SC pulls up Kotak AMC, the SBI Funds Management IPO, and more

In this week’s wrapup, we discuss why private equity (PE) firms are suddenly interested in buying Indian schools, the SBI Funds Management IPO, the problems in India’s Public Distribution System (PDS), whether genetically modified seeds can help farmers break free from their dependence on the monsoon, and why the Supreme Court upheld a penalty that SEBI imposed on Kotak Mahindra AMC five years ago.With that out of the way, let’s look back at what we wrote this week.Why are investors suddenly obsessed with schools?Two blockbuster private equity deals just happened in India.

But they weren’t in AI, fintech, or manufacturing. They were in schools.And that’s not a coincidence. Investors are suddenly writing multi-thousand-crore cheques for premium schools because they’ve quietly become one of India’s most predictable businesses. Parents rarely pull their kids out, fees keep rising, and revenue flows in year after year.But that’s only part of the story.

More on this story

There’s a much bigger economic shift driving this trend. To find out what it is, read Monday’s newsletter here.The SBI Funds Management IPOMillions of Indians already own SBI Mutual Fund schemes. But here’s the odd bit.