Mahanagar Gas Acquires 44% Stake in IBC India

Mahanagar Gas Limited (MGL) has completed its investment in International Battery Company India Private Limited (IBC India). The acquisition, finalized on February 3, 2025, involved the purchase of 43,71,065 equity shares, giving MGL a 44% stake in IBC India’s paid-up equity share capital. The total consideration for the transaction was ₹35.35 crore.

Nature of the Transaction

MGL’s acquisition does not fall under related-party transactions. The company has confirmed that its promoter group does not have any existing interest in IBC India. The transaction was executed at arm’s length, and there were no legal or regulatory approvals necessary for the completion of the transaction.

The investment was finalised as per SEBI’s Listing Regulations and was disclosed to the stock exchanges, including BSE and NSE.

Financial Terms

The acquisition was completed through a cash transaction. MGL’s purchase of a 44% stake in IBC India was at a price of ₹10 per share, with the total deal amounting to ₹35.35 crore. IBC India has an authorised share capital of ₹10 crore, divided into 1 crore equity shares of ₹10 each.

Background of IBC India

IBC India was incorporated on May 22, 2023, and operates in the battery cell manufacturing and distribution sector. The company’s business includes the production, marketing, sale, and export of battery cells. As of March 31, 2024, IBC India had a net worth of ₹82.78 lakh. Its turnover for FY24 stood at ₹8.06 lakh.

Why Does This Matter?

The acquisition aligns with MGL’s plan to expand beyond its core business. Alongside International Battery Company, Inc. (IBC US), MGL intends to explore the battery cell market through IBC India. This includes manufacturing, marketing, and distribution of battery cells in India.

Mahanagar Gas Ltd shares are trading at ₹1,326.10, up ₹7.30 (0.55%) today as of February 4, 11:33 AM, gaining 2.24% over the past five days but declining 26.05% in the last six months.

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

HSBC Mutual Fund Announces Fund Manager Changes

HSBC Mutual Fund has announced changes in fund management responsibilities for 17 schemes, effective February 1, 2025. Most of these changes involve debt funds, while equity and arbitrage managers remain the same.

List of Fund Manager Changes

Scheme Previous Fund Managers New Fund Managers
HSBC Arbitrage Fund Kapil Punjabi (Debt), Hitesh Gondhia (Arbitrage), Mahesh A Chhabria (Debt), Praveen Ayathan (Arbitrage) Asif Rizwi (Debt), Hitesh Gondhia (Arbitrage), Mahesh A Chhabria (Debt), Praveen Ayathan (Arbitrage)
HSBC Balanced Advantage Fund Kapil Punjabi (Debt), Gautam Bhupal (Equity), Hitesh Gondhia (Arbitrage), Praveen Ayathan (Arbitrage), Mahesh A Chhabria (Debt), Neelotpal Sahai (Equity) Asif Rizwi (Debt), Gautam Bhupal (Equity), Hitesh Gondhia (Arbitrage), Praveen Ayathan (Arbitrage), Mahesh A Chhabria (Debt), Neelotpal Sahai (Equity)
HSBC Conservative Hybrid Fund Kapil Punjabi (Debt), Abhishek Gupta (Equity), Mahesh A Chhabria (Debt), Cheenu Gupta (Equity) Asif Rizwi (Debt), Abhishek Gupta (Equity), Mahesh A Chhabria (Debt), Cheenu Gupta (Equity)
HSBC Corporate Bond Fund Kapil Punjabi (Debt), Shriram Ramanathan Asif Rizwi (Debt), Shriram Ramanathan
HSBC Credit Risk Fund Kapil Punjabi, Shriram Ramanathan Shriram Ramanathan
HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Mahesh A Chhabria, Kapil Punjabi Asif Rizwi, Mahesh A Chhabria
HSBC CRISIL IBX Gilt June 2027 Index Fund Mahesh A Chhabria, Kapil Punjabi Asif Rizwi, Mahesh A Chhabria
HSBC Equity Savings Fund Kapil Punjabi (Debt), Abhishek Gupta (Equity), Hitesh Gondhia (Arbitrage), Praveen Ayathan (Arbitrage), Mahesh A Chhabria (Debt), Cheenu Gupta (Equity) Abhishek Gupta (Equity), Hitesh Gondhia (Arbitrage), Praveen Ayathan (Arbitrage), Mahesh A Chhabria (Debt), Cheenu Gupta (Equity)
HSBC Global Equity Climate Change FoF Sonal Gupta (Foreign Securities), Kapil Punjabi (Debt) Mahesh A Chhabria (Debt), Sonal Gupta (Foreign Securities)
HSBC Liquid Fund Shriram Ramanathan, Kapil Punjabi Mahesh A Chhabria, Shriram Ramanathan
HSBC Medium Duration Fund Kapil Punjabi, Shriram Ramanathan Shriram Ramanathan
HSBC Medium to Long Duration Fund Kapil Punjabi, Shriram Ramanathan Asif Rizwi, Shriram Ramanathan
HSBC Money Market Fund Kapil Punjabi, Shriram Ramanathan Mahesh A Chhabria, Shriram Ramanathan
HSBC Multi Asset Allocation Fund Kapil Punjabi (Debt), Cheenu Gupta (Equity), Dipan S. Parikh (Commodities), Mahesh A Chhabria (Debt) Asif Rizwi (Debt), Cheenu Gupta (Equity), Dipan S. Parikh (Commodities), Mahesh A Chhabria (Debt)
HSBC Multi Cap Fund Gautam Bhupal (Equity), Kapil Punjabi (Debt), Venugopal Manghat (Equity) Mahesh A Chhabria (Debt), Gautam Bhupal (Equity), Venugopal Manghat (Equity)
HSBC Overnight Fund Kapil Punjabi, Mahesh A Chhabria Mahesh A Chhabria
HSBC Ultra Short Duration Fund Kapil Punjabi (Debt), Mahesh A Chhabria Mahesh A Chhabria

