08 Oct 2025

Truhome Finance, formerly Shriram Housing Finance, is set to receive an additional INR 500 crore from its largest shareholder, Warburg Pincus, taking the total investment beyond INR 2,000 crore. The company plans to grow its loan portfolio aggressively, aiming for over INR 23,000 crore in assets under management (AUM) this fiscal year, with a target of INR 25,000 crore by June 2026. The lender is focusing on the self-employed segment, upgrading technology, expanding its branch network, and increasing its workforce, while keeping an IPO under consideration.Read more

08 Oct 2025

The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has extended its property tax amnesty scheme until the end of October, offering a 50% discount on penalty charges. Originally launched in mid-July as the 'Freedom From Penalty' scheme, it provided higher waivers and helped recover around INR 100 crore in outstanding dues. Initially limited to residential properties, the scheme now includes commercial and industrial units. The civic body has urged property owners to settle their dues ahead of a strict collection drive planned after the amnesty period, reinforcing tax compliance and revenue generation.Read more

07 Oct 2025

Praxis Home Retail has received overwhelming shareholder approval to waive a related-party loan of INR 88.07 crore, including a principal of INR 85.28 crore and interest of INR 2.79 crore. With this step, the company enters FY2025-26 free of these obligations, reflecting strong confidence in its strategic direction. New investors, including Mathew Cyriac & Elimath Advisors Pvt Ltd and Subhash Phootarmal Rathod with associated entities, have acquired significant stakes. Supported by a revitalized management team and strengthened corporate governance, Praxis, operating 20 HomeTown stores across 18 cities, is poised for sustainable growth and long-term value creation.Read more

07 Oct 2025

Sobha Ltd recorded a 61% jump in its second-quarter sales bookings, reaching INR 1,902.6 crore, reflecting higher demand for its residential properties. Bengaluru contributed nearly 70% of sales, led by the Sobha Town Park project, while Delhi-NCR and Kerala regions also added substantial value, supported by festive season demand. For the first half of the fiscal year, Sobha achieved its best-ever H1 performance with sales of INR 3,981.4 crore. Despite declining housing sales volumes in major cities, leading branded developers like Sobha are capturing market share from smaller, unorganized players.Read more

07 Oct 2025

Niti Aayog has proposed a presumptive taxation scheme for foreign companies to provide clarity, simplify compliance, and safeguard government revenue. The think tank highlighted that unclear rules on permanent establishments (PE) create tax uncertainty and could affect investment inflows. The scheme allows companies to declare income at a prescribed rate without maintaining detailed books of account, with sector-specific rates and an option to file regular returns if actual profits are lower. The reform is aimed at aligning India's tax policy with its economic vision and improving its global business standing.Read more

07 Oct 2025

Steel Exchange India has secured a refinancing facility of INR 350 crore from a consortium of financial institutions, including Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited, and Kotak Credit Opportunities Fund. INR 150 crore has already been used to prepay high-cost NCDs and a term loan, while the remaining INR 200 crore is set to acquire outstanding NCDs, pending approvals. The company expects the refinancing to ease interest costs, improve cash flows, and provide financial flexibility to support long-term growth. Steel Exchange India operates an integrated steel and power plant near Visakhapatnam.Read more

07 Oct 2025

Canara Robeco Asset Management Company has set a price band of INR 253-266 per share for its upcoming IPO, targeting a valuation of INR 53.05 billion ($597.9 million) at the upper end, according to Reuters calculations. The IPO, opening for retail investors on October 9 and for anchor investors on October 8, will close on October 13, with the stock expected to list around October 16. A joint venture between Canara Bank and ORIX Corporation Europe, the firm manages over INR 1 trillion in assets. The IPO will be a pure offer for sale of 49.8 million shares, with Canara Bank and ORIX reducing their stakes by 13% and 12%, respectively.Read more

07 Oct 2025

Anantam Highways Trust, backed by Alpha Alternatives, is raising INR 400 crores through an IPO to strengthen its INR 5,000-crore portfolio of road assets. The trust currently owns seven hybrid annuity model road projects built by Dilip Buildcon with 13 years of concession life left. With a right-of-first-offer agreement for 11 additional projects, assets from the Build India Infrastructure Fund worth INR 4,500 crores, and potential third-party deals, the trust has clear expansion prospects. IPO proceeds will be used for deleveraging, lowering its leverage ratio to 42 percent.Read more

06 Oct 2025

Eldeco Infrastructure and Properties Ltd has submitted draft papers to SEBI seeking approval for an initial public offering (IPO) of INR 1,000 crore. The public issue will include a fresh issue of shares worth INR 800 crore and an offer for sale (OFS) of up to INR 200 crore by its promoters. A portion of the proceeds will be used to repay borrowings of its subsidiary, Eldeco Infracon Realtors Ltd, while the balance will go towards general corporate purposes. With a strong regional footprint and growing revenue, the company is preparing for its next phase of expansion.Read more

06 Oct 2025

Infra.Market, an online marketplace for construction materials, has filed for an IPO worth between INR 4,500 crore and INR 5,500 crore using SEBI's confidential route. The public offering will be equally divided between a fresh issue of shares and an offer-for-sale by existing investors. Founded in 2016, the company supplies materials like concrete, steel, plywood, and electrical appliances to developers and contractors. Recently, it raised INR 732 crore from promoters and investors, valuing the business at around USD 2.8 billion. Infra.Market ended FY25 with revenue of INR 18,000 crore and net profit of INR 300 crore.Read more