E-commerce platform Meesho plans to raise ₹4,250 crore via a fresh issue for cloud infrastructure and capital expenditure, alongside an ₹1,171.2 crore offer for sale. Despite revenue growth, the company reported an increased net loss in FY25, though it narrowed in the six months to September.Read More

The IPO comprises a fresh issue of equity shares aggregating up to ₹377 crore and an OFS of 4.67 crore shares by existing investors. Axis Capital, IIFL Capital Services, and Nomura Financial Advisory are the book-running lead managers to the issue.Read More

Bank of Maharashtra’s offer for sale saw robust investor demand on its opening day, with bids exceeding 400% of the base issue size. The government will now exercise its green-shoe option, expanding the total stake on offer to 6% after the strong response from non-retail investors.Read More

Bajaj Finance has sold a significant stake in Bajaj Housing Finance. The deal involved 16.66 crore shares traded at Rs 95.3 each. This transaction represents a 2.35% equity stake, valued at approximately Rs 1,890 crore. The sale occurred at a discount to the previous day’s closing price. Bajaj Housing Finance shares experienced a notable drop...Read More

Nifty Bank index is expanding to 14 stocks with Yes Bank and Union Bank of India joining. This change, mandated by Sebi, will reduce the influence of top constituents like HDFC, ICICI, and SBI. The rebalancing will occur in tranches from December to March. Passive funds tracking the index will adjust portfolios.Read More

Nomura has set a price target of 29,300 for the Nifty in 2026, projecting a nearly 13% upside. The brokerage cited calmer geopolitics, stable macros, and economic recovery as reasons for its positive outlook. Indian equities have underperformed global markets, bringing valuations in line with historical averages.Read More

IL&FS headquarters in BKC may see a 25% price increase. The NCLT allowed a valuation revision due to Mumbai’s real estate growth. Brookfield’s subsidiary Chronos must renew its performance guarantee within 30 days. This follows a dispute over the original bid terms from 2022. New valuations could reach ₹2,000-2,500 crore.Read More

The Reserve Bank of India has identified State Bank of India, HDFC Bank, and ICICI Bank as domestic systemically important banks. These institutions will continue to require additional common equity tier 1 capital ratios of 0.8%, 0.4%, and 0.2% respectively, effective from April this year.Read More

Meesho has successfully garnered Rs 2,440 crore from 125 anchor investors ahead of its IPO debut. Shares have been priced at Rs 111 each. The highly anticipated IPO kicks off on December 3 and wraps up on December 5. Analysts are optimistic about the vast opportunities within India’s burgeoning e-commerce sector, with trading set to...Read More

Vidya Wires has successfully raised Rs 90 crore from anchor investors ahead of its IPO, which opens for public subscription from December 3-5. The company’s public offering includes a fresh issue of Rs 274 crore and an Offer For Sale of Rs 26 crore. Proceeds will fund capital expenditure, debt payment, and general corporate purposes.Read More