Paramotor Digital Technology files confidential draft papers with SEBI for IPO

Paramotor Digital Technology files confidential draft papers with SEBI for IPO

According to sources, Motilal Oswal Investment Advisors and Equirus Capital are the book-running lead managers to the issue. Fintech and enterprise technology firm Paramotor Digital Technology Ltd has confidentially filed draft papers with markets regulator SEBI for an initial public offering (IPO), according to a public notice issued by the company. The company submitted its […]

Muthoot fincorp approves ₹4,000 crore IPO amid strong q4 profit growth

Muthoot fincorp approves ₹4,000 crore IPO amid strong q4 profit growth

The move comes after the company reported a 204% year-on-year jump in Q4 standalone net profit to ₹584 crore, reflecting strong financial performance. Muthoot FinCorp Ltd’s (MFL) Board of Directors on Saturday approved an initial public offering (IPO), comprising a fresh issue of equity shares aggregating up to ₹4,000 crore. The non-banking finance company’s board […]

SEBI eases InvIT norms on borrowings, SPV classification after project completion

SEBI eases InvIT norms on borrowings, SPV classification after project completion

SEBI also mandated additional disclosures by InvITs on such SPVs, including details of liabilities, pending claims, debt repayment schedules and exit plans The Securities and Exchange Board of India (SEBI) on Thursday allowed greater flexibility in the use of borrowings by Infrastructure Investment Trusts (InvITs) and eased norms for special purpose vehicles (SPVs) after the […]

India bans sugar export till Sept 30 to protect domestic supplies

India bans sugar export till Sept 30 to protect domestic supplies

In a move seen as aimed at stabilizing the domestic market, the Government on Thursday imposed an immediate ban on sugar exports, effective until September 30, 2026. The intervention comes at a critical juncture as global sugar prices show signs of a rebound, which had begun to make Indian exports increasingly attractive to international traders, […]

Broker’s call: Affle 3i (Buy)

Broker’s call: Affle 3i (Buy)

Target: ₹2,240 CMP: ₹1,584.40 Affle 3i’s Q4 performance was better than our estimates, with 20.3 per cnet y-o-y revenue growth, led by India and emerging markets, up to 21.2 per cent. Growth was supported by deeper customer engagements, new logo additions, and continued traction across key industry verticals and geographies. Developed markets grew 18 per […]

Northern Arc shares end 8% higher after Q4 profit jump, brokerages positive

Northern Arc shares end 8% higher after Q4 profit jump, brokerages positive

Brokerages remained positive on the stock following the earnings performance and improving growth outlook. | Photo Credit: istock.com Northern Arc Capital shares rallied on Monday after the non-banking financial company reported a nearly three-fold jump in net profit for the March quarter, driven by strong growth in interest income and improvement in asset quality. The […]