19 Dec 2025

Bill Ackman-backed Howard Hughes Holdings has announced an agreement to acquire specialty insurance firm Vantage Group Holdings for about USD 2.1 billion, marking a significant step in its diversification beyond real estate development. The transaction will be funded through a mix of cash and financing support of up to USD 1 billion from Pershing Square, controlled by Ackman. The acquisition aligns with the company's strategy of building a diversified holding platform, with insurance seen as a long-term capital compounding business. The deal is expected to close next year, subject to customary approvals, and reflects Howard Hughes shift towards acquiring controlling stakes in businesses outside property development.Read more

19 Dec 2025

State-owned power major NTPC has drawn up a long-term roadmap to expand its installed capacity to 244 GW by 2037, requiring an estimated capital expenditure of INR 7 lakh crore. The company, which currently meets nearly one-fourth of India's electricity demand, is pursuing growth across conventional and renewable segments. Its group-level operational capacity has crossed 85,000 MW following recent solar additions in Gujarat and Rajasthan. With around 32 GW already under construction, NTPC is targeting 149 GW by 2032. Future investments will span energy storage, pumped storage, nuclear power, green hydrogen and related chemical businesses.Read more

19 Dec 2025

Asset reconstruction companies (ARCs) in India are set to nearly double recoveries from stressed highway projects by fiscal 2027, potentially exceeding 120 per cent of the security receipts issued. Projects that were stressed between FY17 and FY19 are now becoming viable due to debt haircuts, higher traffic growth, improved toll collections, and timely annuity payments from NHAI. Legal mechanisms such as arbitration and conciliation are aiding faster dispute resolution, especially for terminated projects. These developments reflect a strengthening recovery environment for highway assets under the build-operate-transfer model.Read more

19 Dec 2025

ACME Solar Holdings has raised INR 4,725 crore from Indian financial institutions to fund renewable energy projects and reduce financing costs. The funding includes long-term greenfield financing and refinancing with tenors of up to 20 years. Key transactions include support for FDRE and solar-plus-storage projects, along with refinancing of an operational solar asset that lowers interest costs. The company has secured over INR 10,500 crore in greenfield financing this financial year, covering most PPAs under construction, while continuing to rebalance its debt structure.Read more

18 Dec 2025

The Government of India has initiated an Offer for Sale (OFS) to divest up to 3% of its equity in Indian Overseas Bank, aiming to raise around INR 2,000 crore. The sale includes a base offer of 2% with an option to sell an additional 1% depending on demand. Shares are being offered at a floor price of INR 34 each. The move is part of efforts to improve public shareholding levels and enhance market liquidity in the state-owned lender.Read more

17 Dec 2025

ICICI Prudential Asset Management's initial public offering has drawn bids totaling INR 3 trillion (USD 33 billion), making it the fourth most subscribed IPO in India’s history. The USD 1.2 billion share sale follows major IPOs such as Reliance Power, LG Electronics India, and Bajaj Housing Finance. The strong interest reflects confidence in ICICI Prudential AMC’s market position and the growth potential of India’s mutual fund industry. This IPO also contributed to a record fundraising momentum in the country, alongside other financial firms like Groww, HDB Financial Services, and Tata Capital entering the market.Read more

17 Dec 2025

Indian government bonds advanced as traders prepared for the Reserve Bank of India’s upcoming bond purchase, expected to include both liquid and former benchmark securities. The benchmark 10-year yield fell to 6.5745% from 6.5931% previously. Following the RBI’s rate cut earlier this month, bond yields faced upward pressure due to expectations that the easing cycle has concluded. The central bank’s bond-buying program has reached record levels this financial year, while foreign investors have reduced exposure, selling over USD 1 billion. Analysts view the current yields as attractive for initiating fresh positions, especially in ultra-long bonds.Read more

16 Dec 2025

Aditya Birla Housing Finance has launched Pragati Home Loan to expand access to affordable housing finance for low- and middle-income borrowers across India. The product is designed for salaried and self-employed customers, including those with informal income or limited documentation. Pragati Home Loan supports multiple housing needs such as home purchases, construction, resale, extensions and improvements. With loan tenures of up to 30 years and financing of up to 90 per cent of property value, the offering aims to reduce upfront and monthly repayment pressures. Digital onboarding, transparent tracking and doorstep assistance further simplify the loan process, reinforcing the company's focus on financial inclusion and first-time homebuyers.Read more

16 Dec 2025

360 One Asset has raised INR 2,300 crore for its real estate-focused Category II alternative investment fund in just four months, reflecting strong investor interest in income-generating real assets. A large part of the capital has already been deployed across infrastructure-linked platforms and commercial real estate assets, with the remaining amount to be invested in the coming months. Key investments include platforms such as Knowledge Realty Trust, Vertis Infra Trust, Maple Infrastructure Trust and Brookfield-backed Bluegrass Business Park. The fund focuses on stable, operational assets that offer predictable cash flows and long-term value. The rapid fundraising and early deployment highlight growing confidence in real estate and infrastructure as resilient investment avenues.Read more

16 Dec 2025

Mahanagar Telephone Nigam Ltd has received board approval to sell its residential property block in Mumbai's Bandra Kurla Complex to NABARD for INR 350.72 crore through a government-to-government transaction. The asset, known as GN Block BKC Quarters, comprises 28 residential units spread over a prime plot in one of the city's most sought-after commercial districts. The sale forms part of MTNL's ongoing non-core asset monetisation programme approved by the government. NABARD will bear stamp duty and registration costs, while MTNL will clear prior dues. The transaction is expected to support MTNL's financial restructuring while unlocking value from high-potential urban real estate.Read more