KKR to Take Majority Control Stake of Healthcare Global Enterprises

KKR has signed definitive agreements to acquire a controlling stake in Healthcare Global Enterprises (HCG) from CVC Asia V. The acquisition will be carried out at ₹445 per share, with KKR purchasing up to 54% of HCG’s equity from CVC. An open offer will be conducted to acquire an additional 26% stake from public shareholders, in accordance with SEBI regulations. If fully subscribed, KKR’s total holding could range between 54% and 77%.

Open Offer Terms

As part of the open offer, KKR and its entities plan to acquire 3,70,90,327 equity shares, representing 26% of HCG’s expanded voting share capital. The offer price has been set at ₹504.41 per share, with a total potential consideration of ₹1,870.87 crore. 

Kotak Mahindra Capital Company Limited is managing the offer.

Change in Management 

Following the acquisition, KKR will assume sole control of HCG. Dr BS Ajaikumar, HCG’s founder, will transition to the role of Non-Executive Chairman and focus on clinical and research aspects. The board will undergo changes, with KKR’s nominees taking seats after the first phase of the transaction closes.

Overview

As per the reports, Healthcare Global Enterprises operates 25 medical care centres across 19 cities in India, specializing in oncology. It has 2,500 beds, 100 operating theatres, and 40 linear accelerator (LINAC) machines. HCG has been active in cancer treatment services in India since its founding in 1989.

Healthcare Global Enterprises share price is trading at ₹514.30, up ₹14.55 (2.91%) as of February 24, 12:05 PM. Over the past month, the stock has risen by 2.36%, and it has gained 34.14% in the past year.

Investments

KKR has made multiple investments in India’s healthcare sector. Its portfolio includes Baby Memorial Hospital, Healthium, Infinx, Max Healthcare, JB Pharmaceuticals, and Gland Pharma. The HCG acquisition, as per the filing, aligns with its focus on expanding healthcare infrastructure in India. The acquisition is expected to close by Q3 2025, subject to regulatory approvals.

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.

NSE Index Rejig: Jio Financial and Zomato To Join Nifty 50, BPCL and Britannia To Exit

The National Stock Exchange (NSE) has announced changes to its benchmark Nifty 50 index, with Jio Financial Services Ltd. (JFS) and Zomato Ltd. set to be added, while Bharat Petroleum Corporation Ltd. (BPCL) and Britannia Industries Ltd. will be removed. These changes will take effect from March 28, 2025, as part of the semi-annual index review.

Basis for Inclusion and Exclusion

NSE follows a set methodology for these adjustments, primarily looking at the 6-month average free-float market capitalisation. Companies that qualify for inclusion must have a market cap at least 1.5 times that of the smallest current constituent.

  • Zomato’s average free-float market cap: ₹1.70 lakh crore
  • Jio Financial’s average free-float market cap: ₹1.04 lakh crore
  • BPCL’s average free-float market cap: ₹60,928 crore
  • Britannia’s average free-float market cap: ₹64,151 crore

Changes in Nifty 100 and Nifty Next 50

Several other indices will also undergo revisions. In Nifty 100 and Nifty Next 50, the following companies will be added:

These will replace:

Nifty 500 Reshuffle

A total of 30 stocks will be added to the Nifty 500 index, including:

Some of the stocks being removed include:

These index changes are aimed at maintaining market representation based on updated stock performance and sector relevance.

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.

NFO Alert: WhiteOak Capital Mutual Fund Launches Equity Savings Fund

WhiteOak Capital Mutual Fund has introduced the WhiteOak Capital Equity Savings Fund, an open-ended hybrid scheme. The New Fund Offer (NFO) opens on February 25, 2025, and closes on March 5, 2025. This fund aims to balance capital appreciation and stability by investing across equity, arbitrage, and debt instruments.

Investment Objective and Strategy

The scheme follows a three-part allocation strategy:

  1. Equity & Equity-related Instruments (65-90%) – This includes both hedged (arbitrage) and unhedged (net long equity) positions.
  2. Debt & Money Market Instruments (10-35%) – Aimed at providing liquidity and stability.
  3. Exchange-Traded Commodity Derivatives & REITs/InvITs (up to 10%) – To add diversification.

The fund manager, Ramesh Mantri, will oversee the investment decisions, with a focus on managing market volatility through arbitrage strategies.

Fund Details

Metrics Details
Fund House WhiteOak Capital Mutual Fund
Fund Manager Ramesh Mantri
Benchmark NIFTY Equity Savings TRI
Type Open-ended
Category Hybrid: Equity Savings
Risk Level Moderately High
Exit Load 0.25% if redeemed within 7 days
Minimum Investment ₹500
Lock-in Period None

Performance Benchmark

The scheme will be benchmarked against the NIFTY Equity Savings TRI, which tracks portfolios exposed to a mix of equity, arbitrage, and debt instruments.

