IPO-bound Fibe's AUM rises 63 pc to Rs 8,603 cr in FY26
Fibe's assets under management surged 63.31 percent to Rs 8,603 crore by March 2026. Personal loans formed seventy-seven percent of this total AUM. The digital lending platform experienced robust growth over the last three years. Fibe's parent firm filed draft papers for an initial public offering. Proceeds will augment capital for onward lending and general corporate purposes.
CreditAccess India sells 2.28% stake in Grameen to offer investors liquidity
CreditAccess India, the promoter of India’s largest pure-play microfinance lender CreditAccess Grameen, has sold a 2.28% stake through block deals to provide a partial exit opportunity to long-term investors. The stake sale is part of a broader plan to increase the company’s free float, bring in new investors and broaden institutional ownership, while the promoter continues to back CreditAccess Grameen’s long-term growth plans.
Tips Music announces Rs 44 crore buyback at 12% premium. Check details
Tips Music has announced a Rs 44.5 crore share buyback initiative, offering a premium exceeding twelve percent on equity shares. This marks one of the first buybacks utilizing the open market approach since SEBI’s reinstatement. In response to the buyback news, Tips Music shares experienced a slight uptick, reflecting the company's solid stock performance over the last year.
DVS Advisory Group signs pact to pursue $250 million in US accounting firm acquisitions
DVS Advisory Group and Whitman Advisory have formed a strategic alliance. They plan to acquire US accounting firms with over $250 million in revenue. This partnership aims to build a globally integrated professional services platform. The initiative will strengthen the India-US professional services corridor. It also seeks to create over 2,000 skilled jobs in India.
Encube Ethicals files papers with Sebi for Rs 3,000 cr IPO
Specialty pharmaceutical firm Encube Ethicals has filed preliminary papers for a Rs 3,000 crore Initial Public Offering. This public offering is entirely an offer for sale by existing shareholders. The company serves over 160 pharmaceutical firms across 50 countries globally. Encube Ethicals reported Rs 1,848.7 crore in revenue and Rs 436.7 crore net profit in FY26. The shares are proposed to be listed on both the BSE and NSE exchanges.
Shivalik Small Finance Bank completes merger with ManiBhavnam Home Finance
Shivalik Small Finance Bank completed its acquisition of ManiBhavnam Home Finance India Pvt last week. This strategic merger cost the bank nearly one hundred and nine crore rupees. The deal establishes Shivalik's presence in the affordable housing finance market. ManiBhavnam brings a loan book of three hundred and twenty crore rupees to Shivalik. The bank plans fresh capital infusion to continue its growth trajectory.
ZEE promoter fundraise plan faces uncertainty after Sebi's market ban
Zee Entertainment's promoter fundraise faces regulatory hurdles after Sebi's market ban. The company and its top executives are prohibited from securities dealings for a year. This order casts doubt on the proposed ₹3,144-crore warrant issue to promoters. Legal experts suggest the warrant subscription may be delayed without interim relief. The regulator also imposed penalties for unauthorized land pledges by promoter entities.
FCNR deposits from Indian diaspora in UAE come in big; some say flow could be bigger
UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative.
‘Domestic funds own over 20% of Indian companies, FPIs 17%’
The continuous selling of Indian stocks by FPIs for nearly two years has impacted the ownership structure for this group of investors. On the other hand, DIIs, especially the mutual funds that were flush with funds through the systematic investment plans (SIPs), absorbed the selling, providing a much-needed stability to leading domestic indices.
Capital Group buys 1.5% stake in IIFL Fin for Rs 374 cr; stock rises over 2%
Capital Group bought a 1.49 percent stake in IIFL Finance for Rs 374 crore. This acquisition was made through open market transactions from Fairfax India's affiliate. US-based Capital Group purchased over 63 lakh shares at an average price of Rs 590. FIH Mauritius Investments, a Fairfax India subsidiary, sold an equal number of shares. Following this transaction, FIH Mauritius Investments' shareholding in IIFL Finance decreased.
From 87% to 51%: How Nifty50 companies lost their grip on India Inc's profits
Nifty 50 companies now contribute only 51% of aggregate profits, down from 87%. Earnings growth has accelerated across the broader Indian corporate universe and mid-sized firms. This shift signals a broadening wealth creation engine beyond just the largest companies. Financials have become the largest profit contributor, overtaking Energy sectors. Investors should consider portfolios beyond just mega-cap stocks for growth.
Veritas Finance refiles IPO papers with Sebi; eyes Rs 900 cr via fresh issue
Veritas Finance has refiled its initial public offering papers with Sebi. The company seeks to raise Rs 900 crore through a fresh equity share issue. Existing shareholders will also offer up to 1.28 crore shares for sale. Veritas Finance provides business loans to MSMEs and self-employed individuals. Its assets under management reached Rs 9,134 crore as of March 2026.
Juniper Green Energy sets price band for Rs 1,800-cr IPO at Rs 214–225
Juniper Green Energy has fixed its initial public offering price band. The company's IPO will be open for subscription from July 30 to August 3. This offering comprises entirely fresh equity shares with no offer for sale component. Proceeds will be used to repay borrowings and invest in subsidiaries. The total issue size is valued at approximately 1,800 crore rupees.