Infomerics settles case with Sebi; NSE investor accounts cross 240 mn

The Securities and Exchange Board of India (Sebi) has settled enforcement proceedings against Infomerics Valuation and Rating after the credit rating agency agreed to pay Rs 65.25 lakh and undertake corrective steps. The action follows a joint Sebi–RBI inspection that flagged multiple lapses in Infomerics’ rating models, data validation, internal controls, and segregation of non-rating activities during 2021. As part of the settlement, Infomerics was required to undergo an external audit of its rating models and conduct third-party training for its rating staff — both of which Sebi has confirmed as completed. 

NSE investor accounts cross 240 million 

The National Stock Exchange (NSE) has crossed 240 million unique investor accounts in November, just a year after breaching the 200-million mark. The number of unique registered investors stood at 122 million as of October, the exchange said. Individual investors now hold 18.75 per cent in NSE-listed companies both through the mutual fund and direct investing route, said the exchange. The growth comes amid rising digital adoption, greater financial awareness, and steady market returns. Maharashtra led with over 40 million accounts, followed by Uttar Pradesh (27 million), Gujarat (21 million), West Bengal (14 million), and Rajasthan (14 million). The top five states accounted for nearly half of all investor accounts. 

Abakkus injects Rs 95-Crore in Match Graphics

 

Sunil Singhania-led Abakkus Four2Eight Opportunities Fund has led a funding round of about Rs 95 crore in Match Graphics, an Ahmedabad-based manufacturer of printed décor paper used in laminates and panels. The investment, a mix of primary infusion and secondary share purchase, will support the company’s expansion plans and digital printing capabilities. Abakkus Four2Eight Opportunities Fund, the maiden private equity fund of Abakkus Asset Manager, looks to invest in companies with high-growth potential. 

Samco MF launches momentum-based smallcap fund

 

Samco Mutual Fund on Thursday announced the launch of its smallcap fund, which it said is the first in the industry to follow a momentum investing model. The model, the fund house said, combines quantitative and fundamental factors to identify companies that exhibit superior price and business momentum. The scheme will invest in stocks ranked 251st to 750th by market capitalization to capture early-stage growth opportunities, it said.

 

The Wealth Company launches multi asset allocation fund

 

The Wealth Company Mutual Fund (MF) on Thursday announced the launch of its multi-asset allocation fund. The fund house has opted for hybrid taxation to give better leeway to the fund manager to shift between asset classes. "With the ability to allocate up to 50 per cent in commodities, the fund offers managers greater latitude to adjust positioning based on changing macro and market conditions," the fund house said. 

Emmvee Photovoltaic Power IPO booked 97% on final day of bidding 

The initial share sale of Emmvee Photovoltaic Power Ltd received 97 per cent subscription of the issue size on the final day of bidding on Thursday. The ₹2,900 crore initial public offering (IPO) got bids for 75,044,538 shares against 77,427,183 shares on offer, translating to 97 per cent subscription, as per the data available on the NSE. 

Fujiyama Power IPO booked 9% 

The retail individual investors part of Fujiyama Power Systems initial public offering (IPO) received 15 per cent subscription while the segment for non-institutional investors was subscribed 5 per cent. However, qualified institutional buyers is yet to see any participation so far. On Wednesday, Fujiyama Power Systems said it has raised ₹247 crore from anchor investors. 

DWS to acquire 40% stake in NIAIF 

German asset manager DWS Group has signed a memorandum of understanding (MoU) to acquire a 40 per cent stake in Nippon Life India AIF Management (NIAIF), a subsidiary of Nippon Life India Asset Management. Under the proposed joint venture, DWS will invest in NIAIF to strengthen and expand its alternative investment platform, which currently manages close to $1 billion in commitments. Established a decade ago, NIAIF manages a diversified portfolio spanning private credit, 

listed equities, real estate, and venture capital. The partnership aims to leverage DWS’s global reach to attract offshore investors.