Liquidity and Exit Load

Units can be bought and sold on any business day at NAV-based prices. There is no lock-in period, but an exit load of 0.25% applies if redeemed within 7 days of investment.

The scheme will invest across market capitalisation and sectors, using arbitrage to manage risk. Investors should assess their risk appetite before investing, as the fund falls under the moderately high-risk category.

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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. 

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

Aditya Birla Sun Life MF Announces Income Distribution Across 3 Schemes

Aditya Birla Sun Life Mutual Fund has declared income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for 3 of its schemes. The record date for the payout is February 25, 2025. Investors holding units in these schemes as of this date will be eligible for the announced distribution.

Payout Details Across Schemes

The Aditya Birla SL ELSS Tax Saver Fund has the highest income distribution among the three schemes.

  • Direct Plan IDCW: ₹12.230 per unit
  • Regular Plan IDCW: ₹13.067 per unit

The Aditya Birla SL Balanced Advantage Fund, which allocates investments across equity and debt, has declared:

  • Direct Plan IDCW: ₹0.166 per unit
  • Regular Plan IDCW: ₹0.147 per unit

The Aditya Birla SL Arbitrage Fund, which focuses on arbitrage opportunities between equity and derivatives markets, has declared the lowest payout among the three:

  • Direct Plan IDCW: ₹0.067 per unit
  • Regular Plan IDCW: ₹0.065 per unit

Record Date and Eligibility

The record date for income distribution is February 25, 2025. Investors who hold units in these schemes by the end of this date will receive the declared IDCW payouts. Any purchases made after the record date will not qualify for this distribution.

Tax Implications

IDCW payouts are taxed as per the investor’s applicable income tax slab. Unlike growth options, where returns are realised upon redemption, IDCW distributions are subject to tax in the year they are received.

The distribution amounts vary across schemes, with ELSS offering the highest payout. Investors receiving IDCW should be aware of tax implications.

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. 

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

Why IT Stocks Down On February 24, 2025? Know the Reasons

IT stocks took a hit today, with Nifty IT falling 2.56% to 39,504.85, making it the worst-performing sector. Major IT companies saw losses, with Wipro dropping 3.53%, Infosys dropping 3.33%, TCS dropping 2.30%, LTIMindtree dropping 3.87%, Mphasis dropping 3.59% and L&T Technology dropping the most by 4.31% as of 01:27 PM on February 24.

Several factors contributed to this decline, including economic concerns in the US, foreign investor outflows, and uncertainty around tariffs.

US Inflation Data and Economic Slowdown

New US inflation data showed higher-than-expected figures, leading to concerns about an economic slowdown. This affected investor sentiment, with many shifting towards safer assets like gold.

  • The University of Michigan’s consumer sentiment index dropped by nearly 10% to 64.7 in February.
  • US home sales fell more than expected, reaching 4.08 million units.
  • The US services purchasing managers’ index (PMI) moved into contraction territory.

These indicators suggest that businesses in the US might reduce discretionary spending, including IT services, which directly impacts Indian IT companies.

Foreign Institutional Investors (FIIs) Selling Continues

FIIs have been selling Indian equities for months. In February, FIIs sold ₹36,977 crore worth of stocks, and January saw even higher outflows of ₹87,375 crore. Out of 15 trading sessions in February, FIIs were net sellers in 13.

If this trend continues, February will be the fourth straight month of consistent FII selling. This impacts market liquidity and puts additional pressure on IT stocks.

Tariff Concerns and Weak Deal Momentum

As per the news reports, uncertainty around potential US tariffs remains a concern for Indian IT firms. There is still no clarity on the impact of trade restrictions, but it continues to create uncertainty.

At the same time, the news reports say that there are signs of weak deal ramp-ups in the IT sector for Q4 FY24. Companies are cautious about spending, which slows the growth outlook for IT services.

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.

Kalyani Powertrain Joins Hands with AMD to Strengthen India’s Server Ecosystem

The electronics division of Kalyani Powertrain, a wholly owned subsidiary of Bharat Forge Ltd., has announced a strategic collaboration with AMD (Advanced Micro Devices) to bolster India’s server market. This partnership signifies a key milestone in advancing India’s digital ecosystem by integrating AMD’s cutting-edge technology into locally manufactured server solutions.

