Financial Sector

The transaction will be made using Security Receipts (SRs). The ARC will subscribe to 91.50% of the Security Receipts.

Joglekar's experience includes working at Strategic Capital Corporation Private Limited, which broadened his financial knowledge significantly.

The company stated that funds will be raised through private placement in one or more tranches over a set time period.

According to the statement, the agreement is to provide long-term financial assistance to YEIDA's various initiatives.

According to Bombay Stock Exchange data, General Atlantic held a 5.13% ownership in the company as of June 30, 2024.

H2O2 will be added to our chemical product portfolio and is produced downstream from Hydrogen at the Chemicals Complex.

This initiative intends to address the growing need for digital transactions and changing market expectations.

Gross NPA for the quarter increased to 2.42% from 2.71% the previous quarter, while net NPA fell to 0.33% from 0.36% in March.

As of June 30, 2024, distribution assets under management (AUM) increased by 42% year on year to ₹26,171 Crore.

Mahindra Finance's balance sheet is robust, with a capital adequacy ratio of 18.5% for the period under review.