PRUDENTIAL
Reliance Industries sells 85 lakh shares of Asian Paints for Rs 1,876 cr
Billionaire Mukesh Ambani-led Reliance Industries on Monday sold 85 lakh shares of Asian Paints for Rs 1,876 crore through an open market transaction.
Oswal Pumps IPO booked 1.1X on Day 2 so far; GMP climbs on retail interest. Should you subscribe?
Oswal Pumps' Rs 1,387 crore IPO saw full subscription on Monday. Retail and non-institutional investors drove demand. The IPO received bids for 1.75 crore shares. Grey market premium indicated a potential listing gain. The company raised Rs 416 crore from anchor investors. Oswal Pumps manufactures solar pumps and related products. Revenue and profit have shown robust growth.
Capri Global bags investment from Prashant Jain, Madhu Kela in Rs 2,000 cr QIP
Ace investors Prashant Jain and Madhu Kela have invested in Capri Global Capital via its Rs 2,000 crore QIP, marking the NBFC’s first such issue in nearly a decade. The offering saw strong interest from top domestic and global institutions, boosting Capri’s capital base for future expansion across lending segments.
Diversifying your portfolio across mutual fund investment styles can get you better returns: Here’s why
Momentum, value, or quality? A fund’s style could be decisive for your portfolio.
Oswal Pumps IPO subscribed 42% on Day 1. Check GMP, price band, and other key details
Oswal Pumps IPO: As of 2:33 AM, Oswal Pumps' IPO had received bids for 48,72,168 shares against the 1,62,12,980 shares on offer. The highest demand so far has come from non-institutional investors (NIIs), who subscribed to 50% of their allotted portion. Retail investors subscribed 34%, whereas qualified institutional buyers (QIBs) subscribed 8%.
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Oswal Pumps' Rs 1,387 crore IPO opens for subscription. Should you bid?
Oswal Pumps launched its IPO on June 13, closing on June 17. The IPO price is Rs 584–614 per share. The company aims to raise funds through fresh shares and an offer for sale. Oswal Pumps already secured Rs 416 crore from anchor investors. The company manufactures solar pumps and related products.
Best value funds to invest in June 2025
When you are following value investing principles, there may be periods when your stocks would underperform in the market. All you need to do at that time is just to stick to your strategy and wait patiently. However, the last few years taught investors that it is not easy to follow. Many investors lost patience and they sold their investments.
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Oswal Pumps secured ₹416.2 crore from anchor investors before its IPO opening on June 13. The IPO includes fresh equity and an offer-for-sale totalling ₹1,387 crore. Strong interest came from top global and domestic institutional funds.
PhonePe pares 5% stake in MapmyIndia for Rs 486 crore
Following the stake sale, shares of CE Info Systems plunged 9.39% to settle at Rs 1,768.75 apiece on the BSE. The shares were sold at an average price of Rs 1,786.22 apiece, taking the transaction value to Rs 486.03 crore.
Reliance sells 3.6% Asian Paints for $900 million to SBI MF
SBI Mutual Fund purchased a 3.6% stake in Asian Paints from Reliance Industries for Rs 7704 crore, marking one of India’s biggest bilateral block deals. Reliance monetized a 17-year-old investment, reaping a 23-fold return amid competitive industry pressures.
Mutual funds reduces overall cash allocation by Rs 6,200 crore to Rs 2.17 lakh crore in May
Mutual funds have reduced their overall cash allocation by Rs 6,240 crore on a monthly basis to Rs 2.17 lakh crore in May. The cash allocation reported in April was Rs 2.23 lakh crore.
Global investor FOMO has D-Street flush with block trades & fresh IPOs
India's stock market is experiencing a resurgence, with share sales reaching $6.4 billion in May, the highest since December 2024, fueled by substantial block trades. A recent interest rate cut by the central bank has further boosted investor confidence.
ICICI Prudential Asset Management Company said to near filing for IPO
ICICI Prudential Asset Management Co., a joint venture between Prudential Plc and ICICI Bank, is preparing to file preliminary documents for an IPO with the Indian regulator. The offering, potentially valued at $1.2 billion and valuing the firm at $12 billion, could be one of India's largest this year.
NFO Alert: ICICI Prudential Mutual Fund launches Nifty Top 15 Equal Weight based passive funds
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Nifty Top 15 Equal Weight ETF and ICICI Prudential Nifty Top 15 Equal Weight Index Fund, offering investors exposure to a curated list of India’s top 15 companies by free-float market capitalization, selected from the Nifty 50 universe.
Midcap and smallcap mutual funds witness decline in inflows. Are investors shifting focus?
Mid and small cap mutual fund inflows dipped in May, reflecting investor caution amid rich valuations and global uncertainty. Experts urge aligning investments with risk profiles and asset allocation strategies to navigate these volatile segments.
