UNLISTED SHARES
Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concerns
India’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and valuations. Using demat data, authorities are probing deals from 2019–23 for potential tax evasion, round-tripping and money laundering, with non-compliance likely to trigger scrutiny, tax demands and litigation.
NSE IPO can unlock Rs 12,000 crore for PSU insurers, boost solvency
The impending listing of the National Stock Exchange is poised to significantly bolster the financial health of three state-run general insurers. Their combined stake in the exchange, valued at approximately ₹11,500-12,000 crore, could improve their solvency ratios by nearly one percentage point, offering a substantial boost to their balance sheets.
Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department
The Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transactions. This includes buying property above the specified value, opening bank accounts, and making certain cash payments. The revamped forms aim to simplify compliance, with reduced reporting expected for these declarations.
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hub
Indian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC, and Singapore emerging as key contenders. Each hub offers distinct advantages in access, tax efficiency, and regulatory comfort, catering to different investor profiles from first-generation entrepreneurs to established family offices.
NSE IPO: Unlisted shares crash despite offer buzz. Are late buyers locked out of OFS route?
NSE’s unlisted shares have declined despite IPO buzz as eligibility rules restrict last-minute participation in the offer-for-sale. With a one-year holding requirement in place, new investors are locked out of the OFS route, shifting focus to valuations and post-listing performance in an increasingly selective primary market.
ETMarkets Smart Talk | AI boom driving Indian family offices to global markets; US offers richer playbook: Amit Goel
Indian family offices are increasingly looking beyond domestic markets as the global AI boom reshapes investment strategies. Limited pure-play AI opportunities in India are pushing ultra-HNIs to allocate more capital to global markets, especially the US, where AI, cloud, and digital infrastructure offer broader opportunities, aided by easier overseas investing routes like GIFT City.
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Chinese chipmaker YMTC plans new factories amid heightened US-Sino trade tensions, sources say
China has been keen to wean itself from foreign technologies such as semiconductors - a critical sector that the U.S. has sought to limit Chinese advancements in. This month, a cross-party group of U.S. politicians proposed imposing further restrictions nL6N40M0EZ on exports of chipmaking tools to China.
NSE's Rs 20,000 crore mega IPO: Who can sell shares via OFS? Check eligibility, deadlines and more
The National Stock Exchange’s Rs 20,000 crore IPO is nearing launch, with a June DRHP filing expected. The issue will be a pure OFS, allowing only shareholders who held fully paid-up NSE shares since June 2025 to sell. Eligible investors must file EOIs by April 27, 2026.
Tata Chemicals, Tata Investment Corp shares rally up to 12% amid Tata Sons IPO buzz
Shares of Tata Chemicals and Tata Investment Corporation rose sharply on Monday amid growing buzz around a potential Tata Sons IPO. Support from key Tata Trusts members and stakeholders has raised expectations of value unlocking and improved governance.
BSE loses ‘cheap’ tag post 80% rally in one year. Can Q4 performance, NSE IPO drive rerating?
Shares of BSE have surged nearly 80% in a year, backed by strong derivatives growth and operating leverage. Experts see Q4 earnings and the potential National Stock Exchange of India IPO as key triggers for further rerating, though they advise investors to buy on dips amid elevated valuations and sustained momentum.
Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planning
Whether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can significantly alter the legal consequences of an arrangement. in matters of taxation, precision in drafting is not merely good practice but an essential safeguard.
RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+
Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classification. This change could affect Tata Sons' plans to avoid listing. Government-owned NBFCs may also face stricter regulations. The RBI aims for a clearer, simpler system for all.
Tata Investment, Tata Chemicals shares surge up to 8% after Mistry backs Tata Sons listing push
Shares of select Tata group companies moved sharply higher after Shapoorji Pallonji Mistry backed the case for listing Tata Sons, calling it a "necessary revolution" rather than a regulatory compulsion. Tata Chemicals rose as much as 8%, while Tata Investment Corporation gained around 6%, reflecting renewed investor interest in holding company and group-linked plays.
Zee Entertainment cancels $215 million FCCBs after bondholders seek exit amid geopolitical tensions
Zee Entertainment has cancelled over $215 million in unutilised foreign currency bonds. The company will also redeem $23.9 million in outstanding bonds. Zee is restructuring its content business, transferring a division to a subsidiary. It will invest in this subsidiary and also acquire a stake in a new creative entertainment entity.
NSE IPO: Can you buy shares now to participate in OFS? All about the Rs 20,000 crore opportunity
India's largest stock exchange is proceeding with its IPO via an offer-for-sale (OFS), allowing eligible existing shareholders to sell their holdings. This move aims to gauge investor interest for a potential Rs 20,000 crore public offer, with a strict one-year holding period for participation.
