AGP Executive Report
Last update: 11 hours agoNSE IPO Watch: India’s National Stock Exchange is set to open its long-awaited IPO for subscription on Sep 17, but the deal is shrinking as existing shareholders cut their offer-for-sale; the likely size is now around Rs 23,000 crore (from ~Rs 30,000 crore), with the price band expected at Rs 1,700–1,785 and anchor bidding on Sep 16. Mauritius-Linked Finance: Morgan Stanley-linked MS Strategic (Mauritius) is among sellers trimming its NSE stake, reflecting a push for better post-listing valuation. Mauritius Tourism Push: Mauritius Tourism Promotion Authority says it welcomed 51,005 Indian visitors in Jan–Jul 2026, up 14.5%, after a four-city push in Pune, Chennai, Kolkata and Hyderabad. Local Policy—Fisheries: Mauritius approved amended regulations for its fisheries electronic reporting system to curb IUU fishing, tightening ERS repair timelines and restricting fishing until units are fixed and verified. Africa Connectivity: IndiGo will launch daily Mumbai–Dar es Salaam flights from Nov 20, boosting trade and tourism links between India and East Africa. Digital Payments—BRICS: India is pushing BRICS to use central bank-backed digital currencies for cross-border payments, while avoiding a single bloc-wide payments network that could challenge the dollar. Energy Outlook (Regional): Nigeria’s Dangote Refinery is in focus as an investor roadshow theme, with projections of major GDP growth by 2030 tied to industrial investment and energy reliability.
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