GIFT IFSCA Reduces Minimum PMS Investment to ₹65 Lakh: Key Regulatory Changes

The Gujarat International Finance Tec-City (GIFT City) has introduced significant regulatory changes to enhance its financial ecosystem. In a recent circular, the International Financial Services Centres Authority (IFSCA) announced the reduction of the minimum investment size in Portfolio Management Services (PMS) from USD 150,000 (₹1.30 crore) to USD 75,000 (₹65 lakh). This move aligns with the finance ministry’s objective of reducing compliance costs and simplifying regulations.

Alongside this change, IFSCA has implemented multiple reforms in fund management, venture capital, and manpower requirements to improve market accessibility. Below is an overview of the revised Fund Management Regulations 2025.

Key Revisions in Fund Management Regulations 2025

Non-Retail Schemes: Venture Capital & Restricted Schemes

The revised framework aims to enhance fundraising flexibility and increase investment opportunities for fund management entities (FMEs):

  • The minimum corpus requirement was reduced from USD 5 million (₹43.36 crore) to USD 3 million (₹26 crore).
  • The validity of the Private Placement Memorandum (PPM) was extended to 12 months, facilitating smoother fundraising.
  • Open-ended schemes are allowed with a minimum corpus of USD 1 million (₹8.67 crore), provided they raise USD 3 million (₹26 crore) within 12 months.
  • FMEs can now invest up to 100% in their group schemes, up from the previous cap of 10%, subject to 75% approval from existing investors.

Reforms in Manpower Requirements

To strengthen fund management and operational oversight, IFSCA has introduced new staffing and certification mandates:

  • FMEs managing assets over USD 1 billion (₹8,674 crore) must appoint an additional Key Managerial Personnel (KMP) within six months.
  • Employees of large-sized FMEs must obtain certifications from IFSCA-specified institutions to ensure regulatory compliance and expertise.

Retail Schemes & Alternative Investment Funds (AIFs)

Regulatory flexibility has been introduced for retail and alternative investment funds to enhance investor participation:

  • The minimum corpus requirement was reduced to USD 3 million (₹26 crore), providing more flexibility for fund structuring.
  • Retail Fund of Funds (FoFs) are exempted from single-sector and single-company restrictions if the underlying fund meets investment norms.
  • Individual investments exceeding USD 10,000 (₹8.67 lakh) no longer require stock exchange listing, simplifying investor participation.

Other Developments and Compliance Relaxations

Beyond fund management, IFSCA has introduced measures to streamline compliance and facilitate global expansion for fund houses:

  • FMEs will now have 12 months to comply with regulatory requirements, offering a more practical transition period.
  • Global expansion rules have been eased, allowing FMEs to open overseas branches for marketing purposes without prior IFSCA approval.
  • FMEs can park funds in bank deposits and overnight schemes for short-term liquidity management.

Conclusion

The revised fund management regulations at GIFT City mark a step towards making India’s International Financial Services Centre more competitive and investor-friendly. With reduced investment thresholds, greater regulatory flexibility, and eased compliance requirements, these reforms are expected to attract more global and domestic investors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

1:5 Stock Split Announced: Shangar Decor Stock Price Under ₹10 Hits Upper Circuit – Check Record Date!

Shangar Decor Ltd.’s share price, trading below ₹10, hit an upper circuit on the Bombay Stock Exchange (BSE) at 9:46 AM on February 25, 2025. Investor interest surged following the company’s announcement of a 1:5 stock split. 

An upper circuit is a price limit imposed by the exchange to control excessive volatility. When a stock hits its upper circuit, it signals strong buying interest with no sellers at lower prices, often driven by major corporate developments.

1:5 Stock Split – Key Details and Record Date

Shangar Décor Ltd passed a resolution on February 21, 2025, approving a stock split to enhance liquidity and accessibility.

Record Date: Friday, March 7, 2025
Stock Split Ratio: 1:5 (One share of ₹5 face value will be split into five shares of ₹1 each, fully paid-up).

A stock split does not impact the company’s total market capitalisation but increases the number of shares available in the market. This makes shares more affordable for retail investors and can potentially boost liquidity and trading volume.

About Shangar Décor Ltd.

