IRB InvIT Fund has scheduled an Extraordinary General Meeting next month to seek unitholder approval for acquiring VM7 Expressway Private Limited at an enterprise value of INR 1,217 crore and an equity value of INR 513 crore. The asset covers a 27.5-km eight-lane stretch on the Vadodara-Mumbai Expressway developed under the Hybrid Annuity Model. The proposal also includes extending secured debt and shareholder loans to replace existing borrowings. A long-term project management agreement worth about INR 244.57 crore over nearly 15 years will also be considered.Read more

HRX Digitech LLP, owned by Rakesh and Hrithik Roshan, acquired four commercial units in Yura Business Park Phase 2, Andheri West, Mumbai, for a total of INR 10.90 crore. The units range from approximately 473 sq ft to 852 sq ft and include multiple parking slots. Stamp duty and registration charges were paid for all transactions. Analysts view the move as a strategic investment aligned with sustained demand for premium commercial spaces. Andheri West's connectivity, amenities, and established commercial ecosystem continue to make it a preferred destination for investors.Read more

Supreme Infrastructure India Ltd (SIIL) reported a remarkable financial resurgence earlier this week, driven by a comprehensive restructuring that restored its balance sheet and stabilised operations after years of financial distress. The company's net worth shifted from a negative INR 6,22,832.62 lakhs to a positive INR 34,667.65 lakhs, while total debt dropped sharply to INR 2,09,065.51 lakhs. SIIL also secured USD 240 million (INR 240 crores) from marquee investors, signalling renewed market confidence. The firm recorded sizeable exceptional gains relating to its settlement with lenders, alongside an improving operational performance and a strong order pipeline exceeding INR 4,000 crores.Read more

The Ghaziabad Municipal Corporation (GMC) has extended the property tax rebate window to the end of December, allowing homeowners to continue availing a 20% concession. This marks the second extension in the current financial year, following the earlier deadline that expired in the past week. From January, the rebate will reduce to 10%, fall further to 5% in February, and discontinue entirely from March, when penalties will be imposed. The extension comes amid public unease and a pending High Court challenge linked to the earlier property tax hike, even as GMC targets substantial progress towards its INR 600 crore revenue goal.Read more

Bajaj Finance reduced its shareholding in Bajaj Housing Finance by offloading nearly 2 per cent of its stake via an open-market deal valued at INR 1,588 crore. Bulk deal information released by the National Stock Exchange showed that 16.66 crore shares were sold at an average price of INR 95.31 each. Following this transaction, Bajaj Finance's holding slipped from 88.70 per cent to 86.71 per cent. While buyer identities were not disclosed, the development coincided with a sharp intraday decline in Bajaj Housing Finance's share price. The sale also followed the company's strong second-quarter earnings performance earlier this year.Read more

Hindustan Construction Company announced earlier this week that its board had cleared a substantial rights issue aimed at mobilising up to INR 1,000 crore. The company confirmed that it would issue 79.99 crore rights equity shares, offering them to eligible shareholders in the ratio of 277 shares for every 630 fully paid-up shares. The board had taken this decision in a meeting held earlier this past week, with the record date for eligibility set for later in the week. The move is part of HCC's ongoing efforts to strengthen its capital structure without increasing debt.Read more

Equites Property Fund announced that it will issue 41.3 million new shares as part of its latest accelerated bookbuild. The company confirmed that the shares will be priced at INR 17.25 each, following the outcome of the fundraising process completed earlier this week. The move forms part of Equites' ongoing capital-raising strategy, which has been used in past years to support its logistics-focused property portfolio and manage balance-sheet needs. The Johannesburg-listed REIT has regularly used equity issuance to strengthen its capital position, and the latest step continues that approach.Read more

Finance Minister Smt Shrimati Nirmala Sitharaman underscored the importance of international collaboration in tax transparency, particularly as economies digitalize and new financial products emerge. Speaking at the 18th Global Forum Plenary, she highlighted the use of technology and artificial intelligence alongside human judgment to make exchanged tax information effective. Stressing confidentiality and cybersecurity, she emphasized that no single country can tackle these challenges alone. India has strengthened voluntary compliance through predictable tax systems and integrates exchanged information into compliance and risk analyses. Innovation and accountability, she said, are essential for credible tax administration.Read more

PVV Infra Ltd plans to raise up to INR 49.33 crore through a rights issue of partly paid-up equity shares with a face value of INR 5 each. The board approved the plan this week, with record dates and other details to be announced later. The move follows the company's recent acquisition of two solar orders worth INR 799 crore, highlighting its focus on renewable energy. The funds raised will help PVV Infra manage project execution and support its expansion in rooftop and ground-mounted solar projects across India.Read more

The Patna Municipal Corporation (PMC) has rolled out a relief scheme allowing property owners to clear overdue municipal tax by paying only the principal - all interest and penalties will be waived. The scheme, approved under the Bihar Municipal Property Tax Incentive Scheme - 2025, offers a one-time settlement (OTS) option for dues from the current and prior years. It applies to residential, commercial, industrial, institutional properties, and even those owned by state or central government. Pending legal cases or unassessed properties are also eligible, provided formal withdrawal or assessment is completed. PMC has cautioned that any falsification or concealment of facts will lead to cancellation of waiver benefits.Read more