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The report highlighted LIC's May 2025 investment of USD 570 million (around Rs 5,000 crore) in Adani Ports & SEZ (APSEZ). Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across ...Read More >
New Delhi, Oct 28 (PTI) Tata Capital, NBFC arm of Tata Group, on Tuesday reported a flat growth in consolidated profit at Rs 1,119 crore for the September quarter. The NBFC firm had earned a consolidated net profit of Rs 1,133 crore in the second quarter of the previous fiscal year. This is the first quarterly number announcement after listing of the Tata Capital stocks on the bourses. Its share were listed on stock exchanges on October 13. Total income rose to Rs 7,750 crore during the quart ...Read More >
New Delhi, Oct 16 (PTI) Mobile entertainment app Kuku has raised USD 85 million in a funding round led by Granite Asia, previously known as GGV Capital, a top company official said on Thursday. Vertex Growth Fund, Krafton, IFC, Paramark, Tribe Capital India, and Bitkraft also participated in the funding round. Kuku, Founder and CEO, Lal Chand Bisu, told PTI that the fund will be mainly invested in content creation and building tools to support creators and storytelling. "We have raised USD 85 ...Read More >
MUMBAI: Tata Capital's Rs 15,511-crore IPO -- Tata Group's biggest-ever and the largest by any NBFC -- will be open between Oct 6-8, with anchor bids on Oct 3. Priced at Rs 310-326 a share, the offer values the firm at Rs 1.32-1.38 lakh crore. Investors must bid for at least 46 shares.At the floor, pricing matches Tata Sons' rights issue earlier this year -- well below the grey-market frenzy that once saw trades over Rs 1,000 before Trump's tariff tantrums roiled equities.The 47.6-crore-share is ...Read More >
Mumbai: Tata Capital, the financial services arm of the Tata Group, will hit the capital markets with its initial public offering (IPO) from October 6-8, with anchor bidding slated for October 3. The largest IPO of 2025 is expected to raise about Rs 15512, valuing the Non-banking finance company at Rs 1.31-1.38 lakh crore based on the price band between Rs 310-326 a share. This would be the biggest IPO of 2025 so far and among the largest in India, following Hyundai Motor India, LIC, and One9 ...Read More >
Mumbai, Sep 29 (PTI) Non-banking financial company Tata Capital has set the price band for its much-awaited Rs 15,512 crore Initial Public Offering (IPO) at Rs 310-326 per share, making it the largest issue of the year. At the top end of the band, the NBFC commands a valuation of about Rs 1.38 lakh crore. The maiden public offering will open for subscription on October 6 and close on October 8, with the anchor book bidding scheduled for October 3, according to a public announcement. The IPO, ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) Tata Capital's initial public offering (IPO) has set its price band at Rs 310-326 per share, a move that has come as a disappointment for investors who had earlier bought its shares in the unlisted market at significantly higher prices. At its peak, Tata Capital's unlisted stock had traded at around Rs 1,125. Compared to this, the IPO's upper band of Rs 326 represents a steep 71 per cent erosion in value for those early buyers. Even at yesterday's levels, the ...Read More >
Mumbai: Tata Capital has announced the price band for its upcoming IPO (Initial Public Offering), which is set between Rs 310 and Rs 326 per equity share. Each share has a face value of Rs 10. This IPO is an important step for the company as it works to meet regulatory requirements and raise funds for future growth. IPO Dates and Subscription Details The Tata Capital IPO will open for public subscription on Monday, October 6, and close on Wednesday, October 8. The anchor investor portion will ...Read More >
New Delhi, Sep 29 (PTI) Non-banking financial company Tata Capital has set the price band for its much-awaited Rs 15,512 crore Initial Public Offering (IPO) at Rs 310-326 per share, making it the largest issue of the year. At the top end of the band, the non-banking financial company commands a valuation of about Rs 1.38 lakh crore. The maiden public offering will open for subscription on October 6 and close on October 8, with the anchor book bidding scheduled for October 3, according to a pub ...Read More >
New Delhi, Sep 27 (PTI) Independent Sugar Corporation, an Uganda-based Madhvani Group firm, has announced the completion of its acquisition of debt-ridden glass manufacturer Hindustan National Glass & Industries through the Insolvency and Bankruptcy Code process. On Friday, in a duly convened meeting of Hindustan National Glass & Industries Limited's (HNGIL) newly constituted board, the company formally recorded the conclusion of this transition, clearing the way for Independent Sugar Corporati ...Read More >
