13 Jun 2025

Global asset manager Blackstone has received approval from India's Competition Commission to invest INR 1,167 crore in Kolte-Patil Developers through its affiliate BREP Asia III India Holding Co VII. The investment includes a preferential issue of over 12.6 million shares worth INR 417 crore and a secondary purchase of promoter holdings valued at INR 750 crore, securing an initial 40% stake. A voluntary open offer may increase Blackstone's holding to 66%. As part of the deal, Blackstone will be reclassified as a promoter and share control with Kolte-Patil's current leadership. This marks Blackstone's formal entry into India's residential real estate sector, expanding its existing INR 50 billion portfolio in office, retail, logistics, hospitality, and data centres. Kolte-Patil recently reported a Q4 net profit of INR 66 crore on INR 723 crore in revenue. The partnership is seen as a strategic step that could reshape residential real estate investment dynamics in India.Read more

13 Jun 2025

SEBI has introduced a three-month settlement window for stock brokers involved in potential algorithmic trading violations. This applies to brokers who used third-party algo tools without approval or allowed client-side execution in breach of regulations. To qualify, brokers must admit default and pay penalties, with exclusions for those with prior SEBI penalties or ongoing cases. The move supports SEBI's ongoing efforts to regulate tech-driven trading and enforce stronger compliance standards. In a separate directive, SEBI has mandated that all legacy Venture Capital Funds (VCFs) transition to the Alternative Investment Fund (AIF) framework by mid-2025. A one-year grace period has been allowed for liquidation of expired schemes, after which no extensions will be granted. The AIF structure, introduced in 2012, offers enhanced oversight and transparency, and is now considered essential for managing India's evolving investment ecosystem.Read more

12 Jun 2025

Reliance Infrastructure is ambitiously expanding its defence division, focusing on aircraft upgrade programmes that could unlock an INR 5,000 crore opportunity in the coming 7 to 10 years. As the first private Indian firm to independently execute comprehensive aircraft upgrades without original manufacturer involvement, the company has already upgraded 55 Dornier-228 planes under a contract with Hindustan Aeronautics Ltd, collaborating with US avionics specialist Genesys. The upgraded aircraft now serve the Indian Air Force, Navy, and Coast Guard. With the global military aircraft upgrade market growing rapidly and India's ageing fleet demanding modernisation, Reliance's strategic move aligns with 'Atmanirbhar Bharat' and positions it strongly in a lucrative, evolving sector.Read more

12 Jun 2025

Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd, has successfully crossed the INR 1,000 crore milestone in disbursements from non-southern markets during the latest financial year. Traditionally strong in South India, the company has expanded its reach into Maharashtra, Rajasthan, Madhya Pradesh, and Chhattisgarh, with non-south markets now contributing about 20% of total disbursements. This growth is driven by branch expansions, staff increases, and targeted focus on emerging Tier II and III towns outside the southern region. The company anticipates further growth in these regions, projecting INR 1,500 crore in disbursements in the ongoing financial year.Read more

12 Jun 2025

Mysuru City Corporation (MCC) has collected over INR 150 crore in property tax within just the first two months of FY 2025-26, achieving 63% of its annual target of INR 237 crore. The boost came from a 5% rebate scheme incentivising early taxpayers, which remains active until the end of June. With 1.95 lakh revenue-generating properties across 65 wards, MCC's strategic drive is expected to significantly enhance civic infrastructure and financial planning in the months ahead.Read more

12 Jun 2025

The Pimpri Chinchwad Municipal Corporation (PCMC) successfully listed its INR 200 crore Green Bonds on the BSE last week, marking Maharashtra's first such municipal green bond and India's fourth. The issuance received an overwhelming investor response, being oversubscribed 5.13 times, and is aimed at funding the Harit Setu infrastructure project. This strategic initiative is part of a 12-year master plan to enhance urban transport and sustainable road networks. The listing event saw participation from key state leadership, underlining the importance of this milestone.Read more

12 Jun 2025

The Wealth Company Asset Management Pvt Ltd, a subsidiary of Pantomath Group, has rolled out the Bharat Bhoomi Fund with a corpus of INR 2,000 crore, aimed at India's real estate sector. Structured as a Category II AIF under the Bharat Value Fund Series, the initiative combines seasoned leadership, a strong pipeline, and a diversified strategy. Targeting key sectors such as warehousing, hospitality, data centres, and plotted developments, the fund aims to deliver results across high-growth urban markets, capitalising on India's expanding digital and green infrastructure.Read more

11 Jun 2025

The Ayodhya district administration has revised circle rates for the first time in eight years, with property values rising by 30% to 200% across various localities. The sharpest hikes are seen within a 10-km radius of the Ram Janmabhoomi Temple, where rates have increased over 150%, reflecting growing demand driven by religious tourism and infrastructure projects. Localities like Rakaabganj, Devkali, and Avadh Vihar now rank among the most expensive in the district. The revised rates-ranging from INR 26,600 to INR 27,900 per sq. metre in temple zones-are based on land usage and transaction history. Officials say the update improves transparency and aligns with market trends. The change also affects stamp duty, loan appraisals, and compensation in land acquisition cases. With ongoing developments including roads, hotels, and an international airport, Ayodhya is emerging as a key real estate and pilgrimage hub.Read more

11 Jun 2025

IRB Infrastructure posted a near 9% rise in toll revenue for May 2025, reaching INR 581 crore, compared to INR 536 crore in the same period last year. The company's largest toll projects, including the IRB MP Expressway in Maharashtra, Golconda Expressway near Hyderabad, and Ahmedabad Vadodara Super Express Tollway, contributed significantly to this growth. The addition of the Lalitpur Lakhnadon NH44 TOT-12 project also helped boost collections. The company attributed the growth primarily to the holiday season and a surge in new commercial and passenger vehicles. IRB remains India's largest private toll road developer, managing assets worth over INR 80,000 crore across 12 states.Read more

11 Jun 2025

The National Highways Authority of India (NHAI) has announced plans to introduce a public Infrastructure Investment Trust (InvIT), aimed at expanding its investor base by including retail investors alongside institutional players. This initiative follows NHAI's earlier success with a private InvIT that monetised over 2,300 km of highways. NHAI intends to offer three Toll-Operate-Transfer (ToT) bundles quarterly of varying sizes and hold one to two InvIT phases annually, adapting bundle sizes based on market conditions. The move seeks to attract expertise-driven institutional investors and provide broader access to infrastructure assets, under a regulated framework governed by SEBI.Read more