07 Oct 2025

Sobha Ltd recorded a 61% jump in its second-quarter sales bookings, reaching INR 1,902.6 crore, reflecting higher demand for its residential properties. Bengaluru contributed nearly 70% of sales, led by the Sobha Town Park project, while Delhi-NCR and Kerala regions also added substantial value, supported by festive season demand. For the first half of the fiscal year, Sobha achieved its best-ever H1 performance with sales of INR 3,981.4 crore. Despite declining housing sales volumes in major cities, leading branded developers like Sobha are capturing market share from smaller, unorganized players.Read more

07 Oct 2025

Niti Aayog has proposed a presumptive taxation scheme for foreign companies to provide clarity, simplify compliance, and safeguard government revenue. The think tank highlighted that unclear rules on permanent establishments (PE) create tax uncertainty and could affect investment inflows. The scheme allows companies to declare income at a prescribed rate without maintaining detailed books of account, with sector-specific rates and an option to file regular returns if actual profits are lower. The reform is aimed at aligning India's tax policy with its economic vision and improving its global business standing.Read more

07 Oct 2025

Steel Exchange India has secured a refinancing facility of INR 350 crore from a consortium of financial institutions, including Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited, and Kotak Credit Opportunities Fund. INR 150 crore has already been used to prepay high-cost NCDs and a term loan, while the remaining INR 200 crore is set to acquire outstanding NCDs, pending approvals. The company expects the refinancing to ease interest costs, improve cash flows, and provide financial flexibility to support long-term growth. Steel Exchange India operates an integrated steel and power plant near Visakhapatnam.Read more

07 Oct 2025

Canara Robeco Asset Management Company has set a price band of INR 253-266 per share for its upcoming IPO, targeting a valuation of INR 53.05 billion ($597.9 million) at the upper end, according to Reuters calculations. The IPO, opening for retail investors on October 9 and for anchor investors on October 8, will close on October 13, with the stock expected to list around October 16. A joint venture between Canara Bank and ORIX Corporation Europe, the firm manages over INR 1 trillion in assets. The IPO will be a pure offer for sale of 49.8 million shares, with Canara Bank and ORIX reducing their stakes by 13% and 12%, respectively.Read more

07 Oct 2025

Anantam Highways Trust, backed by Alpha Alternatives, is raising INR 400 crores through an IPO to strengthen its INR 5,000-crore portfolio of road assets. The trust currently owns seven hybrid annuity model road projects built by Dilip Buildcon with 13 years of concession life left. With a right-of-first-offer agreement for 11 additional projects, assets from the Build India Infrastructure Fund worth INR 4,500 crores, and potential third-party deals, the trust has clear expansion prospects. IPO proceeds will be used for deleveraging, lowering its leverage ratio to 42 percent.Read more

06 Oct 2025

Eldeco Infrastructure and Properties Ltd has submitted draft papers to SEBI seeking approval for an initial public offering (IPO) of INR 1,000 crore. The public issue will include a fresh issue of shares worth INR 800 crore and an offer for sale (OFS) of up to INR 200 crore by its promoters. A portion of the proceeds will be used to repay borrowings of its subsidiary, Eldeco Infracon Realtors Ltd, while the balance will go towards general corporate purposes. With a strong regional footprint and growing revenue, the company is preparing for its next phase of expansion.Read more

06 Oct 2025

Infra.Market, an online marketplace for construction materials, has filed for an IPO worth between INR 4,500 crore and INR 5,500 crore using SEBI's confidential route. The public offering will be equally divided between a fresh issue of shares and an offer-for-sale by existing investors. Founded in 2016, the company supplies materials like concrete, steel, plywood, and electrical appliances to developers and contractors. Recently, it raised INR 732 crore from promoters and investors, valuing the business at around USD 2.8 billion. Infra.Market ended FY25 with revenue of INR 18,000 crore and net profit of INR 300 crore.Read more

06 Oct 2025

WeWork India Management Ltd's IPO opened with a 4 per cent subscription on the first day, receiving bids for 11.1 lakh shares against 2.54 crore shares on offer. Retail investors subscribed 14 per cent, while qualified institutional and non-institutional categories saw minimal participation at 2 per cent each. The Rs 3,000-crore offer for sale, entirely by existing shareholders including Embassy Buildcon LLP and WeWork Global's Ariel Way Tenant Ltd, is intended to enhance visibility, provide liquidity to shareholders, and establish a public market for WeWork India shares without raising funds for the company.Read more

06 Oct 2025

Tata Capital has fixed the price band for its upcoming initial public offering (IPO) at INR 310-326 per share, nearly 5% lower than its recent rights issue price of INR 343. The move aims to attract wider retail participation while balancing institutional interest. The IPO, expected to raise up to INR 15,512 crore, will be the largest issue of the year. Proceeds will strengthen the company's Tier-1 capital base and fund future lending growth. This marks the Tata Group's second listing in recent years after Tata Technologies.Read more

06 Oct 2025

India's markets regulator, the Securities and Exchange Board of India (SEBI), clarified that it is not planning to bring family offices under its regulatory oversight. The statement came after a Bloomberg report suggested that SEBI was considering requiring family offices to disclose their entities, assets, and investment returns, and potentially creating a separate regulatory category for them. SEBI stated that these media reports are factually incorrect and confirmed that it is not examining or pursuing the matter at present.Read more