Author: Legal Parivar

Following the close of bidding on Tuesday, the E to E Transportation Infrastructure IPO witnessed exceptionally strong demand, with the issue being subscribed 526.55 times by the end of Day 3. With the bidding process now complete, investors are awaiting the IPO allotment, which is most likely to be finalised today, December 31, 2025. Once the allotment process is completed, applicants can check the E to E Transportation Infrastructure IPO allotment status online through the official website of the registrar. MUFG Intime India Private Limited has been appointed as the registrar for the NSE SME IPO. E to E Transportation…

Shares of Vodafone Idea (Vi) climbed more than 2% on Tuesday, December 31, touching a fresh 52-week high amid growing expectations that the Union Cabinet may consider relief on the telecom company’s long-pending adjusted gross revenue (AGR) dues. The stock rose to an intraday high of ₹12.36 apiece during morning trade, marking its highest level in the past year. Trading volumes on the NSE remained strong as investor interest picked up on speculation surrounding a potential policy decision. According to multiple media reports, the Union Cabinet is expected to deliberate on Vodafone Idea’s AGR-related matter. The government is reportedly examining…

Admach Systems SME IPO made a weak debut on the stock market on Wednesday, December 31, with its shares listing at a sharp discount to the issue price. The SME stock opened at ₹191.20 on the BSE SME platform, marking a nearly 20% decline from the IPO issue price of ₹239. However, the stock recovered part of its early losses during the session and moved higher to hit its upper price band of ₹200.75. Despite the rebound, the stock continued to trade around 16% below its issue price. The listing performance fell short of grey market expectations, as informal market…

Even as the Indian stock market remained highly volatile in the latter half of December, shares of TCI Finance moved sharply higher, defying broader market weakness and extending a strong rally marked by consecutive upper circuit hits. The non-banking financial company (NBFC) stock was locked in another 5% upper circuit on Wednesday, December 31, closing at ₹27.36 apiece. With this move, TCI Finance shares have now hit the upper circuit for the tenth straight trading session, according to data available on the NSE. Trading activity remained relatively thin, a common feature in small-cap counters. Around 44,000 shares were traded on…

Silver prices extended losses on Wednesday, marking the final trading session of 2025, as investors booked profits after the white metal delivered a historic rally this year. On the Multi Commodity Exchange (MCX), silver prices plunged 7.5%, or more than ₹18,000 per kg, to settle at ₹2,32,228 per kg. In the international market, COMEX silver hovered near the $71 per ounce mark after touching an intraday low of $70.315, reflecting a sharp 9% decline from the previous session’s close. Gold prices also faced selling pressure. MCX gold slipped a little over 1%, falling by ₹1,550 to ₹1,35,116 per 10 grams.…

Adani Group-owned Navi Mumbai International Airport (NMIA) on Tuesday said passenger traffic at the airport crossed the 25,000-mark within the first five days of the commencement of commercial flight operations. The airport recorded a total of 26,021 passengers, comprising 12,431 arriving and 13,590 departing travellers during the period, reflecting strong demand and steady booking activity since the launch, the operator said in a statement. Passenger volumes peaked over the weekend, with 5,548 passengers on Saturday and 5,614 on Sunday, indicating growing traction among flyers. During the first five days, NMIA handled 162 scheduled air traffic movements, including 81 arrivals and…

The National Highways Authority of India (NHAI) has further reduced its debt by ₹4,721 crore, bringing its total outstanding liabilities down to ₹2.39 lakh crore. The total repayment due in FY26 stands at ₹11,251 crore. This follows a sharp debt reduction of ₹90,634 crore in FY25. With a strong monetisation pipeline in place, NHAI is expected to retire more debt than what matures during the current financial year. Proceeds from highway monetisation through infrastructure investment trusts (InvITs) are being used exclusively for debt repayment. During the current financial year, NHAI plans two rounds of monetisation—one through its private InvIT, National…

The Securities and Exchange Board of India (SEBI) has made it mandatory for compliance officers of Alternative Investment Fund (AIF) managers to obtain certification from the National Institute of Securities Markets (NISM). In a circular issued on Tuesday, SEBI said that compliance officers must clear the NISM Series III-C: Securities Intermediaries Compliance (Fund) Certification Examination. The requirement stems from a notification issued by NISM on November 20, 2025. SEBI clarified that from January 1, 2027, only individuals holding this certification will be eligible to be appointed as compliance officers of AIF managers or continue in the role. This effectively provides…

Bengaluru-based real estate developer Bagmane Group, which is preparing to file draft papers for its maiden real estate investment trust (REIT) — Bagmane Prime Office REIT — is projecting a net operating income (NOI) of around ₹2,700 crore for FY27, according to market sources. The estimate does not factor in potential upside from a sizeable pipeline of assets under the right of first refusal (ROFR). These assets span roughly 47 million square feet across 11 properties, which could significantly enhance the REIT’s income profile over time. Backed by global private equity firm Blackstone, Bagmane Prime Office REIT is estimated to…

Foreign institutional investors (FIIs) turned net sellers once again on December 30, offloading Indian equities worth ₹3,844 crore, marking the highest single-day selloff since November 28. In contrast, domestic institutional investors (DIIs) provided strong support to the market, making net purchases of shares worth ₹6,160 crore, as per provisional exchange data. During the trading session, DIIs bought equities worth ₹44,583 crore and sold shares worth ₹38,423 crore. Meanwhile, FIIs purchased stocks worth ₹16,254 crore but sold holdings amounting to ₹20,098 crore, resulting in net outflows. On a year-to-date basis, overseas investors have remained persistent sellers, with cumulative net outflows of…