HCL Tech partners with Dolphin Semiconductor, ICICI Bank to increase stake in ICICI Pru AMC, & more - Groww Digest
Monday, 8 December 2025
Markets opened below Friday’s closing point.
All sectors’ stocks fell today. Realty stocks and PSU bank stocks fell the most.
There are only 4 stocks in the Nifty 50 that rose today. Hence, there are only 4 stocks in the ‘Top Gainers’ section.
Global markets: US markets and most Asian markets rose. European markets showed a mixed trend (as of 6 pm IST).
News
India and the European Union will resume talks on the proposed Free Trade Agreement (FTA).
Wakefit IPO has been subscribed 0.15 times. Retail subscription: 0.73 times. IPO closes on 10 Dec.
Corona Remedies IPO has been subscribed 0.62 times. Retail subscription: 0.87 times. IPO closes on 10 Dec.
Stocks Updates
ICICI Bank: will buy an additional 2% stake in ICICI Prudential AMC from Prudential for Rs 2,140 crore, aiming to maintain its majority ownership.
Shriram Finance: issued Rs 75 crore of 7-year non-convertible debentures at 7.60% on private placement.
HCL Tech: partnered with Dolphin Semiconductor to co-develop energy-efficient chips for IoT devices and data centers.
Adani Enterprises: company subsidiary, Adani Airport Holdings, created a new wholly owned subsidiary, Adani Airport City Ltd, to develop and manage airport city-side infrastructure.
Dr Reddy’s: signed an exclusive deal with Australia-based ‘Immutep SAS’ to develop and globally commercialize the cancer drug ‘Eftilagimod Alfa’. The deal includes a $20 million upfront payment, plus potential milestones and royalties to Immutep SAS.
Word of the Day
Capital Flight
It is the rapid outflow of large amounts of money out of a country
This can be triggered due to economic or political instability.
Investors and businesses choose to move their money into safer investments abroad, fearing devaluation of currency, tax raises, unstable policies, or potential default.
This outflow can weaken the country’s economy by reducing investment, limiting economic growth, and putting pressure on the local currency.
6 Day Course
Theme: AIF
Day 1: Monday
In India, many are aware about mutual funds. There are other categories of funds too that are less-known.
Some examples are SIFs, hedge funds, venture funds, etc.
One such category of funds is called AIF: Alternative Investment Funds.
These funds are also regulated by SEBI like mutual funds. But their investment structure is very different.
The first step to understanding AIFs is to know that there are 3 kinds of AIFs:
Category I:
These AIFs invest in start ups, small-and-medium enterprises, early stage companies, social ventures, etc.
Category II:
These AIFs also invest in unlisted companies but these can be of a larger size. Many times they invest in companies that are unlisted but headed for IPO. They may also invest in debt funds and bonds of such riskier companies.
Category III:
These AIFs can use very alternative strategies including trading, leveraging, hedging, private equity, etc.
We explored the question “What if I invest only in zero-debt companies? Will I earn higher returns in the long term?”
Check out the full report here.
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Really solid coverage of today's market action. The ICICI Bank move to increase its stake in ICICI Pru AMC is interesting timing considering how competitive the asset management space is getting. Paying ₹2,140 crore for just 2% shows how valuable these AMC platforms have become, especially with AUM growth accelerating. What's less obvious is how this consolidation might affect distribution dynamics since ICICI Bank already has such a huge retail network. Coud this squeeze out smaller fund houses even more?