boAt Sets Sail for ₹500 Cr IPO

• Sensex and Nifty 50 ended mixed on Tuesday amid concerns over a potential trade war, foreign capital outflow, and weakening macroeconomic indicators.

• Weak global cues, a depreciating rupee, and growth worries fuelled the market correction. Nifty Metal fell 1.54%, leading sectoral losses, followed by Nifty Realty (-1.31%) and Oil & Gas (-1.13%).

Nestle India +1.35%

• The stock rose over 1% after MD Suresh Narayanan indicated the company might implement small price hikes to counter rising costs of coffee, cocoa, and edible oils. The move aims to offset higher input costs and sluggish consumer spending in key urban markets while preserving profitability.

WXYZ (1.89%)

• NMDC shares dropped nearly 2% in intraday trade on February 25, extending their decline for a second session. Despite the weakness, analysts remain positive on its long-term prospects, citing a strong position in the iron ore market and expectations of solid growth.

• RBI relaxes capital norms for banks, enhancing credit flow to NBFCs and MFIs. (ET)

• EU's carbon border policy may disrupt India's steel sector due to financial and capacity constraints: Study. (ET)

• Lenders directed to tighten micro loan processes. (ET)

• Tata Capital's board approves IPO plans and a ₹1,504 crore ($173Mn) rights issue. (MC)

• boAt approves IPO, to raise up to ₹500 crore ($57Mn). (NDTV)

There are no mainboard IPOs this week.

M&A / Investments

• Paloma Rheem Holdings secures CCI approval to acquire Fujitsu General for ₹13,896 crore ($1.6Bn). (BS)

• PAG is considering selling its ₹10,422 crore ($1.2Bn) stake in Nuvama. (BS)

• Axis Bank plans to sell a majority stake in Axis Finance, valued at ₹8,600 crore ($1Bn). (Mint)

• Alpha Alternatives raises ₹5,500 crore ($633Mn) for its structured credit fund. (ET)

• KKR and Partners Group to invest ₹1,302 crore ($150Mn) in Darwinbox. (MC)

• Bloom Hotels plans to raise ₹400 crore ($46Mn) from PE investors. (ET)

• Gensol Engineering sells its US subsidiary, Scorpius Trackers, for ₹350 crore ($40Mn). (MM)

• InCred Finance acquires TruCap’s gold loan business for ₹330 crore ($38Mn). (ISN)

• Nazara Technologies acquires majority stake in Funky Monkeys for ₹43.7 crore ($5Mn). (BW)

• Go Digit invests ₹30 crore ($3.45Mn) in Dr. Reddy’s Labs. (EN)

• Flipkart-backed super.money acquires BharatX to integrate BNPL with UPI. (YS)

Debt

• ROADIS' India unit raises ₹2,747 crore ($316.3Mn) through dollar bond issuance. (BS)

• GMR Airports raises ₹1,100 crore ($126Mn) via non-convertible bonds. (BS)

• Technodysis raises ₹10 crore ($1.1Mn) in debt from Recur Club. (EN)

VC

• Wipro injects ₹1,737 crore ($200Mn) into its venture arm. (YS)

• upGrad launches an AI incubator with a ₹100 crore ($11Mn) allocation. (YS)