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

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 are subject to market risks, read all scheme-related documents carefully.

NBCC Revises Interim Dividend Record Date

NBCC (India) Ltd has revised the record date for its interim dividend. Initially set for February 14, 2025, the new date is now February 18, 2025. The decision to revise the record date comes ahead of the company’s Board Meeting on February 11, 2025, where the interim dividend will be considered and declared if approved.

Board Meeting

Along with deciding on the interim dividend, NBCC’s Board will also review the unaudited financial results for the quarter and nine months that ended December 31, 2024, in its February 11 meeting. The company’s financial performance for the December quarter will be an important factor in the dividend announcement.

What This Means for Shareholders

With the revised record date, shareholders now have until February 18, 2025, to be eligible for the interim dividend, subject to Board approval. The final decision will depend on the company’s financial standing, which will be disclosed in the upcoming results on February 11, 2025.

Financial Performance

NBCC reported a profit of ₹122.12 crore in Q2 FY25, marking a 53.43% increase from the same period last year. The company’s total revenue for the quarter stood at ₹2,458.73 crore, reflecting a 14.67% rise compared to the previous quarter.

Operating income recorded 9.13% quarter-on-quarter growth and surged 241.55% year-over-year. However, EPS for Q2 dropped by 37.26% year-on-year, which could be a factor for investors to consider.

Market Impact

Following the announcement, as of 11:56 AM today, on February 4, 2025, NBCC (India) Ltd was trading at ₹92.49, up 1.91% for the day. The stock has recorded a -11.76% return in the past week and a -0.62% return over six months, though its year-to-date performance remains up at 64.64%.

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.

BSE Introduces Sensex Derivative Contracts at GIFT City

The Bombay Stock Exchange (BSE) has launched trading in US dollar-denominated Sensex derivative contracts at the International Financial Services Centre (IFSC) in GIFT City, Gujarat. These contracts will be traded on India INX, BSE’s international exchange, and will operate under a three-month trading cycle.

Bombay Stock Exchange (BSE) share price stands at ₹5,524.90 as of February 4, 2025, up ₹109.50 (2.02%) for the day, showing a 139.82% rise over the past year and a 1,448.24% gain since its listing.

Contract Details and Settlement Process

The minimum price movement for these contracts is set at $1. The final settlement will take place on the last Tuesday of the contract month. All trades will be settled in cash and denominated in US dollars. Mark-to-market settlements will occur twice daily. Brokers can hold open positions up to 50 lakh contracts, while clients are limited to 30 lakh contracts.

Trading Hours and Tax Benefits

The contracts offer a 22-hour trading window, making it accessible across different time zones. Trading at GIFT City comes with tax benefits such as exemptions from securities transaction tax (STT), capital gains tax, and stamp duty. Additionally, BSE’s India INX does not impose exchange transaction charges.

Existing Derivative Trading at GIFT City

Before this launch, index-based derivatives at GIFT City were primarily available through NSE’s International Exchange (NSE IX). NSE IX offers GIFT Nifty contracts, which replaced SGX Nifty after its migration from the Singapore Exchange in July 2023.

In January 2025, GIFT Nifty recorded an average daily turnover of $95 billion.

