MF AUM to Surpass India’s GDP: Estimated Growth to ₹2791 Lakh Crore by 2047

The Association of Mutual Funds in India (AMFI) has unveiled its ambitious vision document, The Mutual Funds Route to Viksit Bharat @2047, outlining the expected growth trajectory of the Indian mutual fund industry. According to the report, the industry is projected to outpace India’s GDP by 2047, reflecting significant expansion in retail participation, assets under management (AUM), and financial inclusion.

Currently, the Indian GDP stands at ₹279 lakh crore (2024), with an estimated rise to ₹2492 lakh crore by 2047. Meanwhile, the mutual fund industry’s AUM is forecasted to skyrocket from ₹53.4 lakh crore (2024) to ₹2791 lakh crore, marking a substantial increase in its share of GDP from 19% to 112%.

Projected Growth in Investors and Distribution Network

The report highlights a significant surge in retail participation and distribution channels within the mutual fund ecosystem:

  • The number of retail investors is set to grow from 4.50 crore in 2024 to 26.30 crore by 2047.
  • The number of mutual fund distributors and registered investment advisors (RIAs) is expected to rise from 2.07 lakh to 9.95 lakh.
  • The total number of mutual fund companies is projected to increase to 212 by 2047, expanding the competitive landscape of the industry.

Key Highlights from the AMFI Vision Document

Several crucial insights from the report reflect the industry’s expansion and increasing investor penetration:

  • Retail AUM will grow from ₹34 lakh crore in 2024 to ₹1954 lakh crore by 2047.
  • Institutional AUM is expected to reach ₹837 lakh crore by 2047.
  • Mutual fund penetration in India will increase from the current 3% to 15% by 2047, indicating a broader financial inclusion strategy.

AMFI’s Initiatives Aligned with Viksit Bharat 2047

To support its vision of expanding the mutual fund ecosystem, AMFI has introduced several initiatives aimed at enhancing financial literacy, accessibility, and digital transformation.

Farm to Financial Freedom Initiative

This initiative is designed to integrate rural communities and dairy farmers into the formal financial ecosystem. By providing financial literacy in local languages, improving digital accessibility, and introducing investor-friendly mutual fund solutions, the programme seeks to bridge the financial divide between urban and rural India.

The Sahi Journey – Empowering Retail Investors

With the rapid digitalisation of financial transactions, AMFI is focused on simplifying investor journeys through AI-driven, personalised investment solutions. Presently, 90% of mutual fund transactions are conducted digitally. The Sahi Journey initiative aims to extend financial literacy through vernacular education, regional strategies, and targeted efforts to reach beyond metro cities into Tier 2, Tier 3, and rural markets.

Conclusion

AMFI’s vision document underscores the pivotal role mutual funds will play in India’s financial landscape by 2047. The projected growth in AUM, investor participation, and financial literacy initiatives is set to transform the industry, making it a significant contributor to the country’s economic development. With increasing digital adoption and investor-centric initiatives, the mutual fund industry is on a promising path toward greater inclusivity and expansion.

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 in the securities market are subject to market risks, read all the related documents carefully before investing.

Adani Wilmar To Acquire GD Foods to Strengthen Its Food Portfolio

Adani Wilmar Limited (AWL), a major player in India’s food FMCG sector, has announced its decision to acquire G.D. Foods Manufacturing (India) Private Limited, known for its popular brand “Tops.”

Acquisition Details 

This acquisition will be completed in phases. 80% of the shares will be acquired initially, while the remaining 20% will be purchased over the next three years. On this acquisition, Angshu Mallick, MD & CEO of Adani Wilmar, said, “As the food market changes, there is a growing demand for trusted brands that offer high-quality and affordable products for Indian kitchens. AWL has strong manufacturing and distribution capabilities, and adding ‘Tops’ to our portfolio will help us serve more households. This acquisition strengthens our position in the packaged food industry and supports our long-term growth plans.”

Strength of the “Tops” Brand and Its Market Presence

Founded in 1984, GD Foods has built a strong reputation, especially in North India, for its high-quality food products, including sauces, jams, pickles, noodles and instant mixes. The company operates through three in-house manufacturing facilities and has a retail network of over 150,000 outlets across seven states. “Tops” is one of the top three brands in the tomato ketchup and pickles segment, making it a valuable addition to AWL’s business.

