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Promoters, PE firms, and strategic investors offloaded over Rs 1 lakh crore in Indian shares. This selling trend, driven by attractive valuations and strategic reasons, was absorbed by strong institutional demand, particularly from domestic mutual funds. Experts emphasize understanding the motivations behind divestments to assess market health.
Non-bank financial institutions are poised to accelerate their IPO plans, driven by favorable regulatory changes, reduced interest rates, and improving credit cycles. Several NBFCs, having already secured SEBI approvals, are expected to expedite their listing procedures.
ICICI Bank plans to increase its stake in ICICI Prudential AMC by up to 2% to maintain majority control amidst potential equity dilution from stock-based compensation. The bank's board has approved the purchase, pending regulatory approvals. Additionally, the board approved granting voting rights to American Depository Shares holders, subject to RBI approval and compliance with banking regulations.
India is intensifying domestic rare earth magnet production amid China's export restrictions, impacting sectors like automobiles and electronics. The government, industry, and academia are collaborating to achieve competitive pricing, with technology transfer agreements underway. This push aims to build scalable infrastructure and reduce reliance on Chinese imports, ensuring supply chain resilience during global disruptions.
Zerodha's Nithin Kamath cautions retail investors about the unlisted shares craze, highlighting significant risks like lack of price discovery and liquidity. He points to HDB Financial Services' IPO as an example where valuations crashed below unlisted trade levels, burning early investors. SEBI has also flagged unregulated platforms facilitating these transactions, warning against violations.
Life insurance companies are seeking regulatory approval from Irdai to invest a portion of their ULIP assets in gold ETFs, driven by rising gold prices and the need for portfolio diversification amid lower returns from traditional investments.
2025/06/28 14:54:36
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