Category: News

PropShare Platina REIT Crowned Most Expensive Stock PropShare Platina REIT has stormed in, claiming the title of the priciest stock with a jaw-dropping debut at ₹10.5 lakh per unit. PropShare Platina is the first to feature the sleek new SM REIT license, thanks to SEBI’s regulations introduced in March 2024. Focused on bite-sized, high-impact real estate plays, SM REITs are tailored for investors who want a piece of the action without diving into mammoth portfolios. Think ₹50-500 crore market caps and single-property specialization, not the sprawling diversification of traditional REITs. The buzz around PropShare Platina’s ₹353 crore issue was electric—it sold out fast, oversubscribed 1.19 times during its December 2-4 window.

The Colombo West International Terminal (CWIT) project in Sri Lanka, owned by Adani Ports and Special Economic Zone (APSEZ), did not receive the $553 million loan from the U.S. Development Finance Corporation due to the owner’s decision. Instead, the company will finance the project through its internal resources and capital management strategy. The decision was made public late on a Tuesday, with APSEZ stating that the project is progressing well and is expected to be commissioned by early next year.

Amid growing anticipation of a central government capital expenditure (capex) boost and a recovery in corporate earnings for FY25, foreign institutional investors (FIIs) are reversing last month’s trend. Amid growing anticipation of a central government capital expenditure (capex) boost and a recovery in corporate earnings for FY25, foreign institutional investors (FIIs) are reversing last month’s trend. After significant sell-off of $2.5 billion in November Foreign institutional investors have already acquired around $3 billion in Indian stocks.

LG Electronics India’s $1.8-billion IPO has drawn attention, particularly for its royalty payments to its South Korean parent company. For FY24, LG India paid about 2.3-2.4% of its sales as royalties, totaling ₹323 crore, as detailed in its draft red herring prospectus (DRHP). It’s noteworthy that royalty payouts above 5% require shareholder approval, making them a key consideration for potential investors. As LG India gears up for its IPO, these financial dynamics should be closely watched, with potential investors evaluating the implications of royalty expenses on the company’s profitability and growth.

Travel Food Services Ltd (TFS), a leading name in India’s airport travel dining scene, is taking its next big leap by filing for an IPO worth up to Rs 2,000 crore. Heavyweights like Kotak Mahindra Capital and HSBC Securities are among the lead managers steering this move. As TFS prepares for its IPO, it looks set to solidify its leadership in travel-centric dining and luxury experiences. Numbers tell their own story: TFS saw its revenue soar to Rs 1,396.32 crore in fiscal 2024, marking impressive growth from the previous year’s Rs 1,067.15 crore. Net profits followed suit, climbing to Rs 298.02 crore.

Elon Musk’s Tesla appears to be rekindling its Indian dream, resuming its hunt for showroom space in New Delhi, insiders reveal. While discussions are in early stages, the electric vehicle giant is reportedly eyeing DLF properties like Avenue Mall in Delhi and Cyber Hub in Gurugram to set up a consumer experience center and a larger facility for delivery and service operations. Tesla’s ambitions, however, remain tentative. A deal with DLF isn’t guaranteed, and the company is keeping its options open.

As the world’s second-largest crude steel producer, India is setting ambitious goals—targeting a steelmaking capacity of 300 million metric tons by 2030, up from today’s 180 million metric tons. India’s push to expand coal-powered steelmaking might throw a wrench in its 2070 net-zero carbon emissions target, according to a report by Global Energy Monitor (GEM). New coal-based steel projects and an already young fleet of high-emission furnaces could lock India into emitting an additional 680 million metric tons of CO2-equivalent.

Finance Minister Nirmala Sitharaman delivered a clear message at the CII Global Economic Policy Forum: the industry needs to realign itself to navigate the evolving landscape shaped by political, strategic, and economic priorities. Restoring supply chains isn’t just about smooth logistics anymore; it’s about embedding resilience to guard against geopolitical and strategic risks. Blending large, small, and medium enterprises is key to achieving a balance of “scale and spread” that supports job creation and sustainable growth. Adaptability, she said, is not optional—it’s a necessity in the face of newer and increasingly complex challenges.

Vishal Mega Mart’s IPO, championed by Kedaara Capital, hit the stage today, December 11, and stays open till Friday, December 13. Just yesterday, this hypermarket heavyweight grabbed ₹2,400 crore through its anchor book, a move that clearly turned heads among global and domestic institutional players. The shares are priced between ₹74 and ₹78, with an original value of ₹10. The entry ticket is 190 shares, and you can add more only in blocks of 190. No fresh stock here, though—it’s an all-out offer for sale. Samayat Services LLP, sitting on a commanding 96.46% stake, aims to offload ₹8,000 crore worth of equity. This IPO isn’t just another market event—it’s a power play by one of India’s retail titans. For those eyeing growth stories with scale, this one might deserve a spot on your radar.

Vishal Mega Mart’s IPO, championed by Kedaara Capital, hit the stage today, December 11, and stays open till Friday, December 13. Just yesterday, this hypermarket heavyweight grabbed ₹2,400 crore through its anchor book, a move that clearly turned heads among global and domestic institutional players. Price pegged at ₹74 to ₹78 a share, with a face value of ₹10. The entry ticket is 190 shares, and you can add more only in blocks of 190. No fresh stock here, though—it’s an all-out offer for sale. Samayat Services LLP, sitting on a commanding 96.46% stake, aims to offload ₹8,000 crore worth of equity. This IPO isn’t just another market event—it’s a power play by one of India’s retail titans. For those eyeing growth stories with scale, this one might deserve a spot on your radar.