Strategic Benefits and Growth Potential

This acquisition aligns with AWL’s vision of catering to Indian household needs by offering a broader range of kitchen essentials. The integration of “Tops” into AWL’s portfolio will introduce eight new product categories, enhancing its ability to meet evolving consumer demands. Additionally, AWL plans to invest in expanding the distribution and marketing of “Tops” products to boost their reach and profitability.

Financial and Operational Aspects of the Deal

GD Foods reported a revenue of ₹386 crores in FY24, with a compound annual growth rate (CAGR) of 15% over three years. The transaction will be financed using AWL’s internal funds or proceeds from its IPO. The deal is expected to be finalised within 60 days. Various financial and legal advisors, including KPMG India and PWC, are supporting the transaction. 

Share performance 

As of March 05, 2025, at 11:00 AM, the shares of AWL are trading at ₹254.10 per share, reflecting a profit of 5.93% from the previous day’s closing price. Over the past month, the stock has registered a loss of 6.44%. The stock’s 52-week high stands at ₹403.95 per share, while its low is ₹231.55 per share.

Conclusion

This acquisition marks a strategic step for AWL in the FMCG sector, adding high-margin products to its portfolio while leveraging its robust distribution network. With plans to expand “Tops” brand reach and product availability, AWL is set to strengthen its position as a leading food FMCG company in 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.

GE Vernova T&D Bags ₹500 Crore Orders from Power Grid

GE Vernova T&D India Limited has secured three orders from Power Grid Corporation of India Limited (PGCIL), amounting to approximately ₹500 crore. The orders involve the supply and installation of 765kV class transformers and reactors under bulk procurement. The execution timeline for these orders is set at 36 months.

Execution and Order Details

According to GE Vernova T&D’s regulatory filing, these orders are domestic and do not involve any related-party transactions. The contracts fall under bulk procurement and are expected to be completed within the specified timeline of 36 months.

Power Grid’s Projects

Power Grid Corporation has been awarded three interstate transmission system projects under tariff-based competitive bidding. These include:

  • Rajasthan REZ Phase-V (Part-1: 4 GW) – Establishment of transmission lines and augmentation of transformation capacity at the Sirohi substation in Rajasthan.
  • Banaskantha (Raghanesda) Power Station, Gujarat – Expansion of the existing infrastructure.
  • Kurnool-IV REZ Phase-I (4.5 GW), Andhra Pradesh and Karnataka – Establishment of a new 765/400/220kV Kurnool IV Pooling Substation, capacity expansion at the C’peta Substation, and new transmission lines.

Financial Performance

The company reported a net profit of ₹142.68 crore for the quarter ending December 2024, compared to ₹49.35 crore in the same quarter of 2023.

As of 9:36 AM on March 5, GE Vernova T&D India Ltd traded at ₹1,400.00, rising 2.87% for today but down 18.14% over the past month, while still up 44.16% in the past year. Meanwhile, Power Grid Corporation of India Ltd was at ₹258.85, gaining 1.91% for the day.

The stock’s 52-week high stands at ₹2,215.70, recorded on December 23, 2024, while its 52-week low of ₹801.00 was observed on March 20, 2024. Currently, the stock trades around 38.62% below its 52-week high but remains 69.79% above its lowest level.

Conclusion

All in all, GE Vernova T&D India’s ₹500 crore order from Power Grid adds to its project pipeline, with execution planned over 36 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.

Power Grid Secures 3 Inter State Transmission Projects Under BOOT Model

Power Grid Corporation of India Ltd (POWERGRID) has been awarded 3 interstate transmission system (ISTS) projects under the Build, Own, Operate, and Transfer (BOOT) model. The company received the Letter of Intent (LoI) for these projects on March 3, 2025, through tariff-based competitive bidding (TBCB).

As of March 5, 2025, at 9:45 AM, Power Grid Corporation of India Ltd was trading at ₹258.75, up ₹4.75 (1.87%) for the day, while it has declined 9.27% in the past month and 12.29% over the past year.

Transmission System for Rajasthan REZ

The first project involves setting up a transmission system for power evacuation from Rajasthan Renewable Energy Zone (REZ) Phase-V (Part-1: 4 GW). This includes augmenting the transformation capacity at the under-construction Sirohi substation in Rajasthan and developing 765kV double-circuit transmission lines across Rajasthan and Madhya Pradesh.

