Groww Raises $150M Pre-IPO
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🗞️ NSE Offers ₹980 Cr to Settle SEBI Case
The National Stock Exchange (NSE) has proposed a ₹980 crore ($118 million) settlement to resolve the co-location case with SEBI. This could revive its long-pending IPO plans.
💬 Expert Take: “This is NSE’s clearest step yet toward going public. Resolving legacy issues improves investor confidence,” — Rajiv Sabharwal, CEO, Tata Capital.
🗞️ Export Refund Scheme Extended to SEZs
The RoDTEP scheme has been extended to Export Oriented Units (EOUs) and Special Economic Zones (SEZs), offering tax refunds and boosting India’s export competitiveness.
🗞️ Gangwal to Sell ₹6,600 Cr IndiGo Stake
IndiGo co-founder Rakesh Gangwal will offload a stake worth ~$800 million (₹6,600 crore). He continues to trim his holding post-exit from the airline’s board.
🗞️ India’s Renewable Energy Triples in 10 Years
India has achieved a 3x growth in renewable capacity, reaching 232 GW over the past decade. Solar and wind energy lead the expansion amid policy support and global investments.
🗞️ Aegis Vopak IPO Subscribed 26% on Day 1
The Aegis Vopak Terminals IPO opened to a slow start with 26% subscription on Day 1. The logistics and LPG storage firm is seeking to raise ₹800 crore.
🗞️ Leela Hotels Launches ₹3,500 Cr IPO
Hotel Leelaventure opened its ₹3,500 crore IPO. Analysts are cautious given its financial performance and sectoral competition.
🗞️ SpiceJet Shares Jump After UK Court Win
SpiceJet shares rose 4% after a UK court dismissed a damages claim by Credit Suisse. The ruling provides temporary legal relief for the debt-laden airline.
🗞️ Groww to Raise $150M at $7B Valuation
US-based ICONIQ Capital will invest $150 million in Groww at a $7 billion valuation in a pre-IPO round.
💬 Expert Take: “This shows sustained VC confidence in India's wealthtech sector, despite overall funding slowdown,” — Vikram Vaidyanathan, Managing Director, Matrix Partners India.
📊 Market Updates:
📈 Sensex: 82,176.45 ▲ +455.37 (+0.56%)
📈 Nifty 50: 25,001.15 ▲ +148.00 (+0.60%)
💵 USD/INR: ₹85.04 ▼ -0.16 (-0.19%)
🛢️ Brent Crude: $64.12 ▲ +0.07 (+0.11%)
🪙 Bitcoin: $109,439.97 ▲ +1.52%
🥇 Gold (24K): ₹9,764/10g ▼ -₹44