Bank of Baroda to Raise up to ₹10,000 Cr via Green Infra Bonds on March 4
State‑owned Bank of Baroda announced a green infrastructure bond issue of up to ₹10,000 crore, with a base size of ₹5,000 crore and a green‑shoe option for an additional ₹5,000 crore. The seven‑year bonds will mature on March 5 2033 and are rated AAA with a stable outlook by CARE Ratings and ICRA. Bidding will occur on March 4 via the NSE’s Electronic Book Provider platform, with a minimum application of ₹1 lakh. The issue aims to channel capital into sustainable projects while tapping strong investor demand for ESG assets.
Banks Snap up Bonds as Holdings Approach Regulatory Floor
Indian banks are accelerating purchases of government bonds as their sovereign‑debt holdings edge toward the RBI’s 18% regulatory minimum. In February, state‑owned lenders bought a net ₹225.8 billion ($2.5 billion), the largest monthly purchase recorded since Bloomberg began tracking in 2006. Their...
JM Financial Launches ₹1,500 Crore Pre-IPO Fund Under SEBI-Approved AIF Category
JM Financial Asset Management has launched a ₹1,500 crore pre‑IPO Alternative Investment Fund (AIF) under SEBI’s Category II, marking its entry into the pre‑IPO investment space. The fund will invest in companies slated to go public within the next 18 months, leveraging...
Digital Payments Rivalry: Paytm Leans on Merchant Edge as PhonePe Scales Volume, Say Brokerages
PhonePe dominates UPI transaction volume with a 51% market share, while Paytm commands only 6% but leads merchant‑payment monetisation. Paytm’s merchant device network and loan services generate higher margins—about 9 basis points versus PhonePe’s 4—resulting in ₹38.6 billion revenue and ₹2.8 billion...
Mobilise App Lab to Raise ₹20 Cr via IPO on NSE Emerge
Mobilise App Lab, a cloud‑based SaaS ERP provider, announced a ₹20 crore IPO on NSE Emerge, issuing 2.512 million equity shares at a ₹75‑₹80 price band. The offering opens Monday with a lot size of 1,600 shares and a minimum bid of two...
Broker’s Call: Lumax Auto Tech (Buy)
Lumax Auto Tech posted strong Q3FY26 results, with revenue up 40%, EBITDA up 49% and profit after tax up 116% YoY, aided by a one‑time deferred tax gain from the GreenFuel Energy merger. Management lifted FY26 revenue guidance to 30%...
Broker’s Call: GMR Airports (Buy)
GMR Airports reported a structural earnings inflection in Q3FY26, driven by tariff‑led aero yield growth at Delhi and expanding non‑aero adjacency services. Net debt is expected to peak in FY26 before declining as EBITDA scales, supported by a projected 29%...