Good morning
Vande Mataram
Daily Financial Digest
Date: Thursday, 12 June 2025
Compiled by: Rudra Shares
Leadership & Corporate Moves
* Shantanu Mitra to step down as CEO & MD of SMFG India.
* Rekha Jhunjhunwala offloads 2% equity stake in Nazara Technologies between June 2–6.
* Tata Communications delays its goal to double data revenue by a year; Nuvama rates it a "Buy", MOSL remains "Neutral".
Fundraising & IPO Activity
* Nuvoco Vistas plans to raise ₹1,200 crore for Vadraj Cement buyout.
* Pine Labs to file for IPO worth up to ₹6,000 crore by month-end.
* NSDL's ₹3,400 crore IPO expected in July.
* Orkla India submits IPO papers to SEBI.
* IREDA raises ₹2,006 crore via QIP; LIC picks up 50% stake worth ₹1,003 crore.
* NTPC to raise \$750 million from Bank of Baroda and HDFC.
* Adani Group plans airport unit IPO by 2027 as part of \$100 billion capex drive.
Policy & Regulatory
* Financial regulators working on a universal KYC framework.
* SEBI to launch new UPI mechanism for MFs and brokers.
* SEBI introduces new safeguard feature ‘Valid’ for UPI to prevent fraud.
* Electricity Futures to launch soon on two major exchanges; NSE receives SEBI approval.
* Three individuals settle their case with SEBI in Brightcom Group matter
Energy & Commodities
* Private fuel retailers gain market share as PSUs resist lowering prices.
* IOC cancels bond issue for better pricing amid liquidity conditions.
* Sterlite Tech secures ₹2,631 crore BharatNet contract from BSNL for J\&K and Ladakh.
Sectors & Industry Trends
* Microfinance sector sees a decline in equity and borrowing in FY25.
* Paint companies under profitability pressure due to intense competition.
* India's probiotics market doubles in 5 years to reach ₹2,070 crore in 2025.
* Zydus plans strategic revamp of Complan brand in line with wellness trends.
* Hero MotoCorp, Bajaj Auto, M\&M, and TVS Motor shares rise on China’s expected easing of rare earth access.
Real Estate & Infrastructure
* India ranks 7th globally in cross-border land and development investments (Q1 2025).
* Liquidator puts Jet Airways’ BKC office in Mumbai up for sale.
Markets & Investments
* CreditAccess Grameen secures \$100 million multi-currency syndicated social loan; shares surge.
* HSBC bullish on life insurance sector; prefers HDFC Life.
* Small & midcap indices fall on profit-booking after multiple sessions of gains.
* IEX shares crash amid fears of market coupling and stakeholder meeting talks.
* Marshall Wace exits stakes in Eternal, ICICI Bank, Schaeffler India, and M\&M through block deals.
Automotive & Retail
* Vehicle sales slow down, ₹52,000 crore in unsold stock piles up.
* Maruti Suzuki shares drop after delay in e-Vitara launch and trimmed production targets.
* Jubilant FoodWorks promoters seek ₹2,000 crore Coca-Cola bottler deal (Domino’s to Coke).
Jai Hind
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