Industry Response

The launch event was attended by Gujarat Chief Minister Bhupendra Patel, who noted that the availability of Sensex Futures & Options at GIFT City allows foreign investors to trade without the need for currency conversion. BSE officials stated that this is aimed at increasing liquidity and participation in the international derivatives market.

India INX’s Growth at GIFT City

India INX, launched in 2017, has been growing as a financial hub. In FY25, it recorded an average daily turnover of $206 million. The introduction of Sensex derivatives is expected to increase trading volumes at the exchange.

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 are subject to market risks, read all scheme-related documents carefully.

NFO Alert: Samco Mutual Fund to Launch Samco Large Cap Fund

Samco Mutual Fund has introduced the Samco Large Cap Fund, an open-ended equity scheme focused on large-cap stocks. The fund aims to provide long-term capital appreciation by investing primarily in equity and equity-related instruments of large-cap companies. Like most equity schemes, there is no guarantee of returns, and the risk level is categorised as very high.

NFO Details

Metrics Fund Details
NFO Dates  March 5, 2025 – March 19, 2025
Scheme Type Open-ended
Minimum Investment ₹5,000
Additional Investment ₹500
Exit Load 1% (if redeemed within 12 months, beyond the 10% free redemption limit)
NAV Calculation Daily
Benchmark Nifty 100 Total Returns Index (TRI)

Fund Manager

The scheme is managed by Nirali Bhansali, who has over ten years of experience in the capital markets. She has been involved in equity research and portfolio management and has worked on investment models for Samco Mutual Fund.

Investment Strategy

The fund follows a momentum-based investment strategy and will focus on selecting stocks based on their market performance and financial growth. The allocation is structured as follows:

  • 80-100% – Equity & equity-related instruments of large-cap companies
  • 0-20% – Equity of other companies, debt, and money market instruments
  • 0-10% – REITs and InvITs

Liquidity and Redemption

Being an open-ended scheme, investors can buy or redeem units after the fund reopens for continuous sale and repurchase. Redemption proceeds are expected to be processed within three working days from the date of request.

Since the scheme is new, there is no historical performance data available. Investors should evaluate their risk tolerance before investing. The fund will be available for subscription until March 19, 2025.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

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 are subject to market risks, read all scheme-related documents carefully.

Siemens Share Price Declines 18% in CY2025 So Far; Here’s What Led to the Decline

Siemens Limited, the Indian arm of Siemens AG, operates across multiple domains, including industry, infrastructure, transport, and power transmission and generation. The company plays a key role in developing resource-efficient factories, resilient supply chains, smart buildings, and modern grids.

Despite its strong market presence, Siemens’ stock has faced significant volatility in 2025, with a notable decline in its share price.

Sharp Decline in Siemens’ Share Price: What Happened?

The stock of Siemens witnessed back-to-back losses on February 1 and 3, 2025, leading to a 14% drop in just 2 trading sessions. However, the stock showed some recovery, gaining 2.5% by 10:20 AM on February 4, 2025.

As of February 4, 2025, Siemens’ share price is down 18% year-to-date.

Budget 2025: The Key Trigger Behind the Decline

The primary reason for the stock’s decline was the Budget 2025 announcement, which left investors disappointed due to lower-than-expected capex allocation.

  • The government set a capital expenditure (capex) target of ₹11.21 lakh crore for FY26, marking a 0.9% increase from the previous fiscal.
  • As per the news report expectations were significantly higher, in the range of ₹13-14 lakh crore. The lower outlay was perceived as a minor negative for capital goods and infrastructure stocks, including Siemens.

Impact on Infrastructure Spending

One of the key sectors affected was road and highway development, a significant area of capital goods demand.

  • The Ministry of Road Transport and Highways (MoRTH) was allocated ₹2.72 trillion for FY25-26, largely unchanged from the previous year.
  • The flattish allocation suggests a shift in government strategy towards build-operate-transfer (BOT) models and asset monetisation rather than direct spending.

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

India’s Data Centre Market to Reach ₹1,00,491 Crore by 2032: Economic Survey Insights

India’s data centre market is witnessing remarkable expansion, with projections indicating an increase from ₹38,984 crore (US$ 4.5 billion) in 2023 to ₹1,00,491 crore (US$ 11.6 billion) by 2032. This growth, highlighted in the Economic Survey 2024-25, underscores the country’s evolving digital infrastructure, increasing demand for cloud computing, and government initiatives supporting data storage capabilities.

