GoPro, once a consumer-tech darling, is shifting from action cameras to potential defense and aerospace work as it weighs strategic options that include a possible sale. The company’s board said it received unsolicited inquiries spanning defense, consumer, and financial parties, while earlier attempts to pivot to defense briefly lifted its stock before it slid again. Sales have been falling, losses rising, and GoPro has cut about a quarter of its workforce, leaving fewer than 600 employees.
India’s government has approved the listing and disinvestment of Mahanadi Coalfields Limited (MCL), opening the door for an IPO. DIPAM and the Ministry of Coal cleared the proposal after Coal India and MCL boards endorsed it and the Alternative Mechanism (AM) approved it. Coal India can dilute its stake in MCL by up to 25% through an offer for sale tied to the IPO and additional tranches, while MCL may also raise fresh capital via IPO, follow-on offers, QIPs, or other SEBI-approved routes.
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SEBI has approved IPO plans for Neolite ZKW Lightings, Aspri Spirits and SS Retail, clearing the way for the trio to tap India’s primary market. Neolite ZKW Lightings will raise Rs 600 crore via a Rs 400 crore fresh issue and Rs 200 crore OFS, funding a greenfield facility in Kancheepuram, expansion and debt repayment. Aspri Spirits seeks up to Rs 140 crore through a fresh issue plus OFS. SS Retail plans a Rs 500 crore IPO with Rs 300 crore fresh shares and up to Rs 200 crore OFS.
Gautam Adani and his nephew Sagar have agreed to pay $18 million in total to settle US Securities and Exchange Commission allegations that they made false and misleading statements about Adani Green Energy Ltd. The proposed deal—$6 million from Gautam and $12 million from Sagar—must still be approved by a judge. Separately, the US Justice Department is reportedly seeking to drop fraud charges in a parallel criminal case, which could help clear the way for Adani’s return to international capital markets.
SEBI has launched a consultation proposing a broad overhaul of exchange-traded derivatives rules to reduce compliance load on stock exchanges and clearing corporations. In a May 14 paper, the regulator plans to simplify master circulars, remove redundant provisions, and streamline operational requirements across equity, currency, commodity and interest rate derivatives. Key ideas include deleting the commodity CTM option series, cutting mandatory Product Advisory Committee meetings, and letting exchanges advance contract expiries during disruptions with “adequate notice” instead of a fixed 10-day timeline.
A sudden surge in block trades is reigniting optimism for India’s equity capital markets after a weak start to 2026. May block trade proceeds hit Rs 200 billion, the highest so far this year, driven by major deals including stake sales at Adani Ports and Special Economic Zone and investment platform Groww. The rebound contrasts with lackluster IPO fundraising and lagging equity performance.
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Sebi is considering changes that would broaden how mutual funds can use intraday borrowing. Right now, such borrowing is mainly allowed to meet redemption payouts. Under the proposal, funds could use it more widely as a cash management tool to handle timing mismatches between outflows and receivables, potentially improving flexibility and returns.
Onward Technologies has approved a Rs 180 crore share buyback, repurchasing nearly 5.49 lakh shares at Rs 328 each, a 20% premium. This is the company’s first-ever buyback, with May 18 set as the record date. Promoters will not participate, and Centrum Broking has been appointed as the buyback manager.
Reliance Jio is reportedly considering a major shift in its IPO approach: instead of existing investors selling shares, the company could issue fresh shares. That would route proceeds directly into Jio Platforms, potentially for debt reduction and expansion. Investors are watching closely, as this could rebuild confidence in India’s biggest IPOs and set a new playbook for future mega listings.
Sebi is proposing reforms to accelerate fundraising for alternative investment funds by introducing a “green channel” that lets eligible schemes begin immediately. It would also cut the waiting period for standard AIF launches. Accredited investors and angel funds are set to get more flexibility, with direct filings replacing merchant banker involvement in key cases.
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Jio Platforms’ IPO plans are reportedly being reshaped, with the public issue now likely to be entirely a fresh issue rather than an offer for sale. The change is linked to disagreements among existing investors over the price band. Back-and-forth could affect retail investors if listing-day performance disappoints, even as discussions with global funds continue.
SEBI has proposed expanding how Infrastructure Investment and Trust (IPF) income can be used. Stock exchanges can already spend up to 5% of IPF investment interest on defined trust and administrative costs, but depositories currently have no such allowance. The move could standardise expense treatment and tighten clarity on what IPF income can cover for depository operations.
Sebi has granted approval for IPO fundraising to six companies, including quick commerce unicorn Zepto and auto components maker Dhoot Transmission. The development signals fresh capital-market momentum as these firms move from regulatory clearance toward listing plans. Investors will now watch timelines, offer structures, and how each company positions growth to match market expectations.
SEBI has discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect. The regulator said the system has become redundant as the securities market has strengthened business continuity and cyber resilience frameworks. The move signals tighter reliance on updated risk and resilience mechanisms rather than a separate access platform for brokers.
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Sebi has settled proceedings against four entities tied to alleged diversion of funds connected to erstwhile Indiabulls Real Estate Ltd. The regulator confirmed the case closure after the entities paid a combined settlement amount of about Rs 10.49 crore. The move brings an end to Sebi’s action in the matter, subject to settlement terms and applicable conditions.
Retail-focused NBFC InCred Holdings has filed updated draft IPO papers with SEBI, targeting an estimated valuation of about Rs 15,000 crore. The proposed issue is pegged at Rs 3,000–4,000 crore, combining a fresh issue with an offer for sale by existing shareholders. The company says it will launch only when market conditions are suitable.
At least 10 companies are reportedly shrinking their planned IPO sizes as investor appetite cools. The capital market regulator allows a one-time reduction of up to half without requiring a fresh filing, giving issuers more flexibility to improve listing odds. Firms in sectors including NBFCs, jewellery, and healthcare are among those weighing the option to navigate current market conditions.
OnEMI Technology Solutions’ Rs 926 crore IPO is seeing only moderate interest. By Day 2, overall subscription stands at about 60%, led mainly by institutional investors, while retail participation remains comparatively low. With the grey market premium staying under 1%, signals point to cautious sentiment and a softer near-term trading outlook.
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OnEMI Technology Solutions Ltd’s IPO was subscribed 60% on its second day, signaling strong early interest. The digital lending platform Kissht has already raised Rs 278 crore from anchor investors. The total Rs 926 crore issue remains open until May 5, as the company seeks to strengthen its subsidiary’s capital base ahead of BSE and NSE listing.
SEBI has proposed changes to regulations for securitised debt instruments (SDIs) aimed at expanding the listed securitisation market. The plan includes allowing single-asset securitisation by RBI-regulated entities, permitting the winding up of securitisation transactions, and easing selected structural constraints. The move is intended to make the market more flexible and attractive for participants.
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