Lend Lease India Boosts Stake in Nexome Capital Markets

Lend Lease Company (India) Limited has significantly increased its stake in Nexome Capital Markets Ltd, acquiring 11,61,988 equity shares at Rs. 75.00 each on March 24, 2026. This transaction raises Lend Lease India's holding to 16.46% from its previous 4.92%, marking an 11.54% increase in its voting capital. The company completed necessary regulatory filings with SEBI on March 27, 2026, and with stock exchanges on April 06, 2026.

This substantial stake increase by Lend Lease India, a promoter group entity, signals growing confidence and strategic alignment with Nexome Capital Markets. The move suggests potential for more active involvement in the company's strategic direction and future operations, solidifying Lend Lease India's position as a significant shareholder and potentially influencing corporate decisions and governance.

Nexome Capital Markets, formerly known as SMIFS Capital Markets, has operated in the financial services sector, offering services like merchant banking and investment banking, since 1983. The company recently concluded an oversubscribed rights issue. Lend Lease Company (India) Limited, incorporated in 1987 and based in Kolkata, also operates within the financial leasing sector.

Despite this strategic investment, Nexome Capital Markets faces significant challenges. Analyst reports highlight operational issues and a negative financial trend, including operating losses and declining sales. MarketsMojo assigned a 'Strong Sell' rating in March 2026, citing below-average quality, weak financial trends, and bearish technical signals. Furthermore, Nexome Capital Markets did not qualify as a 'Large Corporate' under SEBI regulations for fiscal year 2026.

Nexome Capital Markets operates within the financial services sector alongside companies like HB Portfolio Ltd and Real Touch Finance Ltd, which are involved in similar investment and finance activities. It also competes for benchmarks against larger firms such as Cholamandalam Investment & Finance Company Ltd and Muthoot Finance Ltd, offering broader comparisons for financial services firms.

Investors will be monitoring future strategic decisions and operational plans from Nexome Capital Markets. Key factors to watch include the company's ability to address reported revenue volatility and operational challenges. Any further corporate actions by promoter entities and the impact of the increased shareholding on financial performance and governance metrics will also be closely observed.