Author: Legal Parivar

IDBI Bank has announced that the Securities and Exchange Board of India (Sebi) has approved the reclassification of Life Insurance Corporation of India (LIC) as a “public shareholder” in the bank, contingent on the completion of the government’s strategic disinvestment process. According to an exchange filing, Sebi’s approval comes with specific conditions: Furthermore, Sebi has directed that LIC reduce its residual stake to 15% or below within two years post-disinvestment, in line with RBI guidelines. IDBI Bank will also need to submit the required applications to stock exchanges once the transaction is completed. Any breach of these conditions will automatically…

Amanta Healthcare is set to launch its initial public offering (IPO) on September 1, 2025. The book-building issue comprises 1 crore fresh equity shares. The subscription window will remain open until September 3, with allotment scheduled for September 4 and a tentative listing date of September 8 on both BSE and NSE. Price Band & Lot SizeThe company is yet to announce the price band and lot size for investors. Details will be released closer to the opening date. Issue Structure Company OverviewFounded in 1994, Amanta Healthcare develops, manufactures, and markets sterile liquid formulations and medical devices. Its portfolio spans…

A large wave of pre-listing shareholder lock-ins is set to expire in the coming quarter, potentially adding volatility to Indian equities. According to a report by Nuvama Institutional Equities, as many as 57 companies will witness their lock-ins being lifted between August 25 and November 27, 2025, releasing shares worth nearly USD 20 billion into circulation. The brokerage clarified that while this figure represents the total number of shares coming out of lock-up, not all of them may hit the secondary market immediately, since a significant portion is held by promoters and groups unlikely to sell right away. Nuvama’s analysis…

The combined market capitalization (mcap) of eight out of the top ten most valued companies in India surged by nearly ₹1.72 lakh crore last week, supported by strong momentum in the domestic equities market. Reliance Industries Limited (RIL) emerged as the biggest gainer during the period. Weekly Market Performance The BSE benchmark gained 709.19 points (0.87%) last week, contributing to the overall rise in valuations across key blue-chip stocks. Top Gainers of the Week Out of the top 10 companies, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Infosys, Hindustan Unilever (HUL), Life Insurance Corporation of India (LIC), and Bajaj Finance recorded growth in mcap. Decliners of the Week…

Goa-based Molbio Diagnostics Limited, a leading company in molecular diagnostics backed by Temasek and Motilal Oswal Private Equity, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). IPO Structure and Fund Utilization As per the DRHP, the IPO will comprise: The company has outlined the following deployment of proceeds: Company Overview Founded in 2000, Molbio Diagnostics is a pioneer in point-of-care molecular diagnostics and currently offers solutions for more than 30 diseases such as tuberculosis, COVID-19, HIV, HPV, and Hepatitis B & C. Its flagship innovation, the ‘Truenat’ platform, is a portable, battery-operated PCR device capable of delivering test results…

Several companies will trade ex-dividend in the upcoming week, while a few others have lined up bonus issues, stock splits, and other corporate actions, according to BSE data. Notably, HDFC Bank will go ex-bonus this week. The ex-dividend date is when a stock’s price adjusts to reflect the dividend payout. From this date onwards, new buyers of the stock are not entitled to the announced dividend. Dividends are distributed to shareholders whose names appear on the company’s record date. 📌 Stocks trading ex-dividend on Monday, August 25, 2025 📌 Stocks trading ex-dividend on Tuesday, August 26, 2025 📌 Stocks trading…

Housing finance company Sammaan Capital (formerly Indiabulls Housing) has successfully raised $300 million (around ₹2,600 crore) through a three-year bond issuance to overseas investors at a coupon rate of 8.95%. This marks the company’s first international issuance under its new brand and the first high-yield bond out of India this fiscal year. The company aims to diversify its funding sources, with international borrowings accounting for 10% of its total funding following this issue. CEO Gagan Banga said that the company plans further overseas borrowing to reach 10–15% of total funding within the next year, including a potential $500 million loan…

Mumbai: Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey on Friday cautioned mutual funds to be prudent while investing in micro-cap companies and bespoke debt instruments, given the risks involved. Speaking at an event organized by the Association of Mutual Funds in India (AMFI), Pandey said: “While there is a need to diversify beyond blue chips, mutual funds as a retail product should exercise caution while investing in micro-cap or debt-papers in bespoke deals. Maintaining proper documentation ensures transparency and sound due diligence.” He highlighted that micro-caps often face liquidity issues and experience higher price and volume…

An incident of cloudburst was reported late Friday night in Tharali tehsil of Chamoli district, leaving behind widespread destruction and at least two people missing, officials said. Chamoli District Magistrate Sandeep Tiwari confirmed heavy damage in the area. “There is a possibility of a lot of damage due to the cloudburst in Tharali. Many houses, including the SDM residence, have been completely damaged,” he said. Uttarakhand Disaster Management Secretary Vinod Kumar Suman informed that district officials and relief teams had rushed to the spot. Chamoli ADM Vivek Prakash said a 20-year-old woman named Kavita was buried under debris, while another…

Dream Sports, the parent company of fantasy gaming giant Dream11, is testing a new personal finance app called Dream Money, offering investments in digital gold, fixed deposits, and expense tracking, Moneycontrol has learnt. The move comes as the company looks to diversify beyond online gaming, after India’s new online gaming law forced Dream11 to suspend paid contests and switch entirely to free-to-play games. The law, which recently received Presidential assent, bans any real-money online games where players deposit funds with the expectation of winnings. Investment Options via Dream Money Dream Money allows users to: Expense Tracking & Advisory Features The…