GRSE Share Price in Focus After Signing of MoU With PWD Nagaland

On March 20, 2025, the GRSE share price gained attention following the company’s announcement of a major business development. Garden Reach Shipbuilders & Engineers Ltd. (GRSE) revealed that it had reached a significant milestone by signing a groundbreaking Memorandum of Understanding (MoU) with PWD Nagaland for the supply of 8 sets of Double Lane Modular Steel Bridges in the state. The GRSE share price opened at ₹1,734.95 and touched the day high of ₹1,746.10 at 10:15 AM

Scope of MoU

This historic MoU marks the first-ever collaboration between GRSE and a North Eastern state, in line with the Government of India’s Make in India initiative aimed at fostering regional development. The MoU was signed on March 19, 2025, in Kohima by DIG Subrato Ghosh, ICG (Retd.), Director (Personnel) at GRSE, and Shri Swarai Meru, Chief Engineer, PWD Nagaland, in the presence of Shri Natarajan Partheepan, General Manager (Bailey Bridges) at GRSE.

Previous Supply of Modular Bridges

Previously, GRSE has supplied Modular Bridges to organisations such as the Border Roads Organisation (BRO), the National Highway Infrastructure Development Corporation Ltd (NHIDCL), as well as to various state governments and friendly nations including Bhutan, Nepal, Myanmar, Sri Lanka, and Bangladesh. To date, GRSE has delivered over 5,800 Modular Bridges.

GRSE Management on Earnings

Cmde Hari PR, IN (Retd) Chairman and Managing Director, Garden Reach Shipbuilders & Engineers Limited said, “The Q3 results have been very encouraging and we are confident of a good set of numbers even during Q4FY25. The order book is strong and the ongoing projects are progressing well. We also expect more orders in the coming months to bolster our order book position. And so, the future looks definitely bright for GRSE. “

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Upcoming IPO: Saatvik Green Energy Filed DRHP to Raise ₹1,150 Crore

The solar photovoltaic (PV) manufacturer, Saatvik Green Energy Limited has filed DRHP with the capital market regulator, the Securities and Exchange Board of India (SEBI) to float an IPO. Saatvik Green Energy IPO is a combination of a fresh issue and an offer for sale, whereby the company is seeking to raise ₹850 crore from the fresh issue portion while ₹300 crore from the offer for sale portion.

Saatvik Green Energy IPO will be listed on BSE and NSE after completing the IPO process. In addition, DAM Capital Advisors Limited, Ambit Private Limited and Motilal Oswal Investment Advisors Limited have been appointed as the book-running lead managers.

Use of IPO Proceeds

Fresh Issue

Particular Estimated Amount (₹ Crore)
Prepayment or scheduled re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company 11.58
Investment in its wholly owned Subsidiary, Saatvik Solar Industries Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or in part, of all or a portion of certain outstanding borrowings availed by such Subsidiary 123.66
Investment in its wholly owned Subsidiary, Saatvik Solar Industries Private Limited, for setting up of a 4 GW solar PV module manufacturing facility at National Highway – 16, Chamakhandi, Gopalpur Industrial Park, Gopalpur, Ganjam – 761 020, Odisha 476.40
General corporate purposes –

Offer For Sale

The proceeds from the Offer for Sale shall be received by the Selling Shareholders after deducting their proportion of Offer expenses and relevant taxes thereon. Satvik Green Energy Limited will not receive any proceeds from the Offer for Sale.

About Satvik Green Energy Limited

Incorporated in 2015, Satvik Green Energy Limited is one of the leading module manufacturers in India. As of February 28, 2025, the company recorded an operational solar photovoltaic (PV) module manufacturing capacity of about 3.80 GW modules. The company is one of the fastest-growing module manufacturing companies in India and has been established as a key player in India’s solar energy market.

The company offer a comprehensive portfolio of solar module products that are currently manufactured using technologies that help reduce energy loss and enhance overall efficiency

The company’s solar energy products include:

  • monocrystalline passive emitter and rear cell (“Mono PERC”) modules
  • N-TopCon solar modules

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

HAL Share Price in Focus Amid Cybercrime of ₹55 lakh

Hindustan Aeronautics Limited (HAL), a prominent manufacturer of defence and aerospace equipment, fell victim to an alleged cyber fraud when scammers, impersonating a US-based company, deceived it into making a payment of ₹55 lakh.

The fraud was uncovered when HAL realised that the payment had been sent to the wrong account, as reported by Mint.

According to the report, HAL’s Kanpur branch received an email from cybercriminals posing as the legitimate US company, PS Engineering Inc. The scammers subtly altered the email ID by removing one of the two “e” letters in “engineering,” which went unnoticed by officials.

The original email ID was gledbetter@ps-engineering.com, while the fraudulent one used by the scammers was jlane@ps-enginering.com. This fake email also contained counterfeit bank details, leading to the payment being sent to the fraudsters’ account instead of the actual company’s.

Background of Transaction

In May 2024, HAL reached out to PS Engineering Inc. to purchase aircraft parts. The scammers, likely monitoring the communication, later sent a fake email requesting $63,405 (approximately ₹55 lakh). Believing it was a legitimate request, HAL transferred the money.

The scam was revealed when PS Engineering contacted HAL to inform them they had not received any payment. Upon investigation, HAL discovered the fraudulent email ID.

