Sammaan raises $450 million via overseas bond issue
Sammaan Capital, formerly Indiabulls Housing Finance, has successfully raised $450 million through a five-year dollar bond. This marks their first international issuance after a significant investment from Abu Dhabi’s International Holding Company. The bond was issued at a coupon of 7.50%. Investor demand was robust, with the issue being oversubscribed more than three times.
Groww set to launch Rs 7,000 crore IPO in November
Groww plans to launch its ₹7,000-crore Initial Public Offering in early November. The fintech firm, backed by Microsoft CEO Satya Nadella, aims for an $8 billion valuation. The IPO will include a fresh issue and an offer for sale by existing investors. This comes as the stock broking industry faces regulatory pressures.
My Precious! Silver ETF rush takes the market by surprise
Domestic silver ETFs saw their strongest single-day gains in 2025. This surge was driven by rising silver prices and a shortage of physical silver. Market makers struggled to create new ETF units, leading to significant price spikes. Demand for silver is increasing due to industrial use and investor interest. Prices are expected to stabilize as […]