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In a string of notable developments across finance, insurance, and FMCG, Bajaj Finserv introduced a new small-cap fund aimed at quality investments amid market corrections, with its offer window approaching soon. ICICI Prudential Life rolled out a youth-focused market-linked plan, while Walko Food Company forayed into the artisanal dessert space by acquiring Meemee's Ice Creams. Meanwhile, Aseem Infrastructure Finance raised USD 80 million through its first external commercial borrowing and green loan, with DBS Bank leading the transaction from GIFT City.
Aseem Infrastructure Finance, a non-banking financial institution, recently disclosed that it had successfully raised USD 80 million through its first-ever external commercial borrowing, which also qualifies as a green loan. The funding round was led solely by Singapore-based DBS Bank via its IFSC Banking Unit located in GIFT City, as stated by the company. Advertisement
Meanwhile, Walko Food Company, a prominent ice cream brand established in 2012, announced its strategic entry into the artisanal dessert market. The company revealed it had acquired Meemee's Ice Creams for an undisclosed amount. Walko highlighted that Meemee is recognised for its quirky brand identity, bold flavours, and innovative dessert formats.
In the insurance space, ICICI Prudential Life introduced a new market-linked insurance product designed specifically for the younger demographic. Named the 'ICICI Pru Smart Insurance Plan Plus,' this wealth-building scheme starts with a minimum monthly premium of INR 1,000, as per the company's announcement.
Simultaneously, Bajaj Finserv launched a small-cap mutual fund with a commitment to focus on high-quality companies. The firm noted that the recent market correction has presented a favourable entry opportunity for investors. The new fund offer is scheduled to remain open for subscription over the next two weeks, targeting those looking to leverage emerging market trends.
While Bajaj Finserv is tapping into equity opportunities amidst market fluctuations, Aseem Infrastructure's green loan marks a sustainable milestone in NBFC lending. ICICI Prudential's youth-centric product and Walko's strategic brand acquisition indicate a sharper focus on specialised audiences and portfolio diversification. Together, these developments reflect a strong appetite for innovation and growth across key economic verticals.
Source - PTI
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