🇮🇳 India Daybook: Jio Platforms Files for Mega IPO, Infosys Seals $560M US Deals

📍 IPO WATCH

• Reliance Industries: The conglomerate is expected to file the Draft Red Herring Prospectus (DRHP) for the Jio Platforms IPO with SEBI today. The public issue is estimated to be worth between $3.7 billion and $4 billion, potentially making it one of the largest in Indian history.

📍 ACQUISITION

• Infosys: The IT giant has announced the acquisition of two US-based companies to bolster its specialized consulting arms. It is acquiring Optimum Healthcare IT for $465 million and Stratus, an insurance tech firm, for $95 million.
• Accuracy Shipping: The company informed exchanges of a new acquisition under Regulation 30, aimed at expanding its logistics and supply chain footprint.

📍 LEGAL & REGULATORY

• Vedanta Ltd: The company has moved the Supreme Court seeking an immediate stay on the implementation of Adani Enterprises' ₹14,535 crore resolution plan for Jaiprakash Associates (JAL). Vedanta argues its higher bid of ₹16,726 crore was unfairly bypassed.
• Adani Enterprises: In response to Vedanta's move, Adani has filed a caveat in the Supreme Court, requesting to be heard before any judicial stay or order is passed regarding the JAL acquisition.

📍 POWER & RENEWABLES

• Adani Green Energy: The company has commercially operationalized 951 MW of solar and hybrid power projects across Rajasthan (251 MW) and Gujarat (700 MW). This expansion brings the firm’s total operational renewable capacity to approximately 18,933 MW.

📍 CORPORATE UPDATES

• Coal India: Announced a planned investment of ₹3,300 crore to set up eight new coking coal washeries. The move is designed to enhance domestic supply for the steel industry and reduce reliance on expensive imports.
• Zee Learn: The company has officially closed its trading window from April 1, 2026, as it prepares to finalize and declare its audited financial results for the fiscal year ending March 31.
• Jio Financial Services: Reported to be in the final stages of receiving regulatory approvals for its joint venture with BlackRock to launch wealth management and brokerage services in India.

📍 TRADING HOLIDAY

• NSE/BSE: The Indian equity, debt, and derivatives markets are closed today, March 31, 2026, on account of Mahavir Jayanti.
• Reopening: Trading will resume on Wednesday, April 1, 2026. However, tomorrow will be a settlement holiday due to the annual closing of bank accounts; while trading is permitted, fund payouts and share deliveries will be processed on the following working day.

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