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Arohan Financial Services files IPO papers; eyes ₹600 cr via fresh issue
Microfinance institution Arohan Financial Services has filed preliminary papers with market regulator Sebi to raise funds through an initial public offering (IPO), comprising a fresh issue of shares worth Rs 600 crore. Apart from the fresh issue, there will be an offer for sale (OFS) of4.04 crore shares by existing investors, according to the draft red herring prospectus (DRHP) filed with Sebi. US Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation,Aavishkaar Goodwell India Microfinance Development Company-II Ltd,Tano Capital, TR Capital III Mauritius, and Danish Sustainable Development Goals Investment Fund,among other existing investors, will offload shares. Proceeds from the fresh issue will be used to boost the company's capital base and for general corporate purposes, the draft papers filed last week showed. Earlier in January, Arohan Financial Services Managing Director Manoj Kumar Nambiar stated that the company .
Markets rebound sharply: Sensex recovers 1,100 points from day’s low, Nifty closes near 23,650
Sensex rose 1,100 points from its day’s low to close at 75,315, and Nifty 50 gained 333 points from its day’s low to end the session at 23,650. At close, Sensex was up 77 points and Nifty was up 6 points from Friday’s closing levels.
ET Alpha Wealth Summit 2026: Decoding the future of Indian stock market in uncertain times
Indian investors navigate a complex wealth creation landscape. Geopolitical shifts and rapid AI adoption demand new strategies. The ET Alpha Wealth Summit 2026 on June 4 in Mumbai will gather top minds. Discussions will focus on AI, private markets, and global capital flows. Learn how to build resilient portfolios and identify future opportunities.
Vinay Rajani of HDFC Sec suggests Oracle Financial Services, Sun Pharma shares to buy
Indian equity markets experienced a significant selloff on May 18, with Sensex and Nifty 50 dropping over 1%. The BSE Sensex fell over 1,000 points, erasing nearly ₹9 lakh crore in investor wealth amid weak global cues and a bearish trend across sectors.
Jana Small Finance Bank approves ₹728 crore fund raise via preferential issue; Check list of investors
Jana Small Finance Bank has also separately approved raising up to ₹500 crore through a private placement of rated, listed, unsecured, subordinated, redeemable non-convertible debentures classified as Lower Tier II Capital under Basel II norms.
Bain Capital closes sixth Asia fund with $10.5 billion corpus amid fundraising slump
Bain Capital closes its sixth Asia fund at $10.5 billion, topping its $7 billion target, as investors consolidate capital with scaled global platforms despite a 12-year low in regional fundraising.
Premier Energies shares react to Q4 results, fund raise; check revised price targets
Premier Energies has guided for FY27 capital expenditure of ₹5,100 crore as part of its broader multi-year investment programme worth ₹12,000 crore planned between FY26 and FY28.
Investors may need to temper return expectations as capital costs rise, warns Kotak Pension Fund CIO
Nilesh Bharkhada says higher capital costs, slowing corporate earnings growth and crude oil above $100 a barrel could pressure valuations and trigger earnings downgrades.
SBI Ventures to manage Rs 20,000 crore Maritime Fund
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. This initiative, backed by government equity, aims to attract private capital for the maritime sector's growth. The fund will operate as a trust and be registered with SEBI, focusing on a blended finance model to boost long-term, affordable capital availability.
Selling at higher levels turns 23,800 into key barrier for Nifty: Analysts
Benchmark Nifty closed lower last week. Analysts anticipate continued range-bound trading for Nifty this week. Trading strategies suggest buying on dips and selling on rallies within the 23,800-23,200 range. Specific stock recommendations include Indus Towers, Samvardhana Motherson International, Aditya Birla Capital, Sun Pharmaceutical Industries, and Arvind Limited. Investors are advised to consider these opportunities.
‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex plan
JSW Steel plans to double its capacity with minimal external capital, driven by strong domestic demand and a focus on maintaining market share. The company's confidence stems from structural improvements in its EBITDA floor and efficient brownfield expansion, ensuring robust internal cash generation to fund growth.
Hybrid Mutual Funds Attract Rs 1.55 Lakh Crore In FY26 On Diversified Investment Appeal
According to data from the AMFI, the number of hybrid fund folios rose to 1.9 crore in March 2026 from 1.56 crore a year earlier, adding 34 lakh investor accounts.