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Alpha Alternatives has acquired four operational road assets valued at approximately ₹7,500 crore. These assets were purchased from Ap Co Infratech, KCC Buildcon, and Welspun Group. The fund has now invested in twenty-five road projects across nine states and one Union Territory. This expansion highlights growing investor interest in de-risked transport infrastructure assets. The acquired…
Bank loans for India’s technology infrastructure sector have doubled in two years. This growth reflects India’s position as a global hub for data centers. Loans to IT services and digital infrastructure rose significantly year on year. This expansion is driven by data centers, GCCs, and IT enabled services. These segments are now showing robust growth…
Market participants faced confusion during the new auction system’s debut. Indices and stock values diverged significantly, catching traders by surprise. The new system determines closing prices through a separate auction process. This change aims to create more robust closing prices for derivatives. Tuesday’s derivatives expiry will be a key test for the new system.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
US stocks opened August with strong gains, pushing the Dow Industrials to a record closing high. Easing oil prices and Treasury yields supported the market’s upward movement. Communication services sector led gains, while energy experienced a decline. Amazon’s market value surpassed three trillion dollars for the first time. Investors are now focused on upcoming economic…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Sebi has exempted six Muthoot family trusts from an open offer requirement. This exemption pertains to the indirect acquisition of shares in Muthoot Microfin. The restructuring involves multiple share transfers among family trusts and spouses. Muthoot Fincorp’s board approved an IPO, necessitating transaction structure changes. The exemption is valid for one year and subject to…
The government will launch LIC’s offer for sale for non-retail investors on Tuesday and retail investors on Wednesday. It plans to divest up to 6.5% through a base 2.5% offer and green shoe option, advancing minimum public shareholding compliance.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…