Founded in 1995, Shangar Décor Ltd. is a well-established Ahmedabad-based company specialising in event décor and management. The company offers premium services in:
Pre-wedding & wedding decor, Corporate & religious event setups, Property & lighting décor
Catering services. With 40+ years of experience, Shangar Décor follows a B2E (Brand to Everyone) approach, focusing on customer satisfaction as the key to business success.

Conclusion 

A stock split typically results in greater accessibility and improved liquidity. However, it does not change the company’s fundamentals. Investors should consider financial performance, growth prospects, and market conditions before making investment decisions.

As Shangar Decor’s 1:5 stock split takes effect, all eyes will be on how the stock price reacts post-split.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Jyoti Structures Secures ₹389 Crore Project from Adani Energy

Jyoti Structures Limited has received an order worth ₹389.36 crore from Adani Energy Solutions Limited. The contract covers the supply of towers, survey, soil investigation, foundation work, erection, stringing, testing, and commissioning of the 765 kV DC transmission line between Boisar II and Pune III.

The project is to be completed within 18 months from LOA awarded date.

Order Details

According to Jyoti Structures’ exchange filing, the order includes a full turnkey execution. The company will handle everything from supply to installation and commissioning. The project is scheduled for completion in a year and a half from the date of the award.

Company’s Existing Order Book

Before this order, Jyoti Structures had an order backlog of approximately ₹2,000 crore. This includes a ₹741 crore contract for an 800 kV High Voltage Direct Current (HVDC) project from Power Grid Corporation of India Limited.

In October 2024, the company secured another order from Adani Energy Solutions worth ₹450 crore for a transmission line project in Gujarat. That project is expected to be completed by April 2026.

In August 2024, it received a ₹106 crore order for tower supply for a 765 kV transmission line, with a 10-month deadline. Another ₹118 crore order was awarded in July 2024 for the construction and part supply of a 765 kV transmission line.

Manufacturing Expansion 

To meet growing demand, Jyoti Structures is restarting its second tower manufacturing unit in Nasik by March 2025, adding 33,000 MT of capacity to its existing 36,000 MT. It is also considering resuming operations at its Raipur unit, which has a 40,000 MT annual capacity.

The company is also planning a ₹500 crore rights issue, announced in November 2024. Further details, including the pricing and record date, are yet to be disclosed.

Stock Performance 

On February 25, 2025, Jyoti Structures’ share price fell 2.4% to ₹16.91 at 12 PM, continuing a five-day losing streak. The stock has dropped 35.70% over the past six months and 25.75% in the past year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Nazara Technologies Invests ₹43.7 Crore to Acquire 60% Stake in Funky Monkeys

Nazara Technologies Ltd has strengthened its portfolio by acquiring a 60% stake in Funky Monkeys, making it a subsidiary. This strategic move aligns with Nazara’s expansion into the interactive entertainment and gaming sectors.

Investment in Funky Monkeys Play Centre Private Limited

 Nazara Technologies Limited has made a strategic investment in Funky Monkeys Play Centre Private Limited. The company has been allotted 3,61,773 equity shares, each valued at ₹10, representing 21.43% of the company’s equity share capital. This allotment was made against a subscription payment of ₹15 crores.

Acquisition of Additional Stake

Along with the allotted shares, Nazara Technologies has also purchased an additional 6,51,204 equity shares from existing shareholders. These shares, each valued at ₹10, account for 38.57% of the company’s equity capital and were acquired for a cash consideration of ₹28.7 crores.

Nazara’s Majority Ownership

With the completion of this transaction, Nazara Technologies now holds 60% of the total equity share capital of Funky Monkeys. This majority stake means that Funky Monkeys has officially become a subsidiary of Nazara Technologies Limited.

About the companies 

Nazara Technologies Limited is a well-known gaming and sports media company with a presence in India, the Middle East, Africa and Europe. It specialises in interactive gaming, e-sports and gamified learning, catering to a diverse audience across multiple platforms.  

Funky Monkeys Play Centre Private Limited, Funky Monkeys is a leading indoor play centre designed exclusively for children, offering a safe and engaging environment for fun activities. It operates multiple outlets across India, focusing on providing entertainment and physical development for young kids.

Share Performance 

As of February 25, 2025, at 9:30 AM, the shares of Nazara Technologies Ltd are trading at ₹933 per share, reflecting a surge of 1.63% from the previous day’s closing price. Over the past month, the stock has registered a loss of 1.49%. The stock’s 52-week high stands at ₹1,117 per share, while its 52-week low is ₹591.50 per share.

