The Monetary Policy Committee (MPC) of the RBI kept the Repo rate unchanged at 6.5% in a majority 4-2 decision in December 2024 against market expectations of rate cuts. However it reduced CRR by 50 bps to increase liquidity in the system. The BSE Sensex closed at 79,803 up by 0.52% and the Nifty 50 closed at 24,131 down by 0.31% in November. IPO of food delivery platform Swiggy hit the market and was listed at a modest premium.
Key M&A and PE deals include merger of Aster DM and Blackstone backed Quality CARE to create India’s third largest Hospital chain and Beta Drugs, a vertically integrated cancer firm raising funds in a round led by HealthQuad Fund. To read more, click here.