Key Drivers of Growth

Several factors contribute to this anticipated growth in India’s data centre market:

  • Increasing Digital Adoption: The surge in internet usage, cloud computing, and data-driven services is propelling demand for data centres.
  • Cost Advantage: India’s cost-effective IT ecosystem and affordable real estate make it a preferred hub for data centres. The average construction cost per megawatt (MW) in 2023 was ₹58.91 crore (US$ 6.8 million), significantly lower than markets such as Australia, Japan, and Singapore.
  • Infrastructure Development: Government-backed initiatives and private investments in colocation facilities have boosted market expansion.
  • Regulatory Support: Policies such as the GI Cloud initiative (MeghRaj) and approvals for public and private cloud service providers have strengthened the sector.

Colocation Data Centres and Capacity Expansion

Colocation data centres, which provide shared storage and computing services, are playing a pivotal role in India’s data centre growth. In 2023, India’s colocation data centre capacity reached 977 MW, reflecting a 105% year-on-year growth. Further expansion is on the horizon, with:

  • 1.03 GW under construction for the 2024-28 period
  • 1.29 GW planned for future development

These developments signal a rapid scale-up in India’s data centre infrastructure, supporting businesses, cloud service providers, and enterprises requiring secure and scalable storage solutions.

Government Initiatives Driving the Market

The Indian government has actively supported the sector through various initiatives, including:

  • GI Cloud (MeghRaj): A framework aimed at optimising cloud infrastructure for government services. As of November 30, 2024, the National Informatics Centre (NIC) supports 1,917 applications on its cloud platform.
  • Public-Private Partnerships: The government has impanelled 23 cloud service providers, ensuring robust support for digital governance and enterprises.
  • Digital India & Data Localisation Policies: Increasing emphasis on local data storage is further driving investment in domestic data centre capacity.

Economic Survey and Its Role in Market Insights

The Economic Survey is an annual report assessing India’s economic performance and is prepared by the Economic Division under the Department of Economic Affairs, Ministry of Finance. The report serves as a key reference point for policymakers, investors, and industry stakeholders, providing insights into emerging trends such as data centre expansion and infrastructure investments.

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

Thomas Cook India Integrates Nature Trails to Expand Domestic Travel Portfolio

Thomas Cook (India) Limited (TCIL) has announced its intention to integrate Nature Trails, a subsidiary of Sterling Holiday Resorts, into its domestic travel portfolio. The move aligns with TCIL’s strategy to cater to the growing demand for adventure holidays, educational trips, and corporate getaways in India. The acquisition is subject to regulatory approvals, with the transaction value not exceeding ₹600 million.

Nature Trails operates retreats in scenic locations near Mumbai, offering a diverse range of curated outdoor experiences. Its services are spread across three key categories:

  • Adventure Holidays: Trekking, kayaking, rafting, and zip-lining.
  • Educational Trips: Focused on resilience-building, self-defence, and nature appreciation for students and corporate teams.
  • Corporate Getaways: Team-building activities, leadership development, and wellness programmes.

The brand has gained popularity among young and adventure-seeking travellers, a demographic that Thomas Cook India sees as a significant driver of growth.

A Strategic Move Towards an Experience-Centric Approach

Over the years, travel preferences in India have evolved significantly, with a growing number of travellers seeking authentic, local, and experience-driven tourism. Thomas Cook’s data indicates a younger customer base compared to a decade ago, influenced by social media and real-time experience sharing.

By integrating Nature Trails, Thomas Cook India aims to capitalise on this shift and expand its domestic leisure travel offerings. The acquisition will enable seamless operations, with Nature Trails continuing under the asset-light model while leveraging Thomas Cook’s strong retail and digital distribution network.

Transaction Details and Structure

The Nature Trails business will be integrated into Thomas Cook India’s operations through a slump sale, a method where a business is transferred as a going concern without individual asset valuation. The transaction is being undertaken at arm’s length and is expected to be completed within 60 days.

Key financial details:

  • Turnover of Nature Trails: ₹70 million (as of December 31, 2024).
  • Net asset value of the hotel business: ₹530 million.
  • Consideration for the transaction: Not exceeding ₹600 million.

As Nature Trails is a wholly owned subsidiary of Sterling Holiday Resorts, which in turn is owned by Thomas Cook India, this transaction falls within the category of a related party transaction.

The share price of Thomas Cook opened at ₹157 on the NSE, which was also the intraday high as of 10:03 AM on February 4, 2025.

About Thomas Cook India

Established in 1881, Thomas Cook (India) Limited is a leading omnichannel travel services company offering a diverse range of travel and financial solutions. The company operates across multiple verticals, including foreign exchange, corporate travel, leisure travel, visa services, and MICE (Meetings, Incentives, Conferences, and Exhibitions).