Augmentation of Transformation Capacity in Gujarat

The second project focuses on increasing the transformation capacity at Banaskantha (Raghanesda) Power Station (GIS) in Gujarat. The project includes ICT augmentation works at the existing substation to support power transmission in the region.

Transmission System for Kurnool-IV REZ

The third project involves the integration of Kurnool-IV REZ Phase-I (4.5 GW). It includes the establishment of a new 765/400/220kV pooling substation in Kurnool, Andhra Pradesh, augmentation of transformation capacity at the existing C’peta substation, and the development of 765kV and 400kV double-circuit transmission lines across Andhra Pradesh and Karnataka.

Q3 FY25 Financial Performance

For the third quarter ending December 31, 2024, Power Grid reported a 4.1% decline in net profit at ₹3,861.6 crore, compared to ₹4,028.3 crore in Q3 FY24.

Revenue from operations fell 3% to ₹11,233 crore, from ₹11,579.8 crore in the same period last year. EBITDA declined 6.9% year-on-year, reaching ₹9,537.9 crore from ₹10,242.9 crore in Q3 FY24.

Conclusion

Power Grid Corporation of India Ltd has secured three interstate transmission projects under the BOOT model, expanding its network across multiple states. The company’s Q3 FY25 results showed a drop in net profit and revenue, while its stock saw slight movement.

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.

Belrise Industries Gets SEBI Approval for ₹2,150 Crore IPO

Belrise Industries Ltd. has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its Initial Public Offering (IPO). The company had submitted its draft red herring prospectus (DRHP) on November 19, 2024, and SEBI granted approval on March 4, 2025.

IPO Structure 

The IPO consists of a fresh issue of equity shares worth ₹2,150 crore. There is no offer-for-sale (OFS) component, meaning all proceeds will go to the company.

Belrise plans to use the funds to repay or prepay outstanding borrowings, with ₹1,618.1 crore allocated for debt reduction. The remaining funds will be used for general corporate purposes. As of September 30, 2024, the company had total borrowings of ₹2,588 crore.

The company may also consider raising up to ₹430 crore in a pre-IPO round, which would reduce the fresh issue size accordingly.

IPO Allocation and Lead Managers

The IPO will be allocated as follows:

  • 50% to Qualified Institutional Buyers (QIBs), with 60% of this reserved for anchor investors.
  • 15% to Non-Institutional Investors (NIIs).
  • 35% to Retail Investors.

The issue is being managed by Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., Jefferies India Pvt. Ltd., and SBI Capital Markets Ltd. Link Intime India Pvt. Ltd. is the registrar.

Listing and Pricing

After the IPO, Belrise Industries will be listed on NSE and BSE. The price band will be determined in consultation with the book-running lead managers.

Background and Operations

Belrise Industries, established in 1988, manufactures automotive components for two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles. The company produces metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.

For FY24, the company reported revenue of ₹7,484.2 crore. It operates over 15 manufacturing facilities across seven states in India and has a workforce of more than 15,000 employees. The company also exports to Austria, Slovakia, the UK, Japan, and Thailand.

Conclusion

The approval from SEBI marks a step in Belrise Industries’ public listing process. The company will now proceed with determining the price band and launch timeline in coordination with its lead managers.

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.

NFO Alert: ICICI Prudential Mutual Fund Launches BSE Liquid Rate ETF

ICICI Prudential Mutual Fund has launched the ICICI Prudential BSE Liquid Rate ETF, an open-ended Exchange-Traded Fund (ETF) that aims to provide returns before expenses in line with the BSE Liquid Rate Index, subject to tracking errors. The ETF is categorised under Debt: Liquid and follows a growth plan.

NFO Details

The New Fund Offer (NFO) details are as follows:

  • Issue Opens: March 5, 2025
  • Issue Closes: March 10, 2025
  • Minimum Investment: ₹1,000
  • Lock-in Period: Not applicable
  • Exit Load: Nil
  • Plan: Growth

Fund Structure 

The ETF is to replicate the performance of the BSE Liquid Rate Index, which tracks short-term money market instruments. The objective is to offer investors returns that correspond closely to the index while managing tracking errors.

  • Fund Manager: Darshil Dedhia
  • Registrar and Transfer Agent: Computer Age Management Services Ltd.
  • Fund House: ICICI Prudential Mutual Fund

Risk and Benchmark

The risk level of the scheme is low, as indicated by its riskometer. Since the ETF invests in short-term debt instruments, it is expected to have minimal volatility. The BSE Liquid Rate Index serves as the benchmark for the fund’s performance.

Liquidity and Trading

As an open-ended ETF, units can be bought and sold on stock exchanges, providing liquidity to investors. There are no exit charges, allowing flexibility in managing investments.

The ETF is available to retail and institutional investors looking for short-term parking of funds with relatively stable returns. It may be used by corporates and investors as an alternative to traditional savings instruments.

Conclusion

Overall, this New Fund Offer provides another debt investment option under the ICICI Prudential Mutual Fund umbrella, offering exposure to short-term liquid instruments while tracking the BSE Liquid Rate Index.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

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 in the securities market are subject to market risks, read all the related documents carefully before investing.

Marsons Receives ₹9.49 Crore Order from Inox Wind

Marsons Limited has secured an order worth ₹9.49 crore (exclusive of taxes) from Inox Wind Limited. The order is for the supply of a 160 MVA, 220 kV class Extra High Voltage (EHV) Power Transformer. The company disclosed the information to the Bombay Stock Exchange (BSE) in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As of March 5, 2025, Marsons Ltd is trading at ₹129.95, up ₹0.35 (0.27%) at 9:53 AM. Over the last month, the stock has dropped 23.40%, but it has gained 354.69% over the past year. Meanwhile, Inox Wind Ltd is currently at ₹148.37, rising ₹3.63 (2.51%) as of 9:54 AM. The stock is down 12.90% in the past month but has seen a 13.04% increase over the last year.

Order Details and Execution

The transformer is scheduled to be delivered by July 30, 2025. The order has been placed by a domestic entity and does not fall under related-party transactions. Marsons has clarified that its promoter group has no financial interest in Inox Wind. The financial impact of this order will be reflected in the company’s revenue over the execution period.

EHV transformers are a part of power transmission infrastructure, handling high-voltage electricity distribution. These transformers play a role in energy projects requiring stable and efficient transmission systems. Marsons has not disclosed any additional conditions attached to the order.

Company Information

Marsons Limited, established in 1976, is headquartered in Kolkata, West Bengal. The company manufactures power transformers and related electrical equipment. It supplies transformers for various applications, including industrial and power distribution networks.

Inox Wind Limited operates in the wind energy sector, providing wind power solutions and related infrastructure. The company procures equipment such as transformers for integrating wind-generated electricity into the grid. 

Conclusion 

The order from Inox Wind adds to Marsons Limited’s business operations in power equipment manufacturing. The financial impact will be reflected over the execution period, with delivery scheduled by July 30, 2025. Any further updates on this contract may be included in the company’s future regulatory filings and financial reports.

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.

Income Distribution Under HDFC and Nippon India Mutual Fund Schemes

HDFC Mutual Fund and Nippon India Mutual Fund have announced income distribution under the IDCW (Income Distribution cum Capital Withdrawal) option for select schemes. The record date for both fund houses is March 6, 2025.

HDFC Mutual Fund Income Distribution

HDFC Mutual Fund has declared income distribution under three schemes. The HDFC ELSS Tax Saver Fund has the highest payout, with ₹7.00 per unit for both the Direct-IDCW and Regular-IDCW plans.

The HDFC Banking & Financial Services Fund has an income distribution of ₹1 per unit under both Direct and Regular plans. The HDFC Housing Opportunities Fund has an IDCW of ₹1.25 per unit for both plan types.

HDFC Mutual Fund IDCW Details (₹ per unit)

Scheme Direct-IDCW Regular-IDCW
HDFC ELSS Tax Saver Fund 7.00 7.00
HDFC Banking & Financial Services Fund 1.00 1.00
HDFC Housing Opportunities Fund 1.25 1.25

Nippon India ELSS Tax Saver Fund Income Distribution

Nippon India Mutual Fund has announced income distribution for its Nippon India ELSS Tax Saver Fund. Under the Direct-IDCW option, the fund will distribute ₹3 per unit, while the Regular-IDCW option has a payout of ₹2.50 per unit.

Nippon India ELSS Tax Saver Fund IDCW Details (₹ per unit)

 

Option IDCW Amount
Regular-IDCW 2.50
Direct-IDCW 3.00

Conclusion

In conclusion, both HDFC Mutual Fund and Nippon India Mutual Fund have declared distributions across their tax-saving and sectoral schemes, with varying payout amounts under Direct and Regular IDCW options. The record date for all distributions is March 6, 2025. Investors holding units on this date will be eligible for the IDCW payout.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

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 in the securities market are subject to market risks, read all the related documents carefully before investing.

RVNL Gets LOA for a Project Worth ₹729.8 Crore From HPSEBL

Rail Vikas Nigam Limited (RVNL) is a premier central public sector enterprise under the Ministry of Railways, Government of India. Established in 2003, it serves as the dedicated construction arm of Indian Railways, spearheading critical infrastructure projects such as track doubling, new line development, electrification, and the construction of major bridges.

Order Details

On March 4, 2025, the state-run railway and construction giant announced the receipt of a prestigious order worth ₹730 crore from the Himachal Pradesh State Electricity Board. 

The contract pertains to the development of distribution infrastructure in Himachal Pradesh’s central zone under the Revamped Reforms-based and Results-linked Distribution Sector Scheme. As per the exchange filing, the project is to be executed within a stipulated period of 24 months.

“It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Acceptance from HPSEBL for the Development of Distribution Infrastructure in the CENTRAL ZONE of Himachal Pradesh under the Revamped Reforms-based and Results-linked Distribution Sector Scheme (Loss Reduction Work),” RVNL declared in its regulatory statement.

RVNL Q3 FY25 Results

Despite these milestone achievements, RVNL reported a 13.1% year-on-year (YoY) decline in net profit for the third quarter ending 31st December 2024, with earnings standing at ₹311.6 crore. Revenue during the period witnessed a modest contraction of 2.6%, amounting to ₹4,567.4 crore. 

At the operational level, EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) declined by 3.9% YoY to ₹239.4 crore, while the EBITDA margin remained largely stable at 5.2%.

Share Price Performance 

At 9:27 AM on March 5, 2025, Rail Vikas Nigam Ltd. shares traded 2.08% higher at ₹332.95 per share on the NSE.

Conclusion

Rail Vikas Nigam Limited continues to fortify its position as a key driver of India’s infrastructure evolution. Securing high-value contracts like the Himachal Pradesh power distribution project underscores RVNL’s prowess in executing large-scale, transformative developments.

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.

Grasim Industries Commences Commercial Production At Mahad Plant in Maharashtra

Grasim Industries Limited, established in 1947, is the flagship entity of the Aditya Birla Group and stands among India’s most esteemed publicly listed corporations. Initially a textiles manufacturer, Grasim has since evolved into a multifaceted conglomerate with a commanding presence across various industries.

New Production Facility

On March 4, 2025, Grasim Industries announced the commencement of commercial production at its Birla Opus Paints plant in Mahad, Maharashtra, effective immediately. The state-of-the-art facility boasts an installed capacity of 180 million litres per annum (MLPA) for water-based paint, 20 MLPA for distemper, and 30 MLPA for solvent-based paint.

Expanding Capacity

With this milestone, five of Grasim’s 6 greenfield paint plants are now operational, bringing the total installed capacity for decorative paints under the ‘Birla Opus’ brand to an impressive 1,096 MLPA. The newly launched production will cater to the surging domestic demand, reinforcing Grasim’s strategic expansion in the paints sector.

“With the commencement of commercial production at our Mahad plant, five out of our six greenfield plants are now operational, elevating our total installed capacity for decorative paints under the ‘Birla Opus’ brand to 1,096 MLPA,” the company stated in a regulatory filing.

Grasim Industries Q3 FY25 Results

Grasim reported a net loss of ₹168.7 crore in Q3 FY25, a substantial increase from the ₹74 crore loss recorded in the same period last year. This contrasts sharply with the previous year’s net profit of ₹236 crore. However, revenue surged by 26.9% to ₹8,120.3 crore, compared to ₹6,400 crore in the prior year. 

The company’s EBITDA saw a decline of 48.2% in the December quarter, standing at ₹270.6 crore against ₹522.6 crore in the corresponding period last year.

Share Price and Performance 

At 9:43 AM on March 5, 2025, Grasim Industries Ltd shares traded in green at ₹2,394.70 per share on the NSE.

Conclusion

Grasim Industries’ launch of commercial production at the Birla Opus Paints plant in Mahad marks a significant milestone in its entry into the paints sector. With a substantial installed capacity across multiple paint categories, the facility reinforces the company’s commitment to scaling up operations and competing with established players.

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.