State-owned Punjab National Bank on Tuesday said it has sold its entire 21 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) for Rs 34 crore.
Vishal Mega Mart promoter Samayat Services sold 90 crore shares worth 10,220 crore via block deals. SBI MF, HDFC MF, and Kotak MF acquired over 3,600 crore worth. The shares were sold at a 9% discount to market price.
Three firms Sunshine Pictures, M&B Engineering, and Lumino Industries have secured Sebi approval to raise over Rs 1,650 crore via IPOs. Proceeds will be used for debt repayment, working capital, capex, and corporate needs, with mixed fresh issues and OFS components across all three companies.
IFC has committed $60 million to Motilal Oswals India Business Excellence Fund V G to support 1216 mid-sized companies, boost rural growth, and promote womens workforce inclusion. A $60 million co-investment envelope will allow IFC to back specific deals.
Zerodha has unveiled a support initiative to help investors convert old physical share certificates into demat format. The program aids even non-customers, addressing legacy investments, especially inherited ones, amid Sebis strict dematerialisation regulations and rising second-generation inquiries.
