MEESHO BLOCK DEAL
Zee Entertainment to buy back shares worth up to Rs 600 crore
Zee Entertainment Enterprises has approved a buyback of 65.9 million shares at ₹91 each. This move aims to boost shareholder returns and restore investor confidence. The buyback represents approximately 6.86% of the company's equity share capital. The board chairman stated that the company's intrinsic value is not reflected in the current market valuation. The record date for determining eligible shareholders is set for November 25.
Ola Electric Q2 revenue dips 39% as registrations slide
Ola Electric reported ₹421 crore in revenue for the September quarter, marking a 39% decrease from last year. The company ceased orders from direct-to-consumer stores as it shifts to a dealership model. Ola now has 255 dealer partners with over 300 stores to boost sales and reduce operating costs. Their net loss narrowed to ₹362 crore, despite lower vehicle registrations affecting their business.
Life insurers thrive on group cover in Oct as retail APE lags
Life insurance firms in India experienced a noteworthy 26% rise in new business premiums year-over-year for October, thanks mainly to robust group insurance growth. On the other hand, retail annualised premium equivalent only saw a modest uptick of 5.2%, while individual policy sales declined by 3.7%. This scenario points to retail sector hurdles, although the increasing popularity of protection products could signal potential for future expansion.
Kalyan Jewellers gains 16% in two sessions; analysts see 13% upside
In a bold move, Kalyan Jewellers India announced a significant 31% rise in revenue and a notable 64% boost in net profit. Plans include launching 84 new Kalyan stores along with expanding the Candere and Akshaya Thanga Maligai outlets. Analysts have expressed optimism, issuing 'Buy' ratings based on the growth from non-South markets, which climbed by 21%, positioning the company favorably against unorganized competitors amidst fluctuating gold prices.
Blackstone lines up $200 million loan to refinance ASK credit line
Blackstone is in the process of arranging a $200 million loan for ASK Investment Managers. This loan aims to refinance an existing sponsor-financing facility that matures in 2027. Four banks are leading this transaction, which is currently being syndicated among international lenders. The refinancing effort reflects private equity investors' strategy to manage acquisition-related debt maturities.
Sensex, Nifty mark 2-week winning run on FPI inflows
Indian equity benchmarks in Mumbai have seen a two-week winning streak with significant foreign investment. Foreign Portfolio Investors have invested over ₹75,000 crore in November, while domestic institutional investors have sold shares worth around ₹46,835 crore. The BSE Sensex and NSE Nifty both experienced mild increases despite profit booking by domestic investors. Brent crude oil prices have declined, contributing positively to India's macroeconomic outlook.
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Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
Government bond yields globally rose to multi-decade highs recently due to sell-offs in sovereign debt. Investors demanded higher returns amid persistent inflation and uncertainty regarding interest rates. India's benchmark 10-year bond yield peaked at 7.50% before slightly declining to 7.24%. Recent easing geopolitical tensions and declining crude prices have supported bond market recovery. Nonetheless, the outlook remains uncertain due to inflationary pressures and concerns over fiscal sustainability.
Stocks in news: Vodafone Idea, M&M, Ola Electric, IRCTC, Oil India and Zee Entertainment
The Nifty ended marginally higher on Thursday, with analysts identifying 25,000–25,150 as the immediate support zone and 25,400–25,500 as resistance. Meanwhile, Vodafone Idea, M&M, Ola Electric, IRCTC, Oil India and Zee Entertainment are among the stocks likely to remain in focus on Friday amid earnings and company-specific developments.
DIIs book profits in longest selling streak in 4 years
Domestic institutional investors have recently unloaded more than ₹47,662 crore worth of equities amidst a market upswing. This shift showcases their tendency to lock in profits following substantial input into Indian stocks. Conversely, foreign portfolio investors have returned vigorously, investing about $8 billion since mid-October. This marks a notable change in market behavior, as local investors experience their longest selling streak in four years.
MSCI adds LIC, Coforge, Adani Green and Meesho to Emerging Markets Index
MSCI will include Life Insurance Corporation of India, Coforge, Adani Green Energy, and Meesho in its index. The changes will take effect on November 30, with passive inflows expected for these new additions. PI Industries will be excluded, leading to an estimate of outflows from this stock. Additionally, the overall number of constituents will increase to 168 in the index.
Meesho block deal: SoftBank-backed entity likely to sell 1% stake worth Rs 1,174 crore
SoftBank-backed SVF II Meerkat may sell a 1% stake in Meesho through a Rs 1,174 crore block deal. The development comes as Meesho reports narrowing losses, rising revenue and strong user growth.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
VCs hungry for kitchen startups; Vala Afshar’s blueprint for India’s AI future
Happy Thursday! Venture capital investors are betting on the premiumisation wave wafting into Indian kitchens. This and more in today’s ETtech Morning Dispatch.