Suzlon Energy in focus after Goldman Sachs, Morgan Stanley, MFs buy 1.45% stake for Rs 1,309 crore
Top investors such as Goldman Sachs, Morgan Stanley, and a clutch of mutual funds acquired a 1.45% stake in Suzlon Energy through block deals worth Rs 1,309 crore. As per NSE data, over 19.81 crore shares changed hands at an average price of Rs 66.05 apiece.
Insurers' new biz premiums up in May, policy sales fall
India's life insurance sector experienced a nearly 13% surge in new business premiums in May 2025, reaching ₹30,463 crore, driven primarily by private insurers. However, policy sales declined by 10.4% due to the new surrender value guidelines. Group business led the growth, while individual segments saw muted performance, with private insurers shifting towards higher-value policies.
Goldman Sachs, Morgan Stanley, others buy 1.45% stake in Suzlon Energy for Rs 1,309 crore
Major financial institutions like Goldman Sachs and Morgan Stanley acquired a 1.45% stake in Suzlon Energy for Rs 1,309 crore, prompting a slight increase in the company's share price. Simultaneously, Suzlon's promoter entities reduced their holdings to 11.8%. In a separate transaction, Shankara Building Products' promoter divested a 7.
UK financial regulator partners with Nvidia in AI 'sandbox'
The programme is intended to help firms in the early stages of exploring AI, offering access to technical expertise, better datasets and regulatory support, the FCA said. It is open to all financial services companies experimenting with AI. "This collaboration will help those that want to test AI ideas but who lack the capabilities to do so," Jessica Rusu, the FCA's chief data, information and intelligence officer, said.
Life insurance industry’s new business premiums up 13% in May 2025
In May 2025, India’s life insurance industry saw a 13% rise in new business premiums (NBP) to Rs 30,463 crore, despite a 10.4% drop in policies sold, due to new surrender value rules. Private insurers led growth with a 16.6% increase in NBP. LIC’s premiums rose 10.3%. Higher-value policies and group business boosted premiums, while individual regular premiums declined.
Fund Manager Talk | Pharma, traditional retail 2 contra bets for ICICI Prudential MF’s Mittul Kalawadia
ICICI Prudential's Equity and Debt Fund employs a contrarian strategy, favoring sectors like pharma and traditional retail amidst market volatility. The fund dynamically manages equity-debt allocation, rotating across market caps and focusing on overlooked opportunities with strong fundamentals. Currently, the fund maintains a higher equity allocation, around 70-73%, guided by internal models and market conditions.
UFC 316: Merab Dvalishvili beats Sean O'Malley with north-south choke in Round 3
Merab Dvalishvili retained his bantamweight title at UFC 316, submitting Sean O’Malley in the third round and extending his winning streak to 13. Dvalishvili expressed interest in defending his title against Cory Sandhagen. Kayla Harrison also secured a submission victory to claim the 135-pound title, while Kevin Holland finished Vicente Luque with a D'Arce choke.
UFC 316 fight card, schedule, and how to watch live from Newark
UFC 316 takes place Saturday, June 7, 2025, at the Prudential Center in Newark, New Jersey. The main card features a bantamweight title rematch between Sean O’Malley and Merab Dvalishvili. Fans can watch UFC 316 live via ESPN, ESPN+, and pay-per-view. Preliminary bouts begin at 6 p.m. ET.
ICICI Prudential Life disburses over Rs 900 cr as loan against traditional policies in FY25
ICICI Prudential Life Insurance disbursed over Rs 900 crore in loans against traditional policies to over 42,700 customers in fiscal year 2024-25, marking a 60% year-on-year increase. Customers can borrow up to 80% of the policy's surrender value, with digital channels being the preferred method for accessing the loan facility. At March 31, 2025, the Company had an AUM of Rs. 3.09 lakh crore and a total in-force sum assured of Rs. 39.43 lakh crore with over 9 crore lives covered.
Stocks in news: SpiceJet, JSW Energy, Bajaj Finserv, IREDA, Coal India
Indian stock markets are showing signs of recovery. SpiceJet is dealing with an insolvency tribunal matter. JSW Energy has commissioned a renewable energy project. Dr Reddy’s collaborates with Alvotech for a biosimilar drug. ICICI Prudential Life disbursed loans. IREDA launched a qualified institutional placement. Coal India signed an MoU. Bajaj Finserv promoters may sell stake.
Canara Robeco Mutual Fund announces change in name of 3 equity funds
Canara Robeco Mutual Fund will rename three equity schemes from June 20 following SEBI’s directive on uniform nomenclature. The scheme names are changing, but all other features remain unchanged.
ICICI Prudential Mutual Fund renames two equity schemes
ICICI Prudential Mutual Fund will rename two of its equity schemes—ICICI Prudential Bluechip Fund and ICICI Prudential Value Discovery Fund—effective June 16, 2025. The change, announced via a notice-cum-addendum on June 3, follows SEBI's directive for uniformity in equity scheme nomenclature issued on March 27. All other provisions of the schemes’ documents will remain unchanged.
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