New Delhi: Non-banking financial company Tata Capital is set to launch its initial public offering (IPO) on October 6, with people familiar with the matter pegging the issue size at an estimated USD 2 billion (Rs 17,200 crore)."The bid/offer opens on Monday, October 6, 2025, and closes on Wednesday, October 8, 2025. The anchor investor bidding date shall be Friday, October 3, 2025," according to a disclosure made to the stock exchanges. The company is eyeing a valuation of around USD 18 billion ...Read More >
The fund will support purchase and operations of 1,455 e-buses, which will be deployed across Maharashtra, Assam, and Gujarat JBM Ecolife Mobility, a subsidiary of JBM Auto, on Thursday said it has secured a $100 million long-term capital investment from the International Finance Corporation (IFC) to support the purchase and operations of 1,455 electric buses. The buses will be deployed across cities in Maharashtra, Assam and Gujarat. Nishant Arya, Vice Chairman and Managing Director, JBM Auto ...Read More >
Indian markets saw gains on Friday. Britannia Industries is focusing on localized strategies. Hyundai aims for growth through domestic sales and exports. Alembic Pharma received US FDA EIR. Diamond Power secured a Rs 236 crore order from Adani Energy. GMR Airports reported a passenger traffic decline. RailTel received a Rs 209 crore order. Markets extended their winning streak on Friday, gaining nearly half a percent, in line with favorable global and domestic cues. In today's trade, shares of ...Read More >
Apollo Hospitals Enterprise Ltd will acquire International Finance Corporation's 31% stake in Apollo Health and Lifestyle Ltd for ₹1,254.07 crore, making AHLL a wholly-owned subsidiary. This move aims to consolidate ownership, improve operational efficiencies, and enable better integration with diagnostic services. Additionally, a comprehensive oncology facility will be established in Gurugram with an investment of ₹573 crore. Healthcare chain Apollo Hospitals Entreprise Ltd on Friday said i ...Read More >
New Delhi, Sep 12 (PTI) Healthcare chain Apollo Hospitals Entreprise Ltd on Friday said it will acquire 31 per cent stake held by International Finance Corporation in its arm Apollo Health and Lifestyle Ltd for Rs 1,254.07 crore. The company's board at its meeting held on Friday, approved execution of definitive share purchase agreements for the acquisition of a little over 41.65 crore equity shares aggregating to a 30.58 per cent equity stake held jointly by the International Finance Corporati ...Read More >
BusinessWire India Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV's exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as o ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV's exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most susta ...Read More >
Hyderabad (Telangana) [India], August 4: Rx Propellant, an Actis platform, is proud to announce that 1GV, its flagship life sciences campus located in Genome Valley, Hyderabad, has been awarded the prestigious EDGE Advanced Certification by the International Finance Corporation (IFC), a member of the World Bank Group. This recognition highlights 1GV exceptional performance in energy efficiency, water conservation, and use of low-carbon materials--cementing its position as one of the most sustain ...Read More >
The International Finance Corporation (IFC) is investing $20 million in Transvolt Mobility, marking its first equity investment in an electric vehicle fleet platform. This investment aims to help Transvolt expand its fleet to 3,500 vehicles, creating 8,200 jobs over the next five years. It also supports India's clean mobility goals by deploying heavy commercial EVs across various sectors. International Finance Corporation (IFC) will provide $20 million equity investment in Transvolt Mobility, m ...Read More >
Chennai : TVS Industrial & Logistics Parks (TVS ILP), India's pioneering developer of Grade A warehousing and industrial infrastructure, marked a major milestone today with the successful listing of its Infrastructure Investment Trust (InvIT) -- TVS Infrastructure Trust -- on the National Stock Exchange (NSE). Speaking at the listing ceremony, Ravi Swaminathan, Founder & Vice Chairman, TVS Industrial & Logistics Parks Private Limited said: "Today is a momentous day for our Infrastructure Invest ...Read More >
New Delhi: Tata Group's main holding company Tata Sons holds a 93% stake in its financial services company Tata Capital. The value of this stake is now estimated at around Rs 98,178 crore (ie about $ 11.4 billion). This value of Tata Capital has been derived on the basis of the rights issue held in March, in which the price per share was kept at Rs 281. Tata Capital's FY25 annual report states its total equity value as Rs 1.05 lakh crore, on the basis of which it is ranked eighth among India's t ...Read More >
