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M2P Fintech brings in CFO Vivek Seshadri as IPO groundwork begins
The company was last valued at over $750 million in 2024 after raising nearly $100 million from Helios. In total, it has secured more than $200 million from investors including Tiger Global, Better Capital and MUFG Innovation Partners, the venture arm of Mitsubishi UFJ Financial Group.
Power market coupling may hit exchanges’ near-term earnings, structural story intact: Axis Capital
Vivek Singla, Managing Director & CEO of Power Exchange India Limited, said the changes are expected to create opportunities for gaining market share, with a more level playing field likely to help PXIL expand its presence in the total addressable market and support both revenue and profitability growth.
UGRO Capital Limited Q4 profit jumps 26%, income surges as lending business expands
Company's net total income for the quarter grew 51% year-on-year to ₹348 crore, driven by a structural shift toward higher-yield on-book assets.
Office assets anchor institutional confidence as PE investments rise in March quarter
Office properties led institutional investment in India's real estate during the first quarter of 2026. Private equity inflows saw a significant increase, with office assets attracting the majority of capital. Investors favored stabilized, income-generating properties. Residential investments remained debt-led. The National Capital Region and Pune attracted most of the investment. Domestic capital played a dominant role.
Wipro announces share buyback worth ₹15,000 crore. Check price, record date and other details
Wipro buyback: Wipro's board at its meeting today approved the proposal to buyback up to 60,00,00,000 fully paid-up equity shares or 5.7% of the total paid-up equity share capital, for an aggregate amount not exceeding ₹15,000 crore.
Sowparnika Projects in talks to raise Rs 500 cr for expansion
Sowparnika Projects is in advanced talks to raise ₹500 crore from investors including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital to fund its expansion across South India. The company plans to develop 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years and aims to nearly double its revenue to ₹1,500 crore by FY27.
Buzzing Stock: Real Estate share gains 60% in April, but still down for 2026 and below IPO price
As per its latest shareholding pattern for the quarter that ended in March, Awfis Space Solutions has seen an increase in retail shareholding. As many as 46,000 retail shareholders, or those who have authorized share capital of up to ₹2 lakh, have a 9.5% stake in the company, compared to the 7.87% they held at the end of the December quarter.
Sammaan Capital sells Rs 5,000 crore loan portfolio to stressed loan aggregator Arcil
Sammaan Capital sold a ₹5,000 crore stressed loan portfolio to Arcil at about a 52% discount, valuing it near ₹2,400 crore in one of the largest such deals of the year. The portfolio includes real estate and mortgage-linked loans that are delayed but not yet classified as NPAs.
Five companies will see shares worth ₹1.15 lakh crore free up for trade today; Details here
WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
No addition of petrol, diesel vehicles to delivery, ride aggregator fleets in Delhi: Draft EV policy
Delhi EV polocy: The nationak capital is set to electrify its transport sector. New petrol and diesel vehicles will not join delivery and ride aggregator fleets starting this year. From 2027, only electric auto-rickshaws will be registered. Incentives are offered for electric three-wheelers to encourage adoption. This policy targets high-usage vehicles to reduce pollution.
TReDS tweak to ease MSME credit flow amid global pressure
Banks are set to boost credit flow to MSMEs as regulators ease onboarding for the Trade Receivables Discounting System (TReDS). This move aims to improve liquidity and working capital efficiency for small businesses facing global economic strains. Revised guidelines and government mandates further support this shift towards dynamic, cash flow-based financing, crucial for timely payments and business growth.
Advent gets CCI nod to pick up 14.3% stake in Aditya Birla Housing Finance
The Competition Commission of India has approved Advent International's proposal to acquire a 14.3% stake in Aditya Birla Housing Finance. This move involves a significant capital infusion into the housing finance subsidiary. The CCI also cleared other acquisitions, including Citrus Investment LLC's increased shareholding in Hitachi Construction Machinery and Indus Infra Trust's acquisition of KNR SPVs.