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Bajaj Finance: Capital raise on high growth visibility

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f BAF were to raise Rs100bn, valuation at CMP would moderate by 10% to 5.0x (FY25) and leverage by 16% to 4.3x. BAF’s high profitability (~5% ROAs) will enable delivering sector-leading ROEs of ~23%, even at lower leverage.

• 25 September, 2023
• 10:58 AM
• less than a minute

Nirma will launch an open offer to purchase a 75% interest in Glenmark Life Sciences for Rs 5,6...

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Nirma Ltd. will conduct a required open offer to all public shareholders of GLS in accordance with SEBI regulations.

• 22 September, 2023
• 11:30 AM
• less than a minute

Adani Group forms JV for redevelopment of Mumbai’s Dharavi slum

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Adani Group verified the formation of the entity, Dharavi Redevelopment Project Pvt Ltd, without going into further detail.

• 22 September, 2023
• 11:22 AM
• less than a minute

The government obtains substantial dividends from BHEL and Coal India Ltd

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The Government has received about Rs 1556 crore and Rs 88 crore as dividend tranches from Coal India Ltd. and BHEL, respectively.

• 21 September, 2023
• 2:07 PM
• less than a minute

Vedanta Ltd Shares Hit 14-Month Low Ahead of Key Board Meeting

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The board will discuss issuing private non-convertible debentures (NCDs) as part of their routine refinancing

• 21 September, 2023
• 1:44 PM
• less than a minute

Muthoot Finance Limited NCD: A comprehensive guide to essential details

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The company is raising Rs 100 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot. The NCD has received rating of [ICRA] AA-/Stable by ICRA.

• 20 September, 2023
• 2:02 PM
• less than a minute

HDFC Bank gets RBI approval to re-appoint Sashidhar Jagdishan as MD, CEO

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He began his career at the bank in 1996 as a Manager in the Finance department.

• 20 September, 2023
• 9:30 AM
• less than a minute

Durga Prasad Chalavadi, CMD, Sai Silks Kalamandir Ltd.

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Management of the IPO-bound company chats with Sheetal Agarwal of IIFL to streamline the company’s strengths, performance and road ahead.

• 19 September, 2023
• 8:43 AM
• less than a minute

AU Small Finance Bank Launches Swadesh Banking for Rural Outreach

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Swadesh Banking consolidates various segments including rural branches, banking outlets, banking correspondents, financial and digital inclusion units, and small and marginal farmer lending units

• 18 September, 2023
• 3:29 PM
• less than a minute

Hindustan Urvarak & Rasayan would receive an extra investment of Rs 904 crore from Indian Oil

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The Board of Indian Oil approved an additional investment of Rs 903.52 crore in Hindustan Urvarak and Rasayan Ltd at its meeting on September 15, 2023, according to a stock exchange filing.

• 18 September, 2023
• 12:39 PM
• less than a minute