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According to two sources familiar with the matter, the discussions have reached an advanced stage, and the loan is expected to be sanctioned soon.

So far in June, an average 49.5 lakh HDFC shares have exchanged hands on both the exchanges. This is 27% more than the average traded volume in the previous month, stock exchange data showed.

The new rule allows such investments to be either sold to a new scheme of the same AIF - liquidation scheme or distributed in-specie to the investors of the original AIF. An in-specie distribution involves the distribution of the investments such as shares or other securities of the AIF to its investors, instead of returning their capital in the form of cash.

Three-fourths of the net issue has been set aside for QIBs, 15% for Non-Institutional Bidders and 10% for retail investors.

The RBI has asked lenders to put in place board-approved policies for undertaking compromise settlements with the borrowers as well as for technical write-offs. The rules formalised by the board will also specify proposals for compromise settlements in respect of debtors classified as fraud or wilful defaulter.

This surge comes at a time when companies are facing the challenges of high-interest rates and volatility in the equity market, requiring stretched borrowers to explore private credit as an alternative for raising capital.

​The net interest margins will compress as the deposit rates go up. And we will also not see the benefits due to lower NPA creation accretion because that touched a record low last year.

Markets regulator SEBI has passed an interim order, barring Eros International Media, and four other entities from the securities market until further notice on alleged breach of trade practices regulations.

Well, definitely, we have been positive on the power sector for a very-very long time and our favourite for the last one-and-a-half year have been NTPC, that is a number one favourite.

Private equity firm Carlyle Group has sold its entire 2.53% stake, equivalent to 1.84 crore shares, in supply chain management company Delhivery. Carlyle sold the stake for a sum of INR709 crore ($93.4m) in a block deal. Norges Bank acquired around 0.55% in Delhivery, while Goldman Sachs and Morgan Stanley each purchased 0.07%, and Société Générale picked up a 0.31% stake. Avendus, Citigroup, Barclays, Regal Investment Fund, and the Saudi Central Bank were among the other buyers. Carlyle had first invested in Delhivery in 2017 in a $100m funding round.