09 Jun 2026

Housing finance lender Truhome Finance and real estate developer Veegaland Developers have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their proposed initial public offerings. Truhome Finance, backed by Warburg Pincus, plans to raise INR 3,000 crore through a combination of fresh equity issuance and an offer-for-sale, while Veegaland Developers intends to raise INR 250 crore through a fresh issue of shares. The approvals form part of a broader batch of five IPO clearances granted by the market regulator in the past week. For Truhome Finance, the listing is expected to strengthen its capital base and support future lending growth, while Veegaland’s public issue is set to provide growth capital for its real estate business. SEBI’s observations allow both companies to move ahead with their public offerings within the prescribed regulatory timeline.Read more

09 Jun 2026

Kolkata-based PPE manufacturer Mallcom India Ltd has invested more than INR 100 crore in a new manufacturing facility at Sanand, Gujarat, as part of its efforts to expand domestic production, increase localisation and reduce reliance on imports. The facility, which is the company’s 17th manufacturing unit, currently employs over 200 people and is expected to create more than 300 jobs by next year. The plant manufactures NBR and PU gloves, safety helmets and bump caps, and houses what the company describes as India’s first domestic tariff area unit for Protech PU gloves. The investment forms part of Mallcom’s broader strategy to strengthen its manufacturing footprint and support product innovation within the personal protective equipment sector.Read more

08 Jun 2026

Flexible workspace operator Incuspaze has acquired coworking firm iKeva through a 100% buyout as part of its expansion strategy amid growing demand for managed and flexible office spaces in India. While the transaction value was not disclosed, the acquisition is expected to contribute nearly INR 100 crore to Incuspaze’s annual revenue. The deal adds iKeva’s 500,000 sq ft portfolio across 18 centres in Hyderabad and Bengaluru to Incuspaze’s existing network of more than 4 million sq ft spread across over 50 locations in 18 cities. The acquisition supports the company’s target of reaching INR 1,000 crore in revenue by 2028-29 and aligns with its plans to explore an initial public offering within the next 24 to 36 months.Read more

08 Jun 2026

Bengaluru-based ISIT Office Space Solution Pvt. Ltd., a manufacturer of office and educational furniture, used its Sales Summit 2026 to outline plans for expanding its presence across India through a stronger channel partner network. Held from May 7 to 9, the event brought together company leadership and partners to review business performance, operational priorities and future growth initiatives. ISIT currently operates a 100,000 sq. ft. manufacturing facility and serves corporate and institutional clients nationwide. The company plans to onboard 25 new channel partners across cities including Bhopal, Indore, Nashik, Cochin, Trivandrum, Guwahati, Goa and Jaipur. The expansion strategy is aimed at strengthening its reach in Tier-2 markets while supporting growing demand for office and educational furniture solutions across India.Read more

07 Jun 2026

Sundaram Home Finance plans to expand its affordable housing and small-ticket lending operations by opening 25 new Emerging Business (EB) branches across South India during the current financial year. The expansion will focus on Tier 3 and Tier 4 towns in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana, reflecting the company's increasing emphasis on rural and semi-urban markets. The lender is targeting disbursements of around INR 1,000 crore in the EB segment this year, up from INR 590 crore recorded in FY26. To support the expansion, the company also plans to recruit around 300 employees. The move follows the lender crossing the milestone of 100 EB branches last year and comes amid growing demand for affordable housing finance in smaller towns across the southern states.Read more

07 Jun 2026

Home loan borrowers are closely monitoring the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, being held from June 3 to June 5, as expectations build around the future trajectory of interest rates and lending costs. While inflation has remained broadly within the central bank’s comfort range, concerns over rising global energy prices, potential weather-related disruptions and the possibility of higher food inflation continue to influence the policy outlook. At the same time, signs of moderating economic growth have added complexity to the RBI’s decision-making process. Industry stakeholders expect the central bank to maintain its current policy stance, with the meeting’s commentary likely to provide important guidance on borrowing costs, home loan EMIs and housing demand trends over the coming months.Read more

07 Jun 2026

PNB Housing Finance is set to raise up to INR 5 billion through a five-year bond issue, according to market sources. The proposed fundraising includes a base issue size of INR 4 billion and a greenshoe option of INR 1 billion. The non-convertible debentures will carry an annual coupon rate of 8.35%, with investor commitments scheduled to be sought on June 5. The issue has received AAA ratings from Care Ratings and India Ratings, indicating the highest degree of creditworthiness. The proposed bond sale comes amid continued activity in India's corporate debt market, where highly rated financial institutions are tapping investors to secure long-term funding amid evolving interest rate conditions.Read more

07 Jun 2026

• Kyro Capital has launched the Kyro India Opportunities Fund – I, a SEBI-registered Category II Alternative Investment Fund with a target corpus of INR 100 crore.
• The fund will invest in profitable growth-stage Indian companies expected to pursue initial public offerings within 24–36 months.
• Key sectors include energy and power, advanced manufacturing, aerospace and defence supply chains, and consumer and FMCG businesses.
• The fund targets a 35% internal rate of return (IRR) through pre-IPO primary investments and has a tenure of five years, extendable by two years.
• The first close is targeted for July 2026, with the platform expected to expand into additional India-focused and international investment strategies.Read more

07 Jun 2026

Inflection Point Ventures (IPV) has become one of the first investment platforms in India to provide investors access to startup deal flow from Y Combinator (YC), the Silicon Valley accelerator known for backing companies such as Airbnb, Stripe, Dropbox, Razorpay, Groww, Meesho and Zepto. Through its IPV Ultra platform, the firm will offer curated access to early-stage YC startups using the GIFT City investment framework. IPV has also announced its first investment from YC’s Winter 2026 cohort in Congruent, an artificial intelligence-driven radar technology company focused on autonomous vehicles. The move expands global startup investment opportunities for Indian ultra-high-net-worth investors and strengthens IPV’s international investment strategy. The company has invested more than INR 900 crore across over 280 startups and reported 16 exits during FY26.Read more

07 Jun 2026

Bajaj Housing Finance has raised INR 20 billion through the reissue of its 7.83% May 2029 bonds, according to bankers involved in the transaction. The housing finance company accepted bids for the issue on June 4 and is expected to offer investors a yield of 8.15%. The bonds have a residual maturity of nearly three years and carry the highest AAA credit rating from Crisil. The fundraising comes amid active participation by financial institutions in India's corporate debt market as companies seek to secure medium-term funding through bond issuances. The transaction adds to a series of debt market deals announced this week, including planned bond offerings by PNB Housing Finance and REC.Read more