TVS Industrial & Logistics Parks (TVS ILP), a part of the TVS Mobility Group and a joint venture between TVS Supply Chain Solutions (TVS SCS) and Ravi Swaminathan & Family, has listed its Infrastructure Investment Trust (InvIT) -- TVS Infrastructure Trust -- on the National Stock Exchange (NSE). The company develops Grade A warehousing and industrial infrastructure. This initiative is backed by marquee global and domestic investors, including the International Finance Corporation (IFC), a membe ...Read More >
NEW DELHI: The Enforcement Directorate (ED) on Thursday announced the provisional attachment of assets worth approximately ₹131.45 crore in Spain, including a luxury yacht and immovable properties, under the Prevention of Money Laundering Act (PMLA). These assets belong to Pavel Prozorov, a Spanish national and the alleged mastermind behind the unauthorised forex trading platform OctaFX. The attached assets comprise a commercial Italian-model luxury yacht cruising in the Western Mediterranean, ...Read More >
Hyderabad, July 3 (UNI) Coal India Ltd., The Singareni Collieries Company Limited (SCCL) and Heartfulness today entered a landmark MoUs towards responsible restoration of closed mines and sustainable livelihoods. This is a landmark collaboration dedicated to sustainability and environmental transformation through innovative practices. Union Coal Minister G. Kishan Reddy graced the two MoUs signing event held at Kanha Shanti Vanam - the headquarters of Heartfulness, in the outskirts of Hyderaba ...Read More >
New Delhi, Jun 26 (PTI) Singapore-based Cube Mobility Investments on Thursday divested a 3.62 per cent unitholding in Cube Highways Trust for Rs 615 crore through open market transactions. As per the bulk deal data on the BSE and NSE, Cube Mobility Investments Pte sold more than 2.81 crore units of Cube Highways Trust (Cube InvIT) on the BSE and it offloaded 2.01 crore units on the NSE, representing a combined 3.62 per cent unitholding in Cube InvIT . Also Read | What Are the New Metro Compens ...Read More >
New Delhi, Jun 26 (PTI) Singapore-based Cube Mobility Investments on Thursday divested a 3.62 per cent unitholding in Cube Highways Trust for Rs 615 crore through open market transactions. As per the bulk deal data on the BSE and NSE, Cube Mobility Investments Pte sold more than 2.81 crore units of Cube Highways Trust (Cube InvIT) on the BSE and it offloaded 2.01 crore units on the NSE, representing a combined 3.62 per cent unitholding in Cube InvIT . The units were sold at an average price of ...Read More >
New Delhi, Dec 13 (PTI) Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to institutional investors through QIP issue mainly to reduce debt. In a regulatory filing on Friday, the company said it has successfully completed a capital raise of Rs 3,500 crore through a qualified institutional placement (QIP) of units. The issue was launched on December 9. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for December 13, 2024 Declared, Check Winning Numbers a ...Read More >
New Delhi, Dec 13 (PTI) Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to institutional investors through QIP issue mainly to reduce debt. In a regulatory filing on Friday, the company said it has successfully completed a capital raise of Rs 3,500 crore through a qualified institutional placement (QIP) of units. The issue was launched on December 9. The issue saw strong demand from long-term investors including a mix offerings from institutions, mutual funds, and ...Read More >
Brookfield India Real Estate Trust's Rs 2,800- crore QIP has drawn interest from institutional investors such as India's biggest insurer Life Insurance Corporation of India (LIC), World Bank arm IFC and mutual funds such as ICICI Prudential MF and SBI MF, sources told Moneycontrol. The Canadian investment firm Brookfield-backed firm's QIP, with a base issue size of Rs 2,800 crore, saw a 2x demand from investors, the sources said. "This is the first time LIC and IFC have invested in a REIT in I ...Read More >
Vastu Housing has raised $100 million from the global consumer internet group Prosus. The Amsterdam-based investor has acquired an 8.4% stake (7.8% fully diluted) in the home finance company. Vastu Housing Finance is a prominent player in the affordable housing finance sector, focusing on underserved communities. In September, Vastu received a $50 million loan from the United States International Development Finance Corporation (USDFC). Housing finance companies have attracted significant fund ...Read More >
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