Investigation Underway.

Ashok Kumar Singh, the additional general manager at HAL Kanpur, filed a complaint with the Cyber Police on March 13. Authorities are now looking into whether the fraud was orchestrated by another US-based company or an Indian entity.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

US Fed Reserve Interest Rate Unchanged: Anticipates Two Rate Cut Later in 2025

On March 19, 2025, the US Federal Reserve decided to keep its benchmark interest rate unchanged and indicated that it still anticipates two rate cuts later this year, although the outlook has become more uncertain.

Slower Economic Growth

The Fed has revised its expectations for slower economic growth this year and next, compared to its projections from three months ago, as revealed in its quarterly economic forecasts. The unemployment rate is now expected to rise to 4.4% by the end of the year. Inflation is also expected to tick up slightly, reaching 2.7% by year-end, up from the current 2.5%. Both figures remain above the Fed’s 2% target.

Fed Chairman Anticipates Rate Cut in Year

The Federal Open Market Committee (FOMC) voted to maintain interest rates within the range of 4.25% to 4.5% and to continue reducing the balance sheet. Jerome Powell noted that inflation has increased in part due to tariff responses, which may delay the planned rate cuts further into the year. However, the Fed’s forecast still indicates two quarter-point rate cuts in 2025.

The Fed acknowledged that “uncertainty around the economic outlook has increased,” in a statement issued after its two-day meeting.

These projections highlight the difficult position the Fed faces: higher inflation usually leads to maintaining or even raising interest rates, while slower growth and rising unemployment typically call for rate cuts to encourage borrowing and spending to boost the economy.

Alongside its decision, the Fed updated its rate and economic projections through 2027 and revised its approach to reducing bond holdings.

Surge in US Markets

Following the decision not to change the US Federal Reserve Interest Rate, the US markets saw a broad rally, rising over 1%. The Dow Jones surged by 384 points, the S&P 500 climbed 1.08%, and the NASDAQ rose 1.3%, driven by a strong performance in tech stocks.

Gold Prices Continue to Soar

Gold prices continued to reach new all-time highs after the Federal Reserve interest rate decision, citing moderately high inflation and signs of an economic slowdown. Investors heavily bought yellow metals, pushing gold to a record high of $3,050 per ounce, extending its gains from the previous close.

Conclusion

With the decision to keep interest rates unchanged by the US Federal Reserve, there was a surge seen in the US stock market and gold prices. However, Fed Chairman, Jerome Powell indicated that it still anticipates two rate cuts later this year.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Ather Energy IPO: A Comparison with Ola Electric, Hero, TVS, and Bajaj Auto

Ather Energy has recently re-filed its initial public offering (IPO) draft papers as mentioned in its various news reports. Through this IPO, Ather plans to raise ₹3,700-4,000 crore. This will be through a mix of primary and secondary share sales.

Use of IPO Proceeds

As mentioned in DRHP dated September 9, 2024, Aether plans to use funds from the fresh issue for the following:

  • Capital expenditure to be incurred by our Company for the establishment of an E2W factory in Maharashtra, India
  • Repayment/ pre-payment, in full or part, of certain borrowings availed by its company
  • Investment in research and development
  • Expenditure towards marketing initiatives; and 
  • General corporate purposes.

Aether Energy Vs Competitors

Aether Energy faces tough competition from major industry players like Ola Electric, Hero Electric, TVS Motor Company, and Bajaj Auto. The following table showcases the comparison between the much-awaited Aether Energy IPO and other competitors:

Aspect Ather Energy Ola Electric Hero Electric TVS Motor Company Bajaj Auto
Market Position Niche, strong presence with 12.2% market share Dominant, 42.4% market share Largest E2W player with 30-31% market share in 2021 Strong presence in ICE and EV segments Strong traditional player, EV penetration still low
Financial Performance IPO planned for ₹3,700-4,000 crore, still not profitable ₹5,009.8 Cr revenue in FY 2024, profitable Benefits from extensive dealership network and low-cost products Financial stability, diversified portfolio Financially resilient, self-sustaining revenue streams
Product Portfolio Premium, tech-driven scooters like 450X & 450 Plus Budget-friendly S1 & S1 Pro Lower-cost models ranging from ₹46,640 to ₹83,940 Diversified, with both ICE and EV offerings Focus on EV Chetak, gradual expansion in EV portfolio
Expansion & Growth Plans IPO proceeds for scaling manufacturing, R&D, charging infrastructure Vertical integration with in-house battery cell manufacturing Strong dealership network across 325 cities Focus on leveraging dealership network to scale EVs Gradual EV expansion, leveraging dealership network
Focus Areas High-end product differentiation, brand loyalty Aggressive pricing, economies of scale Cost-effective models, wide distribution network Focus on diversification, tech-driven EV offerings Gradual EV transition, brand legacy, and dealership network
Technology & Innovation Cloud connectivity, OTA updates, smart charging solutions In-house battery cell manufacturing for cost advantage Limited focus on tech innovation Leveraging network for EV expansion, moderate tech investment Focus on legacy brand, slow adoption of new tech in EVs

About Aether Energy Limited

Founded in Jan 2013 by Tarun Sanjay Mehta and Swapnