TVS Capital Invests ₹500 Crore in Neo Wealth & Asset Management.
TVS Capital has invested ₹500 crore in Neo Group. The company said the fresh funds will be used to accelerate its growth and strengthen its specialised, knowledge-driven offerings for clients. The investment values Neo Group at a pre-money valuation of ₹10,000 crore.
SBI Mutual Fund files IPO papers with SEBI
SBI Mutual Fund has filed draft IPO papers with Securities and Exchange Board of India.
The IPO will be entirely an Offer for Sale (OFS), with up to 20.37 crore equity shares being sold. This represents around a 10% stake in the company
PhonePe has temporarily paused its IPO
PhonePe has temporarily paused its IPO plans due to geopolitical tensions and global market volatility
Navi has launched motor insurance
Navi has launched motor insurance via its general insurance arm, offering fully digital car and two-wheeler policies
