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In an exclusive interview with ET, Bansal shared that Navi is actively engaging with bankers to determine the right timing for the IPO. While the exact dilution and valuation details have not been finalised, Bansal confirmed that the company is in a strong position and evaluating its options.

European governments are poised to further scale up their plans for defence spending in the coming years, which should benefit the equity prices of European defence companies

Since September 27, the Nifty Smallcap 250 and Microcap 250 indices have plunged 21.4% and 20.2%, respectively, while the Nifty Midcap Index has slumped 17.7% in the same period.

The broad-based nature of the selloff in the market has hurt some of the largest individual investors in the country.

The company is looking to refinance debt at around 18%, down from the earlier 22-23% borrowing costs. The 540 MW power plant struggled to sustain its original debt, especially when valuations dropped to Rs 2 crore per MW, justifying only Rs 1,100 crore in debt. However, with valuations now improving to Rs 3-Rs 3.5 crore per MW, the viable debt level has risen to around Rs 1,600 crore.

360 ONE Asset is set to acquire a 15% stake in Bharti AXA Life Insurance, aiming to boost innovation and expand market reach. The investment will help Bharti AXA enhance its product offerings and address consumer needs, with the deal awaiting regulatory approvals.

Sebi barred DGS Capital Management from onboarding new clients after it failed to maintain the ₹5 crore net worth requirement. With ₹201 crore AUM, the firm has 15 days to comply or face registration cancellation or suspension.

Morgan Stanley sold over 7.58 lakh shares of Ajax Engineering at Rs 588.74 each via a block deal. Ajax s stock debuted at a discount but showed gains at market close. Analysts remain optimistic about the company s long-term prospects, given its market position in concrete equipment manufacturing.

Vedanta Ltd. s creditors are set to vote on a plan to split the company into at least five businesses in a move aimed at simplifying its structure and managing debt. The demerger will see the creation of distinct units for aluminum, oil & gas, power, steel, and semiconductors, potentially attracting new investors.

Bharti Airtel s promoter, Indian Continent Investment, plans to divest 4.82 crore shares (0.8% stake) at a floor price of ₹1,658.80 per share. Bharti Airtel stock closed 2.42% lower at ₹1,675.55 on Monday.