Rupee Slips Past 85 Against Dollar for First Time

• The Indian stock market fell for the fourth straight session on Thursday, December 19, with the Sensex plunging nearly 1,200 points and the Nifty dropping to 23,870 in intraday trade after the US Federal Reserve indicated a slower pace of rate cuts ahead.

• Most sectoral indices faced significant losses, including Nifty Bank, Financial Services, IT, and Consumer Durables, each declining by around one percent.

Spicejet +8.97%

• SpiceJet shares surged nearly 9% after the company announced an amicable settlement with Genesis, a commercial airline leasing firm.

• The settlement resolves a $16 million dispute, with SpiceJet agreeing to pay $6 million and Genesis acquiring $4 million worth of equity in the airline at ₹100 per share.

Nestle India (1.10%)

• The FMCG major's shares closed 1% lower, touching a new 52-week low during intraday trade. The stock has been under pressure since reporting a slight decline in its September quarter profit.

• India prepares for a potential trade deal as Trump targets China. (ET)

• The Centre seeks public feedback on a bill to ban illegal online lending. (Inc42)

• SEBI mandates timelines for NFO fund deployment by asset managers. (YS)

• SEBI tightens regulations for SME IPOs. (MC)

• Companies rush for costly dollar loans, with NBFCs leading the chart. (ET)

• Euro Pratik aims for a ₹700-1,000 crore ($82-117Mn) IPO and plans to file draft papers. (MC)

• Ventive Hospitality raises ₹720 crore ($84Mn) from anchor investors. (MC)

• Carraro India raises ₹375 crore ($44.2Mn) from anchor investors. (MC)

• Senores Pharmaceuticals secures ₹261 crore ($30Mn) from via anchor book. (MC)

• Inventurus Knowledge Solutions shares listed at a 43% premium to the IPO price. (MC)

• DAM Capital IPO subscribed 2.75x on Day 1, led by retail and NIIs. (MC)

• Concord Enviro Systems IPO subscribed 59% on day 1, retail portion fully booked. (MC)

• Transrail Lighting IPO subscribed 2x on Day 1, with the retail portion booked 2.85x. (MC)

• Sanathan Textiles IPO subscribed 45% on day 1, retail portion 76% full. (MC)

• Mamata Machinery IPO subscribed 16.5x on Day 1, led by retail and employee portions. (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: 269-283

  • Lot Size: 53

• Concord Enviro Systems

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: 665-701

  • Lot Size: 21

• Transrail Lighting

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: 410-432

  • Lot Size: 34

• Sanathan Textiles

  • Offering Period: 19 December - 23 December, 2024

  • Listing Date: 27 December, 2024

  • Issue Price: 305-321

  • Lot Size: 46

• 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: 20 December - 24 December, 2024

  • Listing Date: 30 December, 2024

  • Issue Price: 610-643

  • Lot Size: 23

• Carraro India

  • Offering Period: 20 December - 24 December, 2024

  • Listing Date: 30 December, 2024

  • Issue Price: 668-704

  • Lot Size: 21

• Senores Pharmaceturical

  • Offering Period: 20 December - 24 December, 2024

  • Listing Date: 30 December, 2024

  • Issue Price: 372-391

  • Lot Size: 38

M&A / Investments

• Ontario Teachers' Pension Plan in talks to acquire majority stake in Omega Healthcare for ₹15,282 crore ($1.8Bn). (ET)

• Multiples acquires a minority stake in logistics firm INSTANT-XP for ₹297 crore ($35Mn). (YS)

• Veefin has raised ₹136 crore ($16Mn) to support its expansion efforts. (YS)

• Genesis acquires ₹33 crore ($4Mn) in SpiceJet equity. (Mint)

• Nazara's NODWIN Gaming acquires esports media firm AFK Gaming for ₹7.6 crore ($895k). (YS)

• Info Edge to raise its stake in pet care startup Sploot to 26.40%. (Inc42)

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