AGP Executive Report
Last update: 10 hours agoMauritius-linked finance in focus: SEBI has cleared the National Stock Exchange’s long-delayed IPO, issuing its observation letter for a proposed ₹30,000-crore offer for sale of 14.89 crore shares—potentially India’s biggest-ever public issue—after nearly a decade of regulatory delays; NSE is expected to announce the price band next week, with a possible mid-September opening and listing around September 24-25. Market enforcement: SEBI has also started hearings to recover gains from trades it suspects benefited from prior knowledge tied to Hindenburg Research’s Adani report, with the alleged short positions routed via a Mauritius-based fund linked to Kotak International. Local business signal from Mauritius: Dr Moopen’s family, via Union (Mauritius) Holdings, increased its stake in Aster DM Quality Care to 24.58% after buying an additional 0.57% for about ₹350.34 crore from TPG-backed Centella Mauritius Holdings. Trade & growth angle: India’s commerce ministry says recent FTAs—including Mauritius—have opened duty-free access across major sectors, with officials pointing to export opportunities in engineering, electronics, chemicals and pharma. Corporate updates: IUX (Ebene Cybercity) launched two new finance podcasts—IUX Market Trendline and The Market Journey—from September 4.
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