Conclusion

Nazara Technologies’ acquisition of a 60% stake in Funky Monkeys marks a strategic expansion into the children’s entertainment sector. This move strengthens its portfolio in interactive entertainment, aligning with its broader vision of diversification in gaming and experiential play. The acquisition reinforces Nazara’s market presence while enabling Funky Monkeys to leverage its expertise for further growth and innovation in the indoor play industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Shree Cement Receives ₹41.10 Crore GST Demand Order from Bihar Authorities

Shree Cement Ltd, a Rajasthan-based cement manufacturer, has been served a Goods and Services Tax (GST) demand order from the Deputy Commissioner, State Tax, Special Circle, Patna, Bihar. The order, amounting to ₹41.10 crore, includes tax, interest, and penalties. The company has stated that the demand does not significantly impact its financial position and plans to contest it through an appeal.

Breakdown of the GST Demand

The GST demand order, issued in Form GST DRC-07, cites valuation discrepancies and excess Input Tax Credit (ITC) availed as the primary reasons. The total amount of ₹41.10 crore comprises a tax demand of ₹23.55 crore, interest of ₹15.19 crore, and a penalty of ₹2.35 crore. The order was communicated to the company on 24 February 2025.

Company’s Response and Next Steps

Shree Cement has stated that it does not agree with the contentions raised in the order and intends to challenge the demand under Section 107 of the Bihar GST Act. The company plans to file an appeal before 23 May 2025, which is within the prescribed three-month period from the date of order communication. Despite the demand, the company asserts that there is no significant financial impact on its operations.

Shree Cement Share Performance

 As of February 25, 2025, at 1:15 PM, the shares of Shree Cements Ltd are trading at ₹28,073.30 per share, reflecting a decline of 0.77% from the previous day’s closing price. 

Conclusion

Shree Cement Ltd is preparing to challenge the ₹41.10 crore GST demand imposed by Bihar tax authorities, citing valuation issues and excess ITC claims. The company has clarified that the order does not materially affect its financial position and will pursue legal recourse within the stipulated timeframe.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Government Approves Fund Raise Plan for 5 Public Sector Banks

Bank of India’s Managing Director and CEO, Rajneesh Karnatak, stated on 21 February that the Central Government could further reduce its stake in public sector banks (PSBs). This move comes as lenders anticipate an increased capital requirement to support economic expansion. His remarks were made during a panel discussion at the IIM Kozhikode-NSE 2nd Annual Conference on Macroeconomics, Banking, and Finance.

Government’s Strategy for Stake Reduction

The government has approved fund-raising plans of up to ₹10,000 crore for 5 PSBs through Qualified Institutional Placement (QIP) and Offer-for-Sale (OFS). The approved QIP amount stands at ₹2,000 crore per bank, covering Indian Overseas Bank, Bank of Maharashtra, Punjab & Sind Bank, UCO Bank, and Central Bank of India. These fund-raising measures will be executed in phases starting from the current financial year. The Department of Investment and Public Asset Management (DIPAM) has been tasked with stake divestment through OFS to enhance public shareholding.

Meeting Regulatory Requirements

The Securities and Exchange Board of India (SEBI) mandates all listed companies to maintain a minimum public shareholding of 25%. While the original deadline for PSBs to comply was 1 August 2024, it has now been extended to 1 August 2026. Indian Overseas Bank’s MD and CEO, Ajay Kumar Srivastava, stated that the bank aims to reduce the government’s stake by 2-2.5% through a ₹2,000 crore QIP in the fourth quarter of the current financial year. Similarly, Bank of Maharashtra’s MD and CEO, Nidhu Saxena, expressed confidence in meeting the minimum public shareholding norm after the second tranche of QIP in the next financial year.

Conclusion

The government is gradually reducing its stake in public sector banks to facilitate additional capital infusion and align with SEBI’s public shareholding norms. These strategic moves are expected to support the banking sector’s growth while maintaining regulatory compliance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RBI Eases Withdrawal Restrictions on New India Co-operative Bank

The Reserve Bank of India (RBI) has partially eased withdrawal restrictions on New India Co-operative Bank, allowing customers to withdraw up to ₹25,000 from their deposit accounts starting February 27, 2025. This follows the imposition of All-Inclusive Directions (AID) on February 13 due to supervisory concerns.

