Financial Sector

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

L&T Finance had a 33% YoY increase in quarterly retail disbursements to ₹14,839 Crore in Q1 FY25, up from ₹11,193 Crore the previous year.

Earlier this year, the business launched a loan against mutual funds as well as auto and two-wheeler digital insurance.

Paytm's share price dropped further in May, when the Reserve Bank of India (RBI) prohibited its partner firm.

The license, which is still being reviewed by the finance ministry, will remove the biggest impediment to the entity.

As of June 30, 2024, Mahindra & Mahindra Financial Services had a healthy liquidity position with a balance sheet totaling over ₹8,000 Crore.

Manappuram Finance's shares have increased by more than 74% since its 52-week low of ₹122.7 on July 14, 2023.

According to reports, the base size of the QIP suggests an 8.5% dilution of the company's ownership, while exercising the upside option would boost the dilution to around 10.65%.

At the end of the March quarter, Asia Asia Opportunities V held a 9.88% stake in the company, while General Atlantic Singapore Fund held 9.22%.

BNP Paribas Financial SNC will partner with Bain Capital on this transaction. According to sources, the deal is valued at ₹1,500 Crore as a base price.