Unveiling the First AMD EPYC CPU-Based Server

The collaboration was formally inaugurated at an event in Pune, attended by senior executives from both Kalyani Powertrain and AMD. Prominent figures from AMD included Mr. Vinay Sinha, Managing Director & Corporate Vice President, India Mega Region, alongside other key personnel. Representing Kalyani Powertrain were Mr. Baba Kalyani, Chairman & Managing Director of Bharat Forge Ltd., and Mr. Amit Kalyani, Vice Chairman & Joint Managing Director, among others.

As part of the event, executives from both companies unveiled the first server powered by AMD EPYC™ processors, marking the official commencement of their partnership.

Integrating Advanced AMD Technology

This collaboration will see Kalyani Powertrain incorporating AMD’s high-performance EPYC™ processors into its servers. These processors are known for their:

  • Energy efficiency – Reducing operational costs and minimising environmental impact.
  • Security features – Enhancing protection for enterprise and cloud data.
  • High performance – Providing superior computing power for data-intensive applications.
  • Total Cost of Ownership (TCO) reduction – Offering cost-effective solutions for large-scale deployments.

Additionally, future plans include integrating AMD Instinct™ accelerators to further enhance AI and high-performance computing capabilities. AMD will provide technical support, including design collaterals and documentation, to ensure these servers meet global standards.

Boosting India’s AI, Cloud, and Data Centre Ecosystem

This initiative aligns with the Indian government’s ‘Make in India’ vision by fostering domestic manufacturing and reducing reliance on imported server solutions. The collaboration is set to empower:

  • Enterprises and hyperscalers – Providing high-performance servers tailored for AI workloads, cloud computing, and large-scale data processing.
  • Government organisations – Strengthening India’s digital infrastructure for public sector applications.
  • Cloud service providers – Enabling cost-efficient and scalable cloud solutions.

By leveraging AMD’s cutting-edge technology, Kalyani Powertrain aims to accelerate India’s digital transformation and establish the country as a formidable player in the global AI and cloud computing market.

Leadership’s Perspective on the Collaboration

Commenting on the alliance, Mr. Baba Kalyani, Chairman of Kalyani Group, stated “By manufacturing these servers in India, we will not only advance our technological capabilities but also support the ‘Make in India’ initiative. This collaboration with AMD is a significant step, and I am confident that we are moving in the right direction. Together, we are committed to driving innovation and furthering India’s position as a global technology leader.”

About Kalyani Group and AMD

Kalyani Group is a global conglomerate with expertise spanning the automotive, industrial, electric vehicles, and renewable energy sectors. With operations across India, Europe, and North America, the company is committed to engineering excellence and technological innovation.

AMD has been a pioneer in high-performance computing, graphics, and visualisation technologies for over 50 years. Its innovations power billions of devices, supporting businesses and scientific research worldwide.

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.

FINNIFTY: Will It Record Its Longest Losing Streak for February?

The Nifty Financial Services Index (FINNIFTY) is designed to reflect the performance of India’s financial sector. It comprises 20 stocks listed on the National Stock Exchange (NSE), including banks, financial institutions, housing finance, insurance, and other financial services companies.

The index is computed using the free float market capitalisation method, meaning its value is derived from the total free float market value of its constituent stocks relative to a base market capitalisation. Additionally, the Nifty Financial Services Total Returns Index acts as a variant, used for benchmarking fund portfolios, and launching index funds, ETFs, and structured products.

FINNIFTY’s Performance on February 24, 2025

As of 3:05 PM on February 24, 2025, the FINNIFTY was trading 0.78% lower but had recovered over 150 points from its intraday low of 22,842.60.

  • The index hovered near its opening levels despite early losses.
  • Advance-Decline Ratio: 17 stocks were trading in the red, while only 3 stocks—Kotak Bank, Axis Bank, and SBI Card—were in the green.

Will February 2025 Mark FINNIFTY’s Longest Losing Streak?

The FINNIFTY is down nearly 1% for February. If it closes the month in the red, it would mark the 4th consecutive February decline, an unprecedented losing streak for the index.

Here’s how FINNIFTY has performed in February over the last 3 year:

  • 2022: Down 5.05%
  • 2023: Down 0.58%
  • 2024: Down 0.44%

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.

Why IT Stocks Down Today? Know the Reasons

IT stocks took a hit today, with Nifty IT falling 2.56% to 39,504.85, making it the worst-performing sector. Major IT companies saw losses, with Wipro dropping 3.53%, Infosys dropping 3.33%, TCS dropping 2.30%, LTIMindtree dropping 3.87%, Mphasis dropping 3.59% and L&T Technology dropping the most by 4.31% as of 01:27 PM on February 24.

