News Overview

Desjardins members and clients will benefit from a seamless digital lending experience accessible across various devices, anytime and anywhere.

Mgmt expects Rs8-9bn of NOI increase just from this organic growth opportunity. Mgmt will consider ROFO offer for the Hyderabad asset (Commerzone Raidurg) soon. The sponsor also has a pipeline of ~15msf across Navi Mumbai, Pune and Hyderabad. Mgmt is also open to evaluate opportunities the outside sponsor pool, but remain wary of landowner expectations.

RATE’s M&A playbook has helped it build capabilities and scale revenues. Given its track record of turning around the acquired entities, analysts of IIFL Capital Services believe that the recently-completed QIP provides the optionality for another value-accretive acquisition — if done at reasonable valuations.

INFO remains analysts of IIFL Capital Services' only BUY rated largecap name. Their 12-month TP is pegged at 22x 2YF EPS, as they forecast 9%/13% USD cc revenue/EPS Cagr over FY24-26.

Producer inflation in food and other primary articles trended higher in February.

Over 2023, AA ecosystem has expanded significantly – financial institutions registered as FIPs (Financial Institution Providers) has grown >4x from 31 to 147; while FIUs have grown >2x from 142 to +380.

At the time of writing, on day 2, The retail portion of the offer was subscribed at 0.45 times, while Non-Institutional Investors (NIIs) subscribed 0.58 times. The QIB category is subscribed 0.33 times.

As part of the agreement, around 430 people from the company are scheduled to migrate to Eris.

Yes Bank has initiated operations with a restricted user group utilizing the @ptyes identifier.

In the issue, the company offered its shares in the price band of ₹280-295 per share with a lot size of 50 shares. Through the IPO, the company aimed to raise ₹601.55 Crore, which included a fresh issue of ₹250 Crore and an offer-for-sale (OFS) of up to 11,917,075 equity shares.