Abu Dhabi-based IHC sells 1.83% stake in Adani Energy for Rs 1,737 cr
Envestcom Holding RSC Ltd offloaded nearly 2.2 crore equity shares, representing a 1.83 per cent stake in Adani Energy Solutions Ltd (AESL), as per the bulk deal data available on the BSE and NSE.
Prestige Hospitality Ventures gets Sebi nod for Rs 2,700 crore IPO
Prestige Hospitality Ventures, the Prestige Group’s hospitality arm, has received SEBI approval for its ₹2,700 crore IPO. The IPO includes a fresh issue of shares and an offer for sale by Prestige Estates Projects. Proceeds will be used for debt repayment, acquisitions, and general corporate purposes, reflecting confidence in India’s premium hospitality sector.
Large caps are the new debt? Radhika Gupta says investors have forgotten asset allocation buckets
Radhika Gupta, CEO of Edelweiss MF, highlighted a shift in investor risk appetite, noting that large-caps are now seen as debt-like and private markets as equity. She emphasized the growing relevance of smart passive strategies in the Nifty500 space, particularly the Multicap Momentum Quality 50 index for balanced, diversified exposure.
Antfin to offload entire Rs 5,370 crore stake in Eternal via bulk deal
Antfin Singapore, an Ant Group affiliate will sell its entire stake in Eternal on Thursday. The sale involves 18.84 crore shares via a block deal. The floor price is set at Rs 285 per share. The deal is valued at approximately Rs 5,370 crore. This follows Antfin’s recent exit from Paytm earlier this week.
JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue
JSW Cement secured Rs 1,080 crore from anchor investors before its IPO launch. The IPO opens on Thursday and closes on Monday. It includes a fresh issue and an offer for sale. Funds will support a new facility and debt repayment. The IPO price is Rs 139-147 per share.
Reliance Infra, Reliance Power sink up to 19% in 6 sessions amid Rs 17,000 cr loan fraud probe
Shares of Reliance Infrastructure and Reliance Power have tumbled up to 19% over the past six trading sessions amid an ongoing investigation into an alleged Rs 17,000 crore loan fraud involving the Anil Ambani-led companies.
Sri Lotus Developers shares surge 4% after a strong market debut
The stock debuted on the BSE at ₹179.10, registering a 19.4% gain over its IPO price of ₹150. On the NSE, it opened at ₹178, indicating an 18.7% premium.
Rate pause reflects RBI’s watchful eye on tariffs and growth: R Gandhi
Former RBI Deputy Governor R. Gandhi suggests the Reserve Bank of India is adopting a cautious approach due to rising inflation and concerns about tariffs. The RBI expects inflation to remain above 4% in the coming quarters. This cautionary stance explains the decision to hold rates, reflecting the Monetary Policy Committee’s readiness to act based […]
Gland Pharma shares rally 6% as brokerages lift ratings, target prices; here’s why
Gland Pharma shares surged after strong Q1 results and positive commentary from brokerages citing a turnaround at its European unit Cenexi. EBITDA margins expanded to 24.4%, and net profit rose 50% YoY. Despite weak U.S. sales, growth in Europe and new launches supported the outlook. Brokerages raised earnings estimates and targets, expecting further gains as […]
India needs fiscal push to revive domestic growth: Arvind Sanger
Arvind Sanger of Geosphere Capital Management discusses Trump’s tariff plans. These plans include potential hikes on pharmaceutical imports and Indian goods. China may have leverage due to rare earth elements and Trump’s desire for a meeting with Xi Jinping. India lacks a similar advantage. Sanger also addresses concerns about consistent FII selling and the need […]