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Unclaimed assets worth ₹2,000 cr provided to rightful owners in Oct, Nov

The government has launched a nationwide campaign 'Your Money, Your Right' to facilitate the settlement of unclaimed financial assets, and Rs 2,000 crore have been claimed by their rightful owners in October and November this year. The government launched the campaign on October 4 to facilitate the settlement of unclaimed financial assets, including bank deposits, insurance, dividends, shares, mutual funds and pensions, to their legitimate claimants. From October to December 5, 2025, camps have been held in 477 districts with participation of public representatives, district administration, and officials from financial institutions, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. To maximise outreach during the campaign, standard operating procedures (SOPs), frequently asked questions (FAQs), and awareness material in major regional languages, along with short video messages, have been widely disseminated. District-level camps are organised

IT major Infosys sees fivefold tendering in ₹18,000 crore share buyback

Infosys' Rs 18,000-crore share buyback has drawn tendering of more than 500 million shares, five times the offer size, as investors evaluate entitlements, tax treatment

Groww IPO opens for bidding Strong anchor support, key details explained

Groww, one of India’s most popular online investment platforms, has opened its IPO for public subscription. Backed by big global and domestic investors

Think you've lost old shares or dividends? IEPF portal can help you reclaim

Forgotten shares or dividends? Here's step by step process to reclaim them easily via the IEPF portal

Polycab promoters, others sell shares worth ₹1,740 cr via block deals

Shares of Polycab India fell 1.96% to close at ₹7,385 apiece on the National Stock Exchange (NSE)

Swiggy to sell stake in Rapido for ₹2,400 crore to Prosus, WestBridge

Swiggy will sell its entire 11.8 per cent stake in Rapido to Prosus and WestBridge Capital for Rs 2,400 crore, securing more than 2.5 times return on its 2022 investment

Infosys’ ₹18,000 cr buyback: What it means and how it works

Infosys has announced its largest-ever share buyback, giving investors a chance to make significant gains through price arbitrage. The software giant has unveiled a buyback plan worth ₹18,000 crore

Morgan Stanley, Nippon India MF buy HCG shares worth ₹438 crore

Morgan Stanley and Nippon India Mutual Fund (MF) are among the investors that bought around 63 lakh shares worth Rs 438 crore of HealthCare Global Enterprises (HCG) from private equity firm CVC Capital Partners through open market transactions, according to the NSE data. Motilal Oswal MF and Plutus Wealth Management are the other two entities that bought shares in HCG. On Wednesday, Morgan Stanley, Nippon India Mutual Fund (MF), Motilal Oswal MF and Plutus Wealth Management purchased 63 lakh equity shares representing a 4.52 per cent stake in Bengaluru-headquartered HCG. The transaction was valued at around Rs 437.85 crore, and was executed at an average price of Rs 695 apiece on the National Stock Exchange (NSE). Meanwhile, Luxembourg-based CVC Capital Partners through its affiliate, Aceso Company Pte Ltd offloaded these shares at the same price. After the stake sale, Aceso Company holding in HCG has come down to 4.24 per cent from 8.76 per cent. Shares of Healthcare Global ...

Poly Medicure to buy 90% stake in Pendracare Group for ₹188.5 crore

Medical device maker Poly Medicure Ltd on Wednesday said it will acquire 90 per cent stake in the Netherlands-based PendraCare Group from Wellinq Holdings B.V. at an enterprise value of Rs 188.5 crore (18.3 million euros). The company has signed definitive agreements to acquire the stake in PendraCare Group consisting of PendraCare Holdings and Wellinq Medical from Wellinq Holdings BV, Poly Medicure said in a statement. The balance 10 per cent stake will be acquired in 2030 on the basis of actual EBITDA for calendar year 2029, it added. The existing management of PendraCare will continue to lead the business and Sander Hartman, who will continue to hold 10 per cent non-voting shares in the group, will remain as the CEO. PendraCare Group develops, manufactures and sells innovative cardiology catheter solutions and provides design, development and manufacturing services to other global OEMs. "This move brings us a valuable, 'made-in-Europe' cardiology consumables business with FDA a

MCA, Sebi look to ease transfer of unclaimed shares and dividends

The task force reviewing existing norms is expected to release draft proposal in September

Rules tightened to curb unauthorised transfers of unlisted shares

NSDL now allows private firms to restrict transfer, pledging, and hypothecation of unlisted shares, aiming to curb unauthorised trades and improve compliance mechanisms

Govt plans additional LIC stake sale through OFS; talks in early stage

At present, the government owns 96.5% of LIC. In May 2022, it sold a 3.5% stake through an IPO, priced between ₹902 and ₹949 per share

Nexus Venture sells 4.63% stake in India Shelter Finance for ₹425 crore

The shares were disposed of in the price range of ₹850.85-850.88 apiece, taking the combined deal value to ₹425.45 crore