RPS Ventures sells 0.9% stake in Meesho for Rs 899.7 crore
As of June 30, RPS Ventures held a 1.2% stake in Meesho. Norges Bank, Fidelity, Goldman Sachs, Morgan Stanley and Citigroup were among the buyers of the shares. The shares changed hands at Rs 233 apiece. Meesho’s stock ended 1.6% lower at Rs 236.35 on the BSE.
Meesho shares drop 4% after block deal worth Rs 900 crore. Should you buy the dip?
Meesho shares witnessed a dip on Wednesday after 3.86 crore shares changed hands in a block deal worth Rs 899.71 crore on the BSE. The transaction came a day after the stock surged nearly 10% following UBS’ 24% target price hike.
FPIs pump Rs 13,010 crore into Indian equities in second half of August
Overseas investors continued buying Indian equities for five straight fortnights. They invested over thirteen thousand crore rupees in the latter half of August. Consumer services, financials, and healthcare sectors received significant foreign portfolio inflows. Capital goods also saw renewed investor interest after previous outflows. Oil, gas, and consumable fuels experienced the largest foreign investment outflows.
WestBridge books 2.6x return on Rs 130-crore partial PhysicsWallah exit
WestBridge began monetising its holding in PhysicsWallah as the stock recovered from its post-listing lows. It is likely to continue trimming its stake in the current quarter, people aware of the matter told ET.
Block, bulk deals hit 14-month high in August at Rs 80,000 crore
Block and bulk trades worth at least ₹80,000 crore were executed during the month - the highest since June 2025. Domestic mutual funds, insurance companies, pension funds, and a clutch of foreign institutions lapped up the increased supply of shares in the market.
Block deals test valuations; gig platforms quit welfare board
Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.
Startup block-deal rush puts private valuations to the cash test
A rush of block deals in newly listed Indian startups is putting private-market valuations to the test. Early investors in Groww and Meesho have made standout returns, while late-stage investments have delivered mixed outcomes. As IPO lock-ins expire, public-market price discovery is showing which private valuations hold up and how investors are cashing out.
ETSA 2026: Jury to pick winners today; SoftBank trims Lenskart stake
The day has arrived! The elite jury of The Economic Times Startup Awards 2026 will convene in Bengaluru today to select the brightest stars in India’s startup galaxy. This and more in today’s ETtech Morning Dispatch.
Y Combinator sells Meesho shares worth Rs 970 crore in block deals; Morgan Stanley, Goldman Sachs, Citigroup among buyers
Y Combinator-linked entities sold 4.85 crore Meesho shares worth Rs 970 crore through block deals at Rs 200.01 apiece. Institutional buyers including Nippon India Mutual Fund, HDFC Life, Morgan Stanley, Goldman Sachs and Citigroup acquired significant stakes.
Y Combinator pockets Rs 970 crore from Meesho stake sale
Y Combinator has sold nearly Rs 970 crore worth of Meesho shares through a block deal, adding to its returns from the ecommerce company. The accelerator has now realised around Rs 1,050 crore from Meesho. The sale comes days after it cashed out Rs 1,435 crore from Groww.
Elevation Capital, Peak XV Partners sell 2.3% stake in Meesho for Rs 1,949 crore; stock falls
Following the stake sale, Meesho's shares fell nearly 1 per cent on Wednesday to trade at Rs 190.50 apiece on the National Stock Exchange (NSE).
Block deal alert: Meesho shares in focus as Peak XV, Elevation Capital eye Rs 1,900 crore stake sale
Peak XV and Elevation Capital plan to sell a 2.3 per cent stake in Meesho via Rs 1,900 crore block deals. This follows Meesho narrowing its Q1 net loss to Rs 133 crore, while brokerages like Citi and Morgan Stanley remain divided on near-term growth dynamics.
Lenskart block deal; Meesho's kirana push
Lenskart has drawn fresh interest from major institutional investors. This and more in today's ETtech Top 5.
Meesho IPO: GMP at 38% ahead of December 3 opening, signals strong listing sentiment
Meesho's IPO, opening December 3-5 with a price band of Rs 105-Rs 111, shows strong investor sentiment with a healthy grey market premium. Analysts see potential in India's value e-commerce growth, despite near-term profitability pressures, citing improving unit economics and user engagement.
Meesho in talks for secondary deal with Peak XV, Tiger Global at $3.5-3.9 billion valuation
Some of Meesho's angel investors and other early backers may sell shares worth around $200 million, people in the know told ET. The transaction is likely to take place at a valuation of $3.5-3.9 billion, depending on the final terms. The company, last valued at $4.9 billion, will see its valuation being cut by 20-30%.
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