FUNDS
Major Adani investor GQG shares fall 13% after analyst downgrade
Shares of GQG Partners dropped 13% after UBS analysts downgraded the stock, following an estimated loss of A$600 million in funds under management due to Adani Group's indictment. UBS revised its rating from buy to neutral and reduced the price target to A$2.30 from A$3.30.
Block deal alert: BofA, Goldman Sachs, others buy shares worth Rs 1,100 crore in Home First Finance
Home First Finance witnessed a block deal on Monday, with shares worth Rs 1,100 crore being sold by promoter entities. Buyers included foreign institutional investors like BofA Securities Europe, Goldman Sachs, Citigroup, Norges Bank, and Prudential Hong Kong, along with domestic investor HDFC MF. The shares were sold at around Rs 990 apiece.
Promoters Samina and Rumana Hamied exit Cipla; sell 1.72 pc stake for Rs 2,111 crore
Samina Hamied and Rumana Hamied, promoters of drug major Cipla, on Monday exited the pharmaceutical company by selling their 1.72 per cent stake for Rs 2,111 crore through open market transactions. Singapore government, Societe Generale, Abu Dhabi Investment Authority, BNP Paribas, BofA Securities, Citigroup, Morgan Stanley, Goldman Sachs, Norges Bank, UBS, and Copthall Mauritius bought stakes in Cipla.
EPFO invests Rs 34,208 cr in ETFs during Apr-Oct
Retirement fund body EPFO has invested Rs 34,207.93 crore in exchange traded funds (ETFs) during the April-October period this fiscal year, Parliament was informed on Monday. According to a written reply to Lok Sabha by Minister of State for Labour & Employment Shobha Karandlaje, the Employees' Provident Fund Organisation (EPFO) had invested Rs 57,184.24 crore in the ETFs.
Japan's Nikkei erases losses to end higher on GPIF's stock allocation bets
Japan's Nikkei share average reversed course to end higher on Monday, as investors scooped up equities on optimism that the nation's largest pension fund GPIF may boost its holdings in stocks.
Vi's capex will depend on ability to raise more funds, says Fitch.
Vodafone Idea (Vi) plans to increase capital expenditure on its network to stay competitive with larger rivals Reliance Jio and Bharti Airtel, but its ability to invest will depend on raising additional capital, according to Fitch Ratings.
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Zomato bags Rs 8,500 crore via QIP, Motilal Oswal puts in Rs 1,700 crore
Zomato has raised ?8,500 crore through a qualified institutional placement priced at ?252.62 per share. Domestic investors including Motilal Oswal, ICICI Prudential, and HDFC Mutual Fund participated. The funds will be used to expand Zomato's quick commerce business, Blinkit, and for advertising and marketing purposes. Blinkit aims to increase its dark stores to 2,000 by 2026.
True North, two others to sell stakes worth Rs 1,267 crore in Home First Finance: Report
Home First Finance promoters are likely to sell a 14.7% stake via a block deal on Monday. The floor price is set at Rs 968, an 8% discount to the current market price. Kotak and Nomura are the brokers for the deal.
Canara Bank to list mutual fund, insurance arms early next fiscal
Canara Bank's two subsidiaries, Canara Robeco Asset Management and Canara HSBC Life Insurance, are set to launch IPOs in the first half of FY26. The government has granted approval for Canara Bank to hold more than 30% stake in these subsidiaries post-IPO.
Zomato closes QIP, Motilal Oswal, ICICI Pru and HDFC Mutual Fund lead
Zomato QIP which opened on November 25 saw participation from a clutch of domestic investors like Motilal Oswal, ICICI Prudential, and HDFC Mutual Fund, among others. Motilal Oswal took a significant 21% share of the QIP investing around Rs 1,751 crore. ICICI Prudential followed with a 13% stake at around Rs 1,074 crore , HDFC acquired 9% at about Rs 730 crore, and Kotak 6% at Rs 500 crore.
Zomato completes Rs 8,500 crore QIP at Rs 252.62 per share
Zomato raised Rs 8,500 crore via QIP, allocating 33.65 crore shares. Funds will support Blinkit expansion, dark stores, and marketing. CEO Goyal waives salary until 2026.
Nazara Tech shares in focus after raising Rs 855 crore via preferential issue to fuel expansion
Nazara Technologies' shares are in focus after raising Rs 855 crore ($100 million) through a preferential issue of 8.9 million equity shares. SBI Mutual Fund led the funding with a Rs 220 crore investment. Other notable investors include Junomoneta Finsol, Think Investments, CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, and others.
Global funds find bright spots in India despite equity outflows
Overseas investors are identifying opportunities in India despite significant outflows. Notable inflows have been seen in industrials, healthcare, and telecommunication stocks. Prime Minister Modi¡¯s push for manufacturing and increases in telecom prices are contributing factors. Financial stocks have been less attractive due to narrowing margins and asset quality concerns. Overall market trends indicate sector-specific investments are prominent.
Warewitt Investment Trust to raise Rs 500 crore warehousing fund
Warewitt Investment Trust has received SEBI approval for its Rs 500 crore Category II AIF focused on industrial and warehousing sectors. The fund aims to leverage the growth potential in Tier II and Tier III cities.