US Stock Market | Nasdaq speeds up big tech entry with new fast-track index rules
Nasdaq is changing its rules for the Nasdaq-100 index. New large companies can now join faster. This aims to keep the index updated with big firms. The changes will start in May. This move reflects companies staying private longer. It also addresses fewer US companies listing publicly. Faster entry means more visibility and investor interest for new market leaders.
NSE contacts investors for OFS participation in over Rs 20,000 crore IPO: Report
National Stock Exchange of India has taken a key step toward its IPO by issuing an offer-for-sale (OFS) letter to shareholders, formally initiating the listing process. The entire issue will be through OFS, with eligibility limited to those holding shares since June 15, 2025.
Reinvested Dabur dividends created valuable non-core assets: Gaurav Burman
The Burman family’s strategic foresight over the past three decades has led to the creation of an impressive portfolio of non-core assets through reinvesting dividends from Dabur. This unique approach not only mirrors Dabur’s market strength but also reinforces their financial legacy.
Brand Concepts bulk deal: Ashish Kacholia exits microcap as stock price erodes 36% in a year
Ashish Kacholia sold his entire 1.44% stake in Brand Concepts via a bulk deal worth ₹3.9 crore. The sale follows weak microcap performance, with the stock down 36% over a year and 6% today.
Concentration risk in PMS & curated portfolios: Lessons ahead of Sebi’s 2026 overhaul
India's Portfolio Management Services (PMS) sector is booming, reaching ₹41.59 lakh crore. While concentration can drive returns, SEBI's 2026 rule changes aim to enhance governance and investor protection. The article highlights the hidden risks of layered concentration in both PMS and curated portfolios, urging investors to understand their true economic exposures beyond superficial diversification.
Bought DLF Camellias flat with Rs 9.82 crore discount, faced tax notice; ITAT gives relief
The Income Tax Tribunal ruled that property purchase discounts are not taxable as income. A homebuyer received a Rs 9.82 crore discount on a Rs 32.95 crore flat, which the IT department tried to tax. The tribunal also allowed a Rs 9.65 crore capital gains exemption, reversing the lower authority's decision.
India’s journey to third-largest economy to boost flows via GIFT IFSC: Subho Moulik
India's economic ascent to become the world's third-largest economy is poised to attract substantial global capital, with GIFT IFSC emerging as a crucial conduit for these investments. Experts highlight the platform's growing role as a gateway for both inbound and outbound capital, driven by diversification needs and regulatory support.
NSE IPO opens door for thousands of shareholders to sell stock
Thousands of National Stock Exchange shareholders may soon get an exit opportunity via the bourse’s upcoming IPO, as it plans to allow eligible unlisted investors to tender shares under the offer-for-sale route. The process, expected to take over a month, will precede the filing of draft papers with regulators, likely by end-May, as required by the regulations.
Apsis Aerocom shares list at 39% premium over IPO price on NSE SME platform
Apsis Aerocom made a strong market debut, listing at a 39% premium on the NSE SME platform. The IPO was subscribed over 129 times, driven by strong retail and NII demand. Robust financial growth and its presence in aerospace and defence manufacturing further boosted investor sentiment and listing gains.
NFRA, ICAI mull mechanism to boost regulatory coordination
To promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for better coordination. This proactive measure is designed to smooth over previous public disputes and enhance teamwork.
Gaurs Group pre-sales lift 12% to Rs 5,347 crore on housing demand boom
Realty firm Gaurs Group reported a 12% increase in sales bookings, reaching Rs 5,347 crore in the first nine months of the fiscal year. Strong demand for residential and commercial properties fueled this growth. The company sold approximately 5.92 million square feet across 2,578 units. Residential properties constituted nearly 95% of total bookings.
NSE IPO optimism lifts IFCI shares by 11%. What's the connection?
IFCI shares surged over 11% after the National Stock Exchange (NSE) appointed 20 merchant bankers and eight law firms for its upcoming IPO. IFCI holds an indirect stake in NSE through its subsidiary, Stock Holding Corporation of India, which could be a selling shareholder in the offer-for-sale.
Srinibas Pradhan Constructions shares list at 2% premium over IPO price on NSE SME platform
Shares of Srinibas Pradhan Constructions listed at a 2% premium on the NSE SME platform, opening at Rs 100.05 versus the IPO price of Rs 98. The debut matched muted grey-market expectations, with the IPO seeing modest subscription demand and the company reporting a strong order book and steady financial growth.
NSE hires 20 merchant bankers, 8 law firms for IPO
The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). The IPO will be an offer for sale, with existing shareholders expected to offload approximately 4-4.5% of the exchange's equity. NSE is currently valued at around ₹5 lakh crore in the unlisted market.
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