Reserve Bank of India’s new proposal will allow banks to fund mergers and acquisitions. This change is expected to reduce fee income for debt capital market bankers. Previously, non-bank lenders and private funds dominated this financing. Now, banks entering this space may compress spreads and increase competition. This shift impacts how M&A deals are financed in India.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.