Mirae Asset Financial Group completes acquisition of Sharekhan
Mirae Asset has completed the acquisition of Sharekhan. This will enable Sharekhan to leverage Mirae Asset's global expertise to enhance its offerings and expand its reach. The acquisition aligns with Mirae Asset's vision of establishing a strong presence in India's retail brokerage market.
Pakistan's benchmark share index crosses 1,00,000 mark for the first time
Pakistan's stock market soared past 100,000 points for the first time, fueled by a $7 billion IMF bailout and improved economic stability. Inflation and interest rates have dropped faster than anticipated, boosting liquidity. Despite a recent 60% surge this year, the market's price-to-earnings ratio remains below its historical average, suggesting potential for further growth.
Regulator asks fund houses, PMS cos to disclose more about 'dodgy' investors
The market intermediaries will have to submit the data, along with a slew of other information, to the regulator by November 30, an official with a large asset manager told ET.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets rebounded on Wednesday, driven by foreign fund inflows and buying in energy, commodities, and PSE sectors. The Nifty is consolidating between 24,100 and 24,420. A decisive move above 24,420 could trigger a further rally. The upcoming November derivatives expiry could influence market direction.
Godrej Properties launches QIP to raise up to Rs 6,000 cr
Godrej Properties on Wednesday launched its qualified institutional placement (QIP) to sell equity shares to investors for raising up to Rs 6,000 crore to fund its growth plan. Last month, the company's board approved raising of up to Rs 6,000 crore through the issue of securities.
Niyogin Fintech shares zoom over 12% after Morgan Stanley acquires stake via block deal
On Tuesday, the stock surged 15% to hit a high of Rs 63.60 before closing at Rs 62.20. Niyogin Fintech has a market capitalization of Rs 591.87 crore.
Angel One shares in focus after subsidiary secures Sebi license for mutual fund business
Shares of Angel One are expected to remain in the spotlight after the company announced on Tuesday that its wholly-owned subsidiary, Angel One Asset Management Company, received approval from the Securities and Exchange Board of India (SEBI) to manage Angel One Mutual Fund.
Emerging markets, caught between economic giants, face tough 2025, JPMorgan says
JPMorgan predicts a challenging 2025 for emerging markets due to U.S. policy shifts and uncertain China growth. Slower growth, significant bond fund outflows, and a stronger dollar are anticipated, impacting emerging market fixed income returns. Emerging markets face choppy waters but are battle-hardened.
Edelweiss Financial shares jump over 1% on plans to sell minority stake in MF arm
Edelweiss Financial share price: Edelweiss Financial Services' shares rose after the company announced plans to sell a minority stake in its mutual fund business. The firm aims to divest 25-35% for a $600 million valuation, seeking a strategic partner. While appointing an advisor, Edelweiss clarified its commitment to enhancing shareholder value through stake sales or listings, echoing previous statements about value unlocking.
Adani shock exposes ESG fund managers clinging to ¡®terrible¡¯ bet
ESG funds, despite charging higher fees for supposedly rigorous screening, face scrutiny for holding shares of Adani Green Energy. This comes after US prosecutors charged Gautam Adani with bribery, alleging a scheme to secure solar energy contracts. Critics argue that the situation exposes flaws in ESG assessments, particularly concerning governance in emerging markets.
Your ¡®SIP sahi hai¡¯ mantra translates to ¡®QIP sahi hai¡¯ for India Inc promoters
Indian companies have raised a record Rs 97,000 crore this year through qualified institutional placements (QIPs), capitalizing on strong domestic market flows and sustained mutual fund SIP inflows. Promoters are taking advantage of high valuations to raise capital, even as some analysts warn of a potential market correction.
Maximize alpha, minimize volatility: Smart beta ETFs for today¡¯s market
Smart beta investing combines the benefits of active and passive strategies. The Nifty Alpha Low Volatility 30 Index focuses on stocks with high alpha and low volatility, offering stability during market downturns. The Nifty Alpha Low Volatility 30 ETF tracks this index, providing investors with a diversified, growth-oriented portfolio while minimizing market volatility. This ETF is suitable for investors seeking long-term stability and returns.
China funds cut ETF fees, escalating price war in booming market
Major Chinese fund companies slashed fees for equity exchange-traded funds (ETFs), aiming to attract investors and boost the burgeoning $400 billion sector. This move follows a pledge by China's top securities regulator to promote index investment and fee reform.
Rs 552-crore block deal in MedPlus Health
Shares of Medplus Health Services rose 2.1% to close at ?719 on Monday. In last one month, the company's shares have moved up 5.46% while the BSE 500 Index fell 6.58%.
Premji Invest, SBI Mutual Fund sell 6.6 pc stake in MedPlus Health for Rs 552 crore
Billionaire Azim Premji's PE firm Premji Invest, through its arm PI Opportunities Fund - I, sold 68.93 lakh shares or 5.77 per cent stake in MedPlus Health Services and exited the firm, according to the block deal data on the National Stock Exchange (NSE).
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