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The deal will unlock value in IIFL Finance, which has a ₹52,000 crore loan book and market capitalisation of ₹12,500 crore. IIFL Home Finance has a loan book of ₹24,000 crore and market value of ₹11,000 crore.

It had a market share of nearly half to almost 97% in all the other segments of the passenger vehicle industry in fiscal 2022 ended March 31. But in SUVs, the fastest growing segment where the rivals are putting their focus, its share was only 12%.

These banks raised their respective external benchmark lending rates (EBLR) by 50 basis points (bps), matching the latest increase in the repo, or the rate at which RBI lends short-term funds to commercial banks. One basis point is 0.01 percentage point.

Crypto prices have been in a slump this year as the Federal Reserve withdraws stimulus and hikes rates to combat inflation.

Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding Ltd, aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month, the sources said, declining to be named due to the sensitivity of the matter.

Sebi observed that F6 Finserve and F6 Commodities are connected with each other on the basis of same registered office and common promoter-directors -- Pankaj Goel and Meenu Goel. While Deepak and Ruchika were former directors at F6 Finserve.

The Nifty Realty index closed 0.26 per cent up at 405.3.

“The growth numbers that the RBI has put out are perhaps too conservative. I believe that the consensus growth forecast which is somewhat closer to the RBI’s forecast, is also very conservative. The growth momentum in the Indian economy is quite strong and those numbers can be beaten quite handsomely.”

In the portfolio of 22 stocks, ITC is the largest holding with 8.9 per cent. Other major investments include Bajaj Holdings & Investment, HDFC, ICICI Bank, Hero Moto, HCL Tech, Axis Bank and Power Grid Corporation of India.The latest entrant in the portfolio, Coal India, however, forms just 0.16 per cent of the portfolio.

Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies.