Bajaj Finance has said that its voice bots will disburse Rs 5,300 crore of loans in FY26 – its first full year of operations. This channel will be completely taken over by AI agents as part of its 2026-30 long-range strategy which has AI as the backbone of its growth plans that links targets directly … Read more
International Holding Company (IHC), a leading Abu-Dhabi based global investment company is investing Rs 8,850 cr ($1 Bn) into Sammaan. Transaction comprises of 33 cr equity shares at Rs 139/ share (18% discount to previous day’s price) aggregating to Rs 4,587 crore; and 30.7 cr warrants, convertible into equity shares, for Rs 4,263 crore. Above … Read more
Amid intense speculation over Tata Sons‘ perceived non-compliance with the RBI‘s mandate to list, Governor Sanjay Malhotra on Wednesday said an entity can continue to do business till its registration is not cancelled. The central bank had asked a set of entities, including Tata Sons, the holding company of the salt-to-software conglomerate, to list by … Read more
There are widespread rumors in media that Mitsubishi UFG Financial Group (MUFG) is looking to acquire 20% stake in Shriram Finance (SFL) for $2.6bn. As per the speculations – Stake would be acquired through fresh issue MUFG would be open to gradually increase stake and hence also possibility of open offer at some stage The … Read more
Bain Capital is investing Rs 4,385 cr to acquire an 18.0% stake in Manappuram Finance (MFL). Stake is being acquired through the preferential allotment 50% is upfront equity infusion 50% is through warrants Investment is @ Rs 236 per share/ warrant; 9% premium to the last closing price. The stock has increased by 37% in … Read more
CARE has got feedback from Gensol’s lenders that there have been delays in the servicing of term loan obligation and hence the downgrade from BB+ to D. Company had an outstanding debt of Rs 1,150 cr as at December 31, 2024. It had negative operating cash flows during FY 24. During the current year, the … Read more
The erstwhile promoter Sameer Gehlaut is already out of the Company since June 2023. The Company’s ownership was significantly (about 33%) controlled by institutions as at December 31, 2024. To further the revival/ growth of the business, Company has now concluded a QIP raise of Rs 1,300 cr. QIP has been done at a price … Read more
Decision to split the shares was taken on December 23, 2024. Previous Rs 10 share will now be split into 5 shares of Rs 2 each The split will be effective from January 10, 2025 Stock splits as such don’t add any fundamental value to the business or it’s prospects. The greater number of shares … Read more