RBI’s Initial Restrictions and Management Changes

On February 13, 2025, the RBI imposed restrictions on Mumbai-based New India Co-operative Bank, prohibiting deposit withdrawals to safeguard depositors’ interests. The central bank cited supervisory concerns stemming from recent material developments within the bank. Following this, RBI superseded the Board of Directors for a year and appointed Shreekant, former Chief General Manager of the State Bank of India (SBI), as Administrator to oversee the bank’s operations.

To support the Administrator, the RBI also constituted a Committee of Advisors (CoA). Initially formed with specific members, the CoA was later restructured on February 25, 2025, comprising Ravindra Sapra (former General Manager, SBI), Ravindra Tukaram Chavan (former Deputy CGM, Saraswat Co-operative Bank), and Anand M Golas (a chartered accountant).

Relaxation of Withdrawal Limits and Future Oversight

After reviewing the bank’s liquidity position with the Administrator, the RBI decided to allow deposit withdrawals of up to ₹25,000 per depositor from February 27. This relaxation enables over 50% of depositors to withdraw their entire balances, while the rest can access up to ₹25,000, depending on their account balance. Withdrawals can be made via bank branches or ATMs, subject to the stated limits.

The restrictions, initially imposed for 6months, will remain in effect until further review. Meanwhile, the RBI has assured close monitoring of the bank’s operations. Additionally, eligible depositors can claim up to ₹5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC) under the deposit insurance scheme.

Conclusion

The RBI’s decision to ease withdrawal limits provides relief to a significant number of New India Co-operative Bank’s depositors. While restrictions remain in place, the central bank continues to oversee the bank’s functioning to ensure financial stability and depositor protection.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Sathlokhar Synergys E&C Global Receives Order from Reliance Group Arm; Shares Gain 25% from Lows

On February 25, 2025, shares of Sathlokhar Synergys E&C Global Ltd were in the spotlight as the stock traded in the green, marking a strong recovery from its lows on February 19, 2025. The stock price has gained approximately 25% during this period, drawing attention to the company’s latest developments.

The surge follows 2 significant project wins, one of which is from a subsidiary of the Reliance Group. These contract wins highlight business expansion and growth opportunities for the company.

Details of the New Orders

1. Reliance Mappedu Multi Modal Logistics Park Limited, Chennai

Sathlokhar has secured an order from Reliance Mappedu Multi Modal Logistics Park Limited to execute civil construction work. The project involves:

  • Construction of a warehouse spanning 2,35,665 sq. ft (WH No 01A & 01B)
  • Location: Proposed Factory at Survey No 1228/1, Arakonam Highway, Mappedu, Chennai
  • Total Order Value: ₹18.44 Crore (including GST)

2. Komatsu India Private Limited (Japan-based), Oragadam

The second project is from Komatsu India Private Limited, a subsidiary of Japan-based Komatsu Ltd., at its Sipcot Industrial Park, Sriperumbudur, Chennai facility. The scope of work includes:

  • Execution of Civil and Pre-Engineered Building (PEB) works
  • Total Order Value: ₹3.61 Crore (including GST)

These contracts add to the company’s ongoing project portfolio, further strengthening its presence in the construction sector.

About Sathlokhar Synergys E&C Global Ltd

Sathlokhar is a leading construction company based in Chennai, with a pan-India presence. The company integrates cutting-edge technology with innovative architectural solutions to deliver high-quality construction projects.

Their expertise spans:

  • Civil construction
  • Pre-Engineered Buildings (PEB)
  • Industrial infrastructure development

The company’s core philosophy revolves around translating architectural visions into reality, ensuring projects are cost-effective, sustainable, and aligned with client objectives.

Conclusion

Sathlokhar Synergys E&C Global Ltd’s recent order wins, including one from a Reliance Group subsidiary, highlight its expanding project portfolio and growing presence in the construction sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Texmaco Rail and Nevomo Signs MoU for Next-Generation Rail Technologies

Texmaco Rail & Engineering Ltd., a distinguished private engineering and infrastructure enterprise under the esteemed Adventz Group, stands at the forefront of India’s railway manufacturing sector. Specialising in the production of railway wagons, coaches, and locomotives, the company also provides a comprehensive suite of allied services.