Several factors contributed to this decline, including economic concerns in the US, foreign investor outflows, and uncertainty around tariffs.

US Inflation Data and Economic Slowdown

New US inflation data showed higher-than-expected figures, leading to concerns about an economic slowdown. This affected investor sentiment, with many shifting towards safer assets like gold.

  • The University of Michigan’s consumer sentiment index dropped by nearly 10% to 64.7 in February.
  • US home sales fell more than expected, reaching 4.08 million units.
  • The US services purchasing managers’ index (PMI) moved into contraction territory.

These indicators suggest that businesses in the US might reduce discretionary spending, including IT services, which directly impacts Indian IT companies.

Foreign Institutional Investors (FIIs) Selling Continues

FIIs have been selling Indian equities for months. In February, FIIs sold ₹36,977 crore worth of stocks, and January saw even higher outflows of ₹87,375 crore. Out of 15 trading sessions in February, FIIs were net sellers in 13.

If this trend continues, February will be the fourth straight month of consistent FII selling. This impacts market liquidity and puts additional pressure on IT stocks.

Tariff Concerns and Weak Deal Momentum

As per the news reports, uncertainty around potential US tariffs remains a concern for Indian IT firms. There is still no clarity on the impact of trade restrictions, but it continues to create uncertainty.

At the same time, the news reports say that there are signs of weak deal ramp-ups in the IT sector for Q4 FY24. Companies are cautious about spending, which slows the growth outlook for IT services.

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.

Nifty Bank Recovers 400 Points from Lows, Led by Kotak Bank and Axis Bank

The Nifty Bank Index consists of the most liquid and large Indian banking stocks. It serves as a key benchmark for tracking the capital market performance of Indian banks and is widely used by investors and market participants. The index follows the free float market capitalisation method and comprises a maximum of 12 companies listed on the National Stock Exchange (NSE).

Apart from reflecting banking sector trends, the Nifty Bank Index is also utilised for launching index funds, Exchange-Traded Funds (ETFs), and structured products. It plays a vital role in portfolio benchmarking for investors focusing on the banking sector.

Market Movement: Nifty Bank Bounces from Lows

The Nifty Bank Index opened lower but found support at 42,281.90, from where it rebounded. As of 2:53 PM, the index is trading around 48,700 levels, recovering over 400 points from the day’s low. Despite this recovery, it remains in negative territory, down 0.51% for the session.

Key Contributors and Draggers

The recovery in Nifty Bank was largely driven by 2 key stocks:

However, some heavyweight banking stocks acted as a drag on the index, preventing a full recovery:

In terms of market breadth, 9 stocks in the Nifty Bank Index were trading in the red, while only 3 stocks were in the green.

Relative Performance Against Nifty 50

Despite the negative market breadth, the Nifty Bank Index showed signs of relative outperformance compared to the Nifty50 Index. 

Performance in February: Down 1.82% and Year-to-Date (YTD) Performance: Down 4.26%

Notably, the index has managed to hold the lows of January, indicating resilience despite the ongoing weakness in the broader banking 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.

Nifty Smallcap 100 Index Falls Over 8% In February So Far

The Nifty Smallcap 100 Index, designed to track the performance of the small-cap segment, is witnessing a challenging month. As of 2:39 PM on February 24, 2025, the index is down nearly 1%, with 78 out of 100 stocks in the red. Notably, 65 stocks are trading with losses ranging from -3% to 0%, reflecting broad weakness in the small-cap segment.

This slump extends beyond a single session. So far in February 2025, the index has declined by 8.31%, bringing it dangerously close to its worst-ever losing streak in February. If it ends the month in the red, this will mark 4 consecutive years of February declines—an unprecedented trend for the index.

A Repeating Pattern? Historical February Performance

The small-cap segment appears to have developed a February curse. The Nifty Smallcap 100 Index recorded the following February losses in previous years:

  • February 2022: -11.44%
  • February 2023: -3.64%
  • February 2024: -0.31%

This streak has raised concerns among market participants. If 2025 also ends negatively, it will be the first time in history that the index has logged 4th consecutive February losses.

Déjà Vu: Parallels to the COVID Sell-Off

The current downturn in small-cap stocks draws parallels to the COVID-induced market turmoil in 2020. That year, small-cap stocks faced a similar wave of selling pressure in the month of February as risk aversion gripped investors. 

Key Takeaways

  • The Nifty Smallcap 100 Index is down 8.31% in February 2025. 
  • If the index ends in red, it will be the 4th consecutive year of February declines.
  • Historical data suggests that February has been a challenging month for small-cap stocks.

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.