The rising popularity of UPI has raised concerns about concentration risk in the market, particularly with the slowdown experienced by Paytm. With PhonePe and Google Pay dominating UPI transactions, the potential for further market skewing exists if Paytm loses more ground.
Despite the deadline for implementing a 30% market cap approaching, clarity on its execution is lacking.
B Capital, a global investment firm that has backed Meesho, Bjyus, etc in India, closed its second Opportunities fund at $750 million. The fund, with participation from existing and new investors, will focus on late-stage investments in technology, healthcare, and climate tech sectors across North America and Asia.
SoftBank India has elevated its investment director Sarthak Misra to a partner. Sarthak sits on the board of Meesho and OfBusiness besides working closely with companies like Swiggy and Lenskart.
Investors are scaling back investments in small-cap stocks due to high valuations and increased market volatility, with small-cap funds representing only 21.3% of monthly folio additions in February 2024, the lowest in 20 months according to AMFI data.
Despite small-cap funds adding 79.9 lakh folios in the past year, the category’s share of gross inflow and net inflow hit 10-month and 20-month lows respectively in February.
India’s first regulated real estate and infrastructure asset tokenisation platform is poised to launch at GIFT City, aimed at democratizing investments in the sector through fractional ownership using asset tokens.
Overseen by the International Financial Services Centres Authority (IFSCA), Realdom India, a member of Nasscom’s T-AIM initiative, is among the entities granted conditional approval to establish the platform, named Pinvest Exchange. Through blockchain technology, the platform will enable investors to access growth opportunities while providing asset owners with capital.
This move is expected to bridge the gap between retail investors and the real estate sector, facilitating efficient investment and trading processes.
SEBI has proposed that issuer companies listing on the main board should provide audio-visual (AV) disclosures in English and Hindi, based on the draft red herring (DRHP) and red herring (RHP) prospectuses of public issues.
The AV, with a maximum duration of 8 minutes, aims to enhance understanding of key aspects of the proposed public issue. It will cover material disclosures including risk factors, capital structure, objectives, business details, financial information, litigations, and material developments.
The AV will be published within five working days of DRHP submission and shared via digital/social media platforms and QR codes for accessibility.
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