🇮🇳 India Daybook: Shriram Finance Secures Mega Investment, ICICI Pru AMC Soars on Debut
Published: 2025-12-21 11:31 IST | Category: Markets | Author: Abhi
📍 MAJOR DEALS & INVESTMENTS
- Shriram Finance: Japan's Mitsubishi UFJ Financial Group Inc. (MUFG) is set to acquire a 20% stake in Shriram Finance for ₹39,618 crore (approximately $4.4 billion), making it the largest cross-border investment in India's financial sector to date. This strategic partnership will also see MUFG Bank sending two officials to serve as directors on Shriram Finance's board.
- BPCL & Coal India: Bharat Petroleum Corporation Ltd (BPCL) plans to establish a joint venture with Coal India to develop a coal gasification project in Maharashtra, with BPCL holding a 49% stake.
- Tata Power: The company acquired 64 lakh shares of Khorlocchu Hydro Power, investing ₹64 crore as the third tranche of its planned ₹830 crore investment to secure a 40% stake in KHPL.
📍 NEW LISTINGS & IPOs
- ICICI Prudential AMC: Shares of ICICI Prudential Asset Management surged by 23% on their trading debut on December 19, following a highly successful $1.2 billion initial public offering (IPO) that was oversubscribed 39.17 times, driven by robust institutional demand.
- Shyam Dhani Industries Limited: The company's IPO is scheduled to open on Monday, December 22, 2025, aiming to raise ₹38.49 crore, with its shares slated for listing on the NSE Emerge platform.
- EPW India Limited: The IPO for EPW India Limited will open on Monday, December 22, 2025, after anchor investor bidding concluded on December 19.
- Sundrex Oil Company Ltd.: The SME IPO of Sundrex Oil Company Ltd. is set to open on Monday, December 22, 2025, to raise ₹32.25 crore, with listing planned for NSE Emerge.
- New DRHP Filings: Shivganga Drillers Limited and Renny Strips Limited filed Draft Red Herring Prospectuses (DRHPs) with SEBI on December 19, 2025.
📍 CORPORATE ANNOUNCEMENTS
- Aeroflex Industries: The board approved significant capacity expansion initiatives, including the addition of 13,000 units per year for liquid cooling skids used in data centers, along with plans for robotic welding lines and an annealing plant for stainless-steel braided hoses.
- Bharti Airtel: The company made a final call of ₹401.25 on partly paid shares, expecting to collect ₹15,000 crore during the payment window from March 2 to March 16, 2026. Additionally, Bharti and Singtel amended their shareholders' agreement to streamline governance provisions.
- Narayana Hrudayalaya: A board meeting is scheduled for January 19, 2026, to seek approval for the merger of Meridian Medical Research into the company.
- BLS International: The company has filed a writ petition in the Delhi High Court contesting a two-year debarment imposed by the Ministry of External Affairs.
- Reliance Infra: India Ratings & Research revised the rating for Reliance Infra's bank loan facilities to 'IND C' / 'IND A4'. This downgrade follows ongoing investigations by the Enforcement Directorate (ED), which has placed a lien on the company's bank accounts and provisionally attached properties, alongside a show-cause notice from SEBI.
- Chavda Infra Limited: The company received in-principle approval from the National Stock Exchange (NSE) for a preferential issue of 80,00,000 equity shares at ₹114 each, totaling ₹91.20 crore.
📍 CORPORATE ACTIONS (DIVIDENDS, BONUSES, SPLITS)
- Orient Technologies Limited: Members approved the issuance of bonus shares in a 1:10 ratio through a postal ballot.
- Dr. Lal PathLabs: The record date for its 1:1 bonus issue was December 19, 2025.
- Unifinz Capital India Ltd: The record date for its 4:1 bonus issue was December 19, 2025.
- Space Incubatrics Technologies Ltd: A stock split from ₹10 to ₹1 was announced, with December 19, 2025, as the record date.
- Indian Oil Corporation Ltd: The record date for an interim dividend of ₹5 per share was December 18, 2025.
- Can Fin Homes Ltd: The record date for an interim dividend of ₹7 per share was December 19, 2025.
- Knowledge Marine & Engineering Works Ltd: The record date for a stock split from ₹10 to ₹5 is December 22, 2025.
- CRAMC: An interim dividend of ₹1.50 per share has a record date of December 22, 2025.
- KMEW: A face value split (sub-division) from ₹10 to ₹1 per share is scheduled for December 22, 2025.
📍 MARKET OUTLOOK & TRENDS
- Market Performance (December 19, 2025): Indian markets concluded the trading week on a positive note, with the Sensex rising 0.53% to 84,929.36 and the Nifty 50 advancing 0.58% to 25,966.40. Shriram Finance, Max Healthcare, Bharat Electronics, Tata Motors PV, and Power Grid were among the top gainers.
- Global Cues: Global markets provided a supportive backdrop, with US markets closing higher and Asian markets also showing gains.
- Institutional Flows: Foreign Institutional Investors (FIIs) were net buyers, injecting ₹596 crore, while Domestic Institutional Investors (DIIs) also showed strong buying interest with ₹2,700 crore in inflows on December 19. However, FIIs remained net sellers for the eighth consecutive week, while DIIs provided strong support with net inflows of ₹12,062 crore over the week.
- Weekly Outlook (December 22-26, 2025): Indian benchmark indices are anticipated to trade cautiously and remain range-bound in the upcoming week. The Nifty is expected to oscillate between 25,700 and 26,300, with a "buy-on-dips" strategy recommended for investors.
- Rupee Performance: The Indian rupee briefly touched an all-time low of 91.07 against the US dollar before stabilizing below the 90 mark, likely due to potential intervention from the Reserve Bank of India.
- Market Volatility: The Indian stock market has been characterized by unusual calmness, leading to subdued volatility and prompting options traders to rethink their strategies.
- New Investors: The pace of new investor additions in the equity markets slowed in November, with a 11.6% month-on-month decline, adding 13.2 lakh new investors.
TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News
Tags: India Daybook Stocks in News Corporate News Stock Market Company News