Banga family divests 2.1% stake in Nykaa's parent firm for ₹1,213 crore

Harindarpal Singh Banga and his wife Indra Banga on Thursday divested a 2.1 per cent stake in FSN E-Commerce Ventures, the parent company of fashion and beauty retailer Nykaa, through bulk deals worth Rs 1,213 crore. Following the stake sale, shares of Nykaa declined by 4 per cent to Rs 203.50 apiece on the BSE, and by 3.82 per cent to Rs 203.50 per piece on the NSE. Harindarpal Singh is a commodities billionaire and Chairman and CEO of Hong Kong-based Caravel Group. Banga was an early investor in Nykaa, which went public in 2021. As per the deal, up to 6 crore equity shares of FSN were sold at a final price of Rs 202.25 per share. This represents a discount of about 4.4 per cent to FSN's closing price of Rs 211.59 on NSE on Wednesday, as per the term sheet accessed by PTI. Goldman Sachs (India) Securities and J P Morgan India were the brokers for the deal. The transaction comprises a sale of approximately 6 crore shares amounting to around 2.1 per cent stake in FSN. At the final

Sebi allows 6-month window to re-lodge old share transfer requests

Sebi on Wednesday said it has permitted a one-time special window for investors to re-lodge physical share transfer requests that were submitted before April 1, 2019, but rejected or returned due to deficiencies. The six-month window will be open from July 7 to January 6, 2026, as part of the regulator's effort to ease investing and safeguard investor rights. Transfer of shares in physical form was discontinued from April 1, 2019. The regulator had earlier allowed investors to re-lodge transfer deeds that were submitted prior to the cut-off but rejected due to documentation issues, and had fixed March 31, 2021, as the deadline. However, several investors missed that timeline and based on representations from investors, registrar and share transfer agents (RTAs), and listed companies, the matter was reviewed by a panel of experts comprising legal professionals, RTAs and company representatives. The panel recommended providing another opportunity to such investors. Thereafter, Sebi

IndusInd Bank gains 5% as Nomura upgrades the stock to 'Buy' category

Nomura upgrades IndusInd Bank to 'Buy' citing governance reset, RBI comfort and expected leadership change; sees 1.1x FY27 book value, targets ₹1,050

Reliance Industries sells 8.5 mn shares of Asian Paints for ₹1,876 cr

Billionaire Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction. The share sale came days after Reliance Industries offloaded 3.50 crore equity shares or 3.64 per cent stake in Mumbai-based Asian Paints on Thursday. According to the block deal data on the National Stock Exchange (NSE), Reliance Industries through its affiliate Siddhant Commercials Pvt Ltd disposed of 85 lakh shares, representing a 0.88 per cent stake in Asian Paints. The shares were sold at an average price of Rs 2,207 apiece, taking the transaction value to Rs 1,875.95 crore. Meanwhile, ICICI Prudential Mutual Fund (MF) bought these shares at the same price. With the acquisition of shares, ICICI Prudential MF's holding in Asian Paints rose to 2.12 per cent from 1.24 per cent. Shares of Asian Paints increased 1.21 per cent to close at Rs 2,241 apiece on the NSE.

IFL Enterprises plans to raise up to ₹49 crore through rights issue

Agri commodity trading firm IFL Enterprises on Tuesday said its board has approved to raise up to Rs 49.14 crore through a rights issue of equity shares. The issue will open for subscription for existing shareholders on June 19, and will conclude on June 30, IFL Enterprises informed BSE in a filing. The record date for determining the eligibility of shareholders for the rights issue is June 13, it added. "The rights issue comprises 49,14,76,620 fully paid-up equity shares of face value Re 1 each, aggregating to Rs 49.14 crore. Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes," the company, which is involved in import, export and trading of agri commodities, said in a statement. The capital will be used to enhance operational efficiency and expand service capabilities, it added. The company in June last year had raised Rs 49.53 crore through a rights issue to fund its expansion plans. Its revenue jumped multif

UBS's $26 billion capital hit may be softer than it first appears

It's not that investors now know the costs of Switzerland's beefed-up "too big to fail" rules, which follow Credit Suisse's 2023 collapse. There's a lot of uncertainty about the draft law's final form

NIIT to acquire remaining shares of IFBI, make it wholly-owned arm

NIIT Ltd board has approved the purchase of an additional 19.50 lakh equity shares of NIIT Institute of Finance Banking and Insurance Training Ltd (IFBI) to fully acquire the subsidiary, according to an exchange filing. NIIT holds 80.72 per cent stake in IFBI, and post the aforesaid acquisition, IFBI will become its wholly owned subsidiary, the filing stated. The shares will be acquired from ICICI Bank Limited (1.9 million shares, 18.79 per cent stake) and individual shareholders (50,000 shares, 0.49 per cent stake). The aggregate consideration for the acquisition of shares from ICICI Bank is expected to be between Rs 4.7 crore and Rs 6.5 crore. The acquisition is expected to be completed by September 30, 2025, according to the filing on Saturday. "As a strategic business decision, NIIT Limited has agreed to acquire 1,900,000 equity shares of IFBI from ICICI Bank Limited and 50,000 equity shares of IFBI from Individual shareholders," the filing read. IFBI, incorporated in 2006 an