PALCREDIT News Today

HDFC AMC Gains RBI Approval for Up to 9.5% Stake in Karur Vysya Bank and DCB Bank

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Karur Vysya Bank confirmed the RBI's approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital.

• 29 September, 2023
• 2:36 PM
• less than a minute

CJ Darcl Logistics Files IPO Papers to Raise Capital

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The company plans to utilize the proceeds from the fresh issue, amounting to Rs 240 crore, for debt repayment, with an additional Rs 10 crore allocated for the purchase of electric vehicles.

• 29 September, 2023
• 2:19 PM
• less than a minute

Private Equity-Backed Capital Small Finance Bank Files Draft Papers for IPO

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The IPO comprises a fresh issue of Rs 450 crore and an offer-for-sale of up to 24.12 lakh shares by existing shareholders and promoters.

• 29 September, 2023
• 2:04 PM
• less than a minute

Emami picks up 26% stake in Axiom Ayurveda in all-cash deal

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The acquisition of 26% of Axiom's paid-up share capital on a fully diluted basis

• 29 September, 2023
• 10:50 AM
• less than a minute

Sunteck Realty: Growing on prudent capital allocation

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Over last three years, SRIN has cumulatively generated gross operating cashflows of Rs9.3bn

• 28 September, 2023
• 10:56 AM
• less than a minute

Aditya Birla Fashion completes purchase of 51% stake in TCNS Clothing, becomes promoter

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A 51% stake in TCNS Clothing has been acquired by Aditya Birla Fashion Retail Ltd (ABFRL), making it a promoter of the women's clothing company.

• 27 September, 2023
• 2:36 PM
• less than a minute

Aditya Birla Capital injects Rs 750 crore into AB Finance to fund growth plans

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Aditya Birla Capital received shares on a rights basis on Tuesday, according to the business.

• 27 September, 2023
• 12:00 PM
• less than a minute

Fincare Small Finance and Western Carriers received SEBI approval to float IPO

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The net proceeds from the fresh issue will be channeled into enhancing Fincare Small Finance Bank's Tier-1 capital base to meet future capital requirements.

• 26 September, 2023
• 2:43 PM
• less than a minute

Zen Technologies Ltd. Bags order worth Rs 227.65 crores

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A full maintenance contract with a post-warranty cost of Rs 43.22 crore, including GST, is included in the contract.

• 26 September, 2023
• 12:41 PM
• less than a minute

Inox Wind: Hoping for a comeback, will it work?

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Analysts of IIFL Securities keenly monitor how INOX executes and rebuilds its order book, manages working capital, and pares down debt (Rs27bn) and remains an interesting play.

• 26 September, 2023
• 12:32 PM
• less than a minute