Warburg Pincus to evaluate buying majority stake in Nuvama Wealth: Report
Warburg Pincus may acquire a majority stake in Nuvama Wealth Management as PAG looks to sell its 54% holding, valued at $1.6 billion. JPMorgan and Morgan Stanley are advising on the potential transaction, according to reports.
Vishal Mega Mart promoter sells equity worth Rs 10,220 crore via block deals, 3 mutual funds among buyers
Vishal Mega Mart promoter Samayat Services sold 90 crore shares worth ₹10,220 crore via block deals. SBI MF, HDFC MF, and Kotak MF acquired over ₹3,600 crore worth. The shares were sold at a 9% discount to market price.
Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries
Three firms — Sunshine Pictures, M&B Engineering, and Lumino Industries — have secured Sebi approval to raise over Rs 1,650 crore via IPOs. Proceeds will be used for debt repayment, working capital, capex, and corporate needs, with mixed fresh issues and OFS components across all three companies.
IFC pledges $60 million to Motilal Oswal’s new fund targeting India’s mid-market companies
IFC has committed $60 million to Motilal Oswal’s India Business Excellence Fund V G to support 12–16 mid-sized companies, boost rural growth, and promote women’s workforce inclusion. A $60 million co-investment envelope will allow IFC to back specific deals.
India proposes virtual power agreements to boost renewable energy trading in power markets
India’s power market regulator on Tuesday proposed amending its electricity trading rules to introduce Virtual Power Purchase Agreement (VPPA), a new financial instrument aimed at helping consumers meet renewable energy obligations and trade power.
Zerodha to help investors dematerialise old share certificates, no account needed: Nithin Kamath
Zerodha has unveiled a support initiative to help investors convert old physical share certificates into demat format. The program aids even non-customers, addressing legacy investments, especially inherited ones, amid Sebi’s strict dematerialisation regulations and rising second-generation inquiries.
PNB sells entire 21% stake in ISARC for Rs 34 crore
State-owned Punjab National Bank on Tuesday said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore.
Market’s next big cue may come from earnings and rural revival: Shiv Puri
Shiv Puri from TVF Capital Advisors suggests a positive outlook for consumption due to changing unsecured personal lending. He highlights opportunities in underpenetrated sectors like hospitals and retail, emphasizing the importance of selectivity and difficulty as a barrier to entry. Puri believes the premiumization wave has potential but needs broader consumer participation, and earnings will […]
Midcaps still overheated; Nifty valuations offer relative safety: Shiv Puri
Shiv Puri of TVF Capital Advisors suggests India’s equity markets are showing resilience due to improving liquidity and a bottoming earnings outlook. While valuations are high for mid and small caps, large-cap names appear reasonable. Despite geopolitical risks, global markets anticipate regional conflicts, and India’s economic fundamentals are improving, potentially attracting foreign investment.
Pick up defence stocks for long term; 2 shipping stocks to buy: Neeraj Dewan
Market expert Neeraj Dewan is optimistic about the defence sector’s long-term growth, highlighting budget allocations and export potential. He favors Garden Reach and Mazagon Dock for long-term investment, while advising caution on SCI and Cochin Shipyard due to geopolitical risks. Dewan anticipates consolidation in Asian Paints and suggests potential short-term gains, but expects sluggish medium-term […]