Author: Legal Parivar

DII and FII Activity For the first time since July 4, 2025, Domestic Institutional Investors (DIIs) turned net sellers, offloading ₹329 crore in Indian equities. Similarly, Foreign Institutional Investors (FIIs/FPIs) were net sellers, offloading ₹1,623 crore on Friday, August 22, 2025. During the trading session: For 2025 so far: Market Performance Indian benchmark indices ended lower, ending a six-day winning streak: The broad-based decline came amid caution ahead of Federal Reserve Chair Jerome Powell’s Jackson Hole speech, adding uncertainty to global markets. Sector-Wise Performance Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should…

Microfinance company Satin Creditcare Network has successfully raised ₹100 crore through non-convertible debentures (NCDs), the company announced on Friday, August 22, 2025. The bond issuance was completed in two tranches: The funds are structured with bullet repayments at the end of 5.5 years and 7 years, aimed at strengthening the company’s asset-liability position. Purpose of the Fundraising The raised capital will be used to: The debentures qualify as Tier II capital, reinforcing Satin Creditcare’s financial stability and lending capacity. As of June 30, 2025, the company maintained a CRAR of approximately 26%, providing a strong capital cushion for growth. Company…

FII Outflows in August Foreign institutional investors (FIIs) withdrew ₹31,889 crore from eight major sectors of Indian equities in the first half of August 2025, with financial and IT stocks experiencing the largest exits. Overall, FIIs sold Indian equities worth ₹20,976 crore in the first half of August, continuing the retreat from July, and bringing total outflows for 2025 to around ₹1.2 lakh crore. The withdrawals were triggered by concerns over U.S. tariffs on Indian goods and weak corporate earnings for the June quarter. Impact on Emerging Market Allocation As a result of FII exits, India has become one of…

Sensex and Nifty Close in Red Indian benchmark indices Sensex and Nifty ended the trading session lower on Friday, August 22, 2025, snapping a six-day rally. The market correction comes amid caution ahead of U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium and anticipation of fresh U.S. tariffs on Indian goods, along with other global headwinds. Key Reasons Behind the Decline 1. Caution Ahead of Jackson Hole Investors remained cautious ahead of the Jackson Hole symposium, seeking clarity on the U.S. interest rate trajectory. Uncertainty over potential rate cuts in September impacted market sentiment, particularly in…

Mangal Electrical IPO Subscription Update After a slow start, the Mangal Electrical IPO closed with healthy demand on Friday, August 22, 2025. The public issue had opened on August 20, 2025, and saw significant traction on the second day of the book-building process. Segment-wise subscription: The IPO allotment date is set for Monday, August 25, 2025. Mangal Electrical IPO Grey Market Premium (GMP) The grey market premium (GMP) has declined sharply from ₹34 to ₹15. Based on the current GMP and issue price, the potential listing price is estimated at ₹576 per share, a modest 3% premium over the IPO…

Income Tax Act, 2025 Receives Presidential Assent The Income Tax Act, 2025, replacing the decades-old 1961 law, was notified by the Government of India in the Official Gazette on Friday, August 22, 2025, following President Droupadi Murmu’s assent on August 21, 2025. The Income Tax India handle on X (formerly Twitter) highlighted the historic development: “The Income-tax Act, 2025 has received the Hon’ble President’s assent on 21st Aug 2025. A landmark reform replacing the 1961 Act, it ushers in a simpler, transparent & compliance-friendly direct tax regime.” The new Income Tax laws will come into effect from April 1, 2026.…

Online Gaming Bill Becomes Law President Droupadi Murmu on Friday, August 22, 2025, gave her assent to the Promotion and Regulation of Online Gaming Bill, after it was passed by the Rajya Sabha on Wednesday, August 21. The bill aims to regulate online gaming in India and curb the proliferation of money-based online gaming platforms. Key Provisions of the Law The law applies to operators, promoters, and advertisers of online money-gaming platforms across India. Implications for the Gaming Industry The enactment of the Online Gaming Bill marks a significant step in the government’s effort to regulate digital gaming and protect…

Vikran Engineering IPO – Key Highlights The initial public offering (IPO) of Vikran Engineering will open for subscription on Tuesday, August 26, 2025. The company plans to raise ₹772 crore through the issue, with the price band fixed at ₹92–97 per share. The IPO structure includes: The proceeds will primarily be used for working capital requirements and general corporate purposes. Grey Market Premium (GMP) Trend Ahead of the bidding, Vikran Engineering shares are trading at a GMP of ₹22 per share, reflecting strong investor appetite. IPO Details for Investors Lead Manager: Pantomath Capital Advisors Pvt. Ltd.Registrar: Bigshare Services Pvt. Ltd.…

Sugs Lloyd IPO – Key Highlights Noida-based Sugs Lloyd Ltd, a power infrastructure and renewable energy solutions provider, is set to launch its maiden public issue on August 29, 2025. The company has fixed the price band at ₹117–123 per share and aims to raise ₹85.66 crore at the upper end of the range. The issue will comprise 69.64 lakh fresh equity shares, meaning the entire proceeds will go to the company. IPO Objectives Sugs Lloyd intends to deploy the IPO proceeds as follows: Company Overview – Sugs Lloyd Ltd Founded in 2009, Sugs Lloyd operates in the renewable energy…

Girish Kousgi to Join IIFL Home Finance as CEO Girish Kousgi, a mortgage industry veteran and currently the Chief Executive Officer of PNB Housing Finance, is set to take over as the CEO of IIFL Home Finance, a subsidiary of IIFL Finance. He will replace Monu Ratra, who stepped down as Executive Director and CEO on August 14, 2025. This marks the first major leadership change at IIFL Home Finance since the Abu Dhabi Investment Authority (ADIA) acquired a 20% stake in June 2022. IIFL Home Finance – Market Leader in Affordable Housing As of June 30, 2025, IIFL Home…