MoU with Nevomo

Texmaco Rail & Engineering has entered into a strategic Memorandum of Understanding (MoU) with Nevomo, a pioneering Polish technology firm established in 2017. 

As Europe’s vanguard in next-generation Magrail technology and Linear Propulsion Systems, Nevomo brings an avant-garde approach to rail infrastructure, high-speed rail solutions, AI-driven predictive diagnostics, self-propelled wagons, and autonomous freight trains. This transformative partnership is poised to redefine the future of mobility, both within India and on the global stage.

This collaboration will enhance rail efficiency, expand capacity, and modernise railway and port systems, driving major improvements in mining, captive rail, and logistics. Aligned with India’s ‘Make in India’ initiative, it supports the country’s vision of becoming a leader in next-generation transportation solutions.

Texmaco Rail & Engineering Q3 FY25 Results

Texmaco Rail & Engineering Ltd. delivered an outstanding financial performance in Q3 FY25, with consolidated revenue surging 47.9% YoY to ₹1,326 crore. EBITDA grew 51.7% to ₹139 crore, maintaining a 10.5% margin, while PAT more than doubled to ₹76 crore, achieving a 5.8% margin. 

This impressive growth was driven by a 54.6% increase in freight car deliveries to 2,714 units. As of 31st December 2024, the company’s order book stood at a robust ₹7,612 crore, reinforcing its industry leadership and growth momentum.

Share Price Performance 

At 09:27 AM on February 25, 2025, Texmaco Rail & Engineering shares open 1% at ₹142.89 per share on the NSE.

Conclusion:

The strategic MoU between Texmaco Rail & Engineering and Nevomo marks a groundbreaking collaboration in next-generation rail technology. By leveraging Nevomo’s expertise in Magrail and advanced rail solutions, this partnership aims to revolutionise rail mobility in India and beyond.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

NTPC and Its Subsidiary Signs Multiple MoUs with Madhya Pradesh Government

NTPC Ltd., India’s largest integrated power utility, continues to fortify its position as a frontrunner in the nation’s energy transition. Catering to a quarter of India’s power needs, NTPC boasts an impressive installed capacity exceeding 77 GW, with a further 29.5 GW under development, including 9.6 GW dedicated to renewable energy. 

MoU with MP Government 

NTPC and its subsidiary, NTPC Green Energy Ltd. (NGEL), have inked multiple Memorandums of Understanding (MoUs) with the Government of Madhya Pradesh during the prestigious Global Investors Summit held in Bhopal on February 24-25, 2025. 

These agreements encompass a spectrum of renewable energy projects, including solar, wind, pumped hydro, and other carbon-neutral power solutions within the state.

The first MoU between NGEL and MPPGCL aims to develop over 20 GW of renewable energy projects with an estimated ₹1,20,000 crore investment, leading to the formation of a Joint Venture Company (JVC). This partnership will help Madhya Pradesh meet its Renewable Generation Obligation (RGO) and Renewable Purchase Obligation (RPO), strengthening the state’s clean energy portfolio.

The second MoU between NTPC Ltd. and the Government of Madhya Pradesh aims to develop non-fossil fuel power plants with an investment of ₹80,000 crore, formalised through MPPMCL. Additionally, NTPC has committed ₹4,000 crore for an 800 MW Pumped Hydro Storage Project, reinforcing its focus on energy storage and grid stability.

About Agreement 

The MoUs were signed in the esteemed presence of Dr Mohan Yadav, Hon’ble Chief Minister of Madhya Pradesh, alongside Shri Gurdeep Singh, Chairman and Managing Director of NTPC Ltd., and other senior dignitaries from both NTPC and the state government. These landmark agreements signify a monumental leap towards India’s net-zero aspirations, reinforcing NTPC’s pivotal role in the nation’s sustainable energy transition.

Share Price Performance 

At 09:30 AM on February 25, 2025, NTPC Green Energy shares traded 1% up at ₹320.40 per share on the NSE.

Conclusion:

These strategic MoUs mark a significant milestone in NTPC’s commitment to accelerating India’s clean energy transition. By investing in diverse renewable energy projects, NTPC and NGEL are not only strengthening Madhya Pradesh’s sustainable energy landscape but also contributing to the nation’s net-zero ambitions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.