Nuvama Wealth Acquires ₹100 Cr OYO Shares

• The Indian stock market saw a sharp recovery on Friday, September 13, as benchmark indices Sensex and Nifty 50 gained around 1%, rebounding from earlier losses.

• The decline in domestic retail inflation provided some relief, with CPI-based inflation dropping to a three-month low of 5.48% in November, down from 6.21% in October's 14-month high.

Crisil +6.57%

• CRISIL shares extended gains for the fourth consecutive day, reaching a 52-week high after the board approved acquiring a minority stake in Online PSB Loans.

• The board approved an investment of ₹33.25 crore to acquire a 4.08% stake on a post-money, fully diluted basis.

Waaree Energies (2.45%)

• Shares broke a seven-day winning streak, declining 2.45% as investors rushed to book profits after the stock's recent rally of over 20% in seven sessions.

• The stock’s uptrend was supported by positive developments that improved sentiment around the company, including two consecutive order wins this week that triggered gains.

• India's CPI inflation is expected to ease to 4.7-4.8% in FY25, driven by lower food prices. (ET)

• Domestic and global headwinds challenge RBI's forex intervention. (RT)

• SEBI considers enabling retail investor participation in algo trading. (YS)

• Credit costs for banks, NBFCs, and MFIs are expected to rise significantly. (ET)

• Apple to begin assembling AirPods in India from 2025. (ET)

• Carlyle Group reportedly plans a ₹8,400 crore ($1Bn) India IPO for Quest Global. (MC)

• Brookfield India REIT raises ₹3,500 crore ($412Mn) through QIP to reduce debt. (BS)

• Senco Gold raises ₹459 crore ($54.1Mn) through QIP. (BS)

• Vishal Mega Mart IPO closes with 27x subscription, with QIBs bidding 80.75x. (MC)

• Sai Life Sciences IPO 3x subscribed on Day 3, QIB portion 7x subscribed. (MC)

• MobiKwik IPO closes with 119.38x overall subscription; retail portion subscribed 134.67x. (MC)

• Inventurus Knowledge Solutions IPO subscribed 1.55x on Day 2. (Mint)

• International Gemmological Institute IPO records 17% subscription on Day 1. (MC)

This week’s mainboard IPO schedule

• Inventurus Knowledge Solutions

  • Offering Period: 12 December - 16 December, 2024

  • Listing Date: 19 December, 2024

  • Issue Price: 1265-1329

  • Lot Size: 11

• International Gemmological Institute

  • Offering Period: 13 December - 17 December, 2024

  • Listing Date: 19 December, 2024

  • Issue Price: 397-417

  • Lot Size: 35

• DAM Capital Advisors

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: TBC

  • Lot Size: TBC

• Concord Enviro Systems

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: TBC

  • Lot Size: TBC

• Transrail Lighting

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: TBC

  • Lot Size: TBC

• Sanathan Textiles

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: TBC

  • Lot Size: TBC

• Mamata Machinery

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: 240-243

  • Lot Size: 61

• Ventive Hospitality

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 28 December, 2024

  • Issue Price: TBC

  • Lot Size: TBC

M&A / Investments

• Reliance Industries acquires 74% stake in Navi Mumbai IIA for ₹1,629 crore ($192Mn). (BS)

• Nuvama Wealth acquires ₹100 crore ($11.8Mn) worth of OYO shares through the secondary market. (YS)

• Indus Towers to acquire 26% stake in JSW Green Energy Eight for ₹38 crore ($4.47Mn). (BS)

• CRISIL to acquire 4.08% stake in Online PSB Loans for ₹33.25 crore ($3.9Mn). (CNBC)

• Nazara to invest ₹15 crore ($1.76Mn) in its arm Datawrkz to expand digital ad operations. (Inc42)

• Life Insurance Corporation reduces its stake in NMDC by 2%. (ET)

VC

• Makia Capital launches a VC fund for pre- and post-IPO investments. (YS)