The Thomas Cook India Group has a strong presence in 28 countries across five continents and operates well-known travel brands such as SOTC, TCI, Sterling Holiday Resorts, and Travel Corporation India.

Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited, holds a 63.83% stake in Thomas Cook India.

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

Indus Towers Acquires 26% Stake in Amplus Tungabhadra for Captive Renewable Power Consumption

In a move towards sustainability and compliance with regulatory mandates, Indus Towers Limited has announced the acquisition of a 26% equity stake in Amplus Tungabhadra Private Limited. This acquisition aligns with Indus Towers’ commitment to renewable energy and will ensure compliance with India’s electricity laws governing captive power consumption.

Indus Towers share price was trading higher by 1.39% as of 9:51 AM on February 4, 2025. 

What is Amplus Tungabhadra?

Amplus Tungabhadra Private Limited, incorporated on October 6, 2023, operates in the renewable energy sector. The company focuses on owning, constructing, operating, and maintaining power stations, with a particular emphasis on solar photovoltaic (PV) energy generation. As part of its business model, it aims to provide sustainable power solutions for industrial and commercial entities.

Key Details of the Acquisition

  • Stake Acquired: 26%
  • Sector: Renewable Energy
  • Purpose: Compliance with captive power regulations under the Electricity Act, 2003
  • Power Generation Capacity: 50 MW from a Solar PV captive plant
  • Acquisition Cost: ₹27 crore (paid in cash)
  • Expected Completion: By February 2026, subject to regulatory approvals

Indus Towers will source 50 MW of renewable energy from the solar plant, reinforcing its commitment to green energy adoption. This initiative is a step forward in the company’s Net Zero sustainability goals.

Why is This Acquisition Important?

India’s Electricity Act, 2003, and Indian Electricity Rules, 2005, require companies to adhere to captive power consumption norms if they wish to generate their own power. Indus Towers’ investment in Amplus Tungabhadra ensures that it meets these regulations while also reducing dependency on non-renewable sources.

Additionally, this move supports the government’s renewable energy initiatives, helping India progress towards a cleaner energy future.

Regulatory Approvals and Timeline

The acquisition is subject to necessary open access approvals from regulatory authorities. Upon obtaining all clearances, the deal is expected to be fully completed by February 2026.

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

Don’t Fall for Scams: SEBI’s ‘Pay Right’ Initiative to Secure Investor Payments

Fraud in financial transactions is a growing concern, especially for stock market investors making payments to brokers. To combat fraud and enhance investor confidence, SEBI is introducing the ‘Pay Right’ initiative—a secure UPI-based payment system that ensures money is transferred only to genuine, registered stockbrokers and market intermediaries.

Key Features of SEBI’s ‘Pay Right’ Initiative

1. Unique UPI ID for Verified Brokers & Intermediaries

One of the most common scams investors face is sending money to fake stockbrokers or unauthorized third parties. ‘Pay Right’ aims to prevent this by assigning a unique alphanumeric UPI ID to all SEBI-registered stockbrokers and intermediaries.

This measure ensures that every transaction is directed to an authentic and authorized broker, reducing the risk of fraud.

2. Real-Time Verification with a ‘Thumbs-Up’ Icon

To provide further security, SEBI is introducing a real-time verification system.

  • When an investor initiates a payment to a stockbroker’s UPI ID, a “thumbs-up” icon inside a green triangle will appear.
  • This icon confirms that the recipient is a SEBI-verified stockbroker or intermediary.
  • If the icon does not appear, the investor should halt the transaction immediately, as they may be dealing with an unauthorized entity.

3. Higher UPI Transaction Limits for Investors

Currently, UPI transactions for capital market investments are capped at ₹2 lakh per day. Under the ‘Pay Right’ initiative:

  • The limit will be increased to ₹5 lakh per day to allow investors greater flexibility in transactions.
  • SEBI will periodically review this limit and make adjustments as necessary.

Why This Matters for Investors

With financial scams becoming more sophisticated, the ‘Pay Right’ initiative is a critical step in ensuring secure and legitimate financial transactions in the stock market. By leveraging technology, SEBI is reinforcing investor confidence and protecting market participants from fraudulent activities.

This initiative not only enhances security but also makes the payment process more transparent and reliable for investors. As financial transactions move further into digital platforms, such safeguards will be essential in maintaining trust in the stock market ecosystem.

Disclaimer: This blog has been written exclusively for educational purposes. 

http://bit.ly/3usSGoH