05 Dec 2025

JSW Steel has announced that Japan's JFE Steel will invest INR 15,750 crore for a 50% stake in the steel business of Bhushan Power and Steel (BPSL), valuing the enterprise at INR 53,000 crore. BPSL will now operate as an equal joint venture between the two companies. The deal is expected to help JSW reduce debt by more than INR 37,000 crore by June next year through the transfer of BPSL's business, associated debt and JFE's capital infusion. BPSL's 4.5-MTPA steel unit will be moved to a new entity under JSW Kalinga Steel, with plans to expand capacity to 10 MTPA by FY31. The partnership combines JSW's domestic scale with JFE's technology expertise.Read more

04 Dec 2025

Jaykay Enterprises, an industrial technology and defence engineering firm, made its National Stock Exchange debut this week, with shares ending nearly 3% lower at around Rs 212. The stock opened strong but lost momentum through the day. The company said the listing marks a new growth phase for the 143-year-old JK organisation's advanced engineering and defence vertical. Chairman and MD Abhishek Singhania noted that the milestone will support increased investment in precision engineering, metal 3D printing, advanced composites and digital platforms. Established in 1943, Jaykay now works across high-tech aerospace and defence systems and partners with key national institutions including HAL, BEL, BrahMos and the Indian Armed Forces.Read more

04 Dec 2025

Carlyle Group is in advanced talks to acquire majority control of Nido Home Finance, part of Edelweiss Financial Services-housing-finance business. The proposed deal includes an initial investment of about USD 300 million, though no binding agreement has been reached. The move reflects rising global private-equity interest in India's mortgage market, driven by growing home-loan demand in major and emerging cities. Nido has been seeking a strategic partner to strengthen its capital base and expand in affordable and mid-income housing. For Carlyle, the talks signal a return to housing finance after recent exits from PNB Housing Finance and Yes Bank, aligning with its strategy of pursuing larger, controlled investments in high-growth sectors.Read more

04 Dec 2025

Embassy REIT has purchased a 0.3 million sq ft Grade-A office building in Embassy GolfLinks Business Park, Bengaluru, for INR 8,520 million. The property is fully leased to a global investment firm, giving the REIT long-term income visibility. The asset is expected to generate a net operating income yield of around 7.9%, which is higher than the REIT's trading cap rate of 7.4% during the past quarter. The transaction went through full financial, legal and technical due diligence, marking one of the REIT's major third-party acquisitions in Bengaluru.Read more

04 Dec 2025

IRB InvIT Fund has scheduled an Extraordinary General Meeting next month to seek unitholder approval for acquiring VM7 Expressway Private Limited at an enterprise value of INR 1,217 crore and an equity value of INR 513 crore. The asset covers a 27.5-km eight-lane stretch on the Vadodara-Mumbai Expressway developed under the Hybrid Annuity Model. The proposal also includes extending secured debt and shareholder loans to replace existing borrowings. A long-term project management agreement worth about INR 244.57 crore over nearly 15 years will also be considered.Read more

04 Dec 2025

HRX Digitech LLP, owned by Rakesh and Hrithik Roshan, acquired four commercial units in Yura Business Park Phase 2, Andheri West, Mumbai, for a total of INR 10.90 crore. The units range from approximately 473 sq ft to 852 sq ft and include multiple parking slots. Stamp duty and registration charges were paid for all transactions. Analysts view the move as a strategic investment aligned with sustained demand for premium commercial spaces. Andheri West's connectivity, amenities, and established commercial ecosystem continue to make it a preferred destination for investors.Read more

04 Dec 2025

Supreme Infrastructure India Ltd (SIIL) reported a remarkable financial resurgence earlier this week, driven by a comprehensive restructuring that restored its balance sheet and stabilised operations after years of financial distress. The company's net worth shifted from a negative INR 6,22,832.62 lakhs to a positive INR 34,667.65 lakhs, while total debt dropped sharply to INR 2,09,065.51 lakhs. SIIL also secured USD 240 million (INR 240 crores) from marquee investors, signalling renewed market confidence. The firm recorded sizeable exceptional gains relating to its settlement with lenders, alongside an improving operational performance and a strong order pipeline exceeding INR 4,000 crores.Read more

03 Dec 2025

The Ghaziabad Municipal Corporation (GMC) has extended the property tax rebate window to the end of December, allowing homeowners to continue availing a 20% concession. This marks the second extension in the current financial year, following the earlier deadline that expired in the past week. From January, the rebate will reduce to 10%, fall further to 5% in February, and discontinue entirely from March, when penalties will be imposed. The extension comes amid public unease and a pending High Court challenge linked to the earlier property tax hike, even as GMC targets substantial progress towards its INR 600 crore revenue goal.Read more

03 Dec 2025

Bajaj Finance reduced its shareholding in Bajaj Housing Finance by offloading nearly 2 per cent of its stake via an open-market deal valued at INR 1,588 crore. Bulk deal information released by the National Stock Exchange showed that 16.66 crore shares were sold at an average price of INR 95.31 each. Following this transaction, Bajaj Finance's holding slipped from 88.70 per cent to 86.71 per cent. While buyer identities were not disclosed, the development coincided with a sharp intraday decline in Bajaj Housing Finance's share price. The sale also followed the company's strong second-quarter earnings performance earlier this year.Read more

03 Dec 2025

Hindustan Construction Company announced earlier this week that its board had cleared a substantial rights issue aimed at mobilising up to INR 1,000 crore. The company confirmed that it would issue 79.99 crore rights equity shares, offering them to eligible shareholders in the ratio of 277 shares for every 630 fully paid-up shares. The board had taken this decision in a meeting held earlier this past week, with the record date for eligibility set for later in the week. The move is part of HCC's ongoing efforts to strengthen its capital structure without increasing debt.Read more