 401 cr

December 15, 2023 21:44

Five entities, including Multiples Equity, sold shares of PVR Inox for Rs 401 crore through open market transactions on Friday. The shares were disposed of at an average price of Rs 1,753 apiece.

Softbank Sells 2.5% Stake in PB Fintech for Rs 914 Cr

December 15, 2023 20:44

Softbank has divested a 2.5% stake in PB Fintech, the parent company of Policybazaar, for Rs 914 crore through open market transactions. The sale reduces Softbank's stake to 1.85% in PB Fintech.

Warburg Pincus Sells 6.4% Stake in Fusion MicroFinance

December 14, 2023 21:01

Warburg Pincus and Creation Investments offload stakes in Fusion MicroFinance for a combined Rs 572 crore. The deal reduced their shareholdings to 32.83% and 19.83%, respectively.

Life Insurance Stocks Fall Amidst Surrender Value Hike

December 14, 2023 19:55

Shares of most life insurance companies declined as Irdai proposed a significant increase in surrender value for non-par insurance products, impacting their margins.

Inox India IPO: Rs 438 Cr Raised from Anchor Investors

December 13, 2023 20:50

Inox India, a cryogenic tank maker, has secured Rs 438 crore from anchor investors ahead of its IPO. The IPO opens on December 14th and closes on December 18th.

DOMS Industries IPO Opens: Rs 538 Crore Raised from Anchor Investors

December 13, 2023 13:30

DOMS Industries, a pencil maker, has raised Rs 538 crore from anchor investors ahead of its IPO opening. The IPO, with a price band of Rs 750-790 per share, opened on Wednesday and will conclude on...

India Shelter Finance IPO: Rs 360 cr From Anchor Investors

December 12, 2023 22:30

India Shelter Finance, an affordable housing finance company, has raised Rs 360 crore from anchor investors ahead of its IPO, which opens for subscription on December 13.

Softbank Sells 1.1% Stake in Zomato for Rs 1,128 Cr

December 8, 2023 19:18

Softbank has offloaded a 1.1% stake in Zomato for Rs 1,128 crore through an open market transaction, reducing its shareholding to 1.09%.

RBI Keeps Rates Unchanged, Analysts See Policy Neutrality Soon

December 8, 2023 19:00

The Reserve Bank of India (RBI) has maintained policy rates at 6.50 per cent for the fifth consecutive time, with analysts expecting a shift towards policy neutrality and rate cuts only in the...

RBI Curtails Consumption Loans, Unsecured Credit: DG Swaminathan J

December 8, 2023 14:47

The Reserve Bank of India (RBI) aims to curtail consumption loans and unsecured credit with undefined end use, as Deputy Governor Swaminathan J clarifies the intent is not to deny or ration credit,...

360 One WAM Promoters Sell 2.8% Stake for Rs 600 cr

December 4, 2023 22:26

Promoters of wealth management firm 360 One WAM pare a 2.8% stake in the company for Rs 600 crore through open market transactions. ICICI Prudential Mutual Fund acquired 35 lakh shares of 360 One WAM.

Alipay Sells Zomato Stake for Rs 3,337 Cr

November 29, 2023 20:58

Alipay Singapore Holding, an arm of Alibaba, divested its entire 3.44% stake in Zomato for Rs 3,337 crore. This comes after SoftBank also sold its stake in Zomato.

RBI Tightens Unsecured Loans: Pre-emptive Move for Sustainability

November 22, 2023 15:34

RBI Governor Shaktikanta Das explains the rationale behind the central bank's stricter stance on unsecured loans, emphasizing a pre-emptive approach for sustainable growth in the banking sector.

ASK Automotive Raises Rs 250 Cr from Anchor Investors Ahead of IPO

November 6, 2023 22:01

ASK Automotive, a leading auto ancillary player, has raised over Rs 250 crore from anchor investors ahead of its IPO, which opens for public subscription on Tuesday. The company allotted 88.71 lakh...

ICICI Prudential Multi-Asset Fund: Rs 10 Lakh Turned to Rs 5.5 Crore in 21 Years

November 3, 2023 18:00

ICICI Prudential Multi-Asset Fund has delivered a 21% CAGR in 21 years, turning an initial Rs 10 lakh investment into Rs 5.5 crore. Learn about its performance and investment strategy.

ESAF Small Finance Bank IPO: Rs 135 cr Mobilised from Anchor Investors

November 2, 2023 22:05

ESAF Small Finance Bank has raised Rs 135 crore from anchor investors ahead of its IPO, which opens on November 3. The IPO comprises a fresh issue and an Offer For Sale (OFS).

Company Name
Price
Volume

Vodafone Idea L
7.62 (+ 4.96)
103031030

GTL Infrastructure
1.53 (+ 1.32)
21582832

Guj. Toolroom Lt
1.72 (+ 3.61)
13450663

Jaiprakash Power Ven
14.97 (+ 2.18)
13128177

Standard Capital
0.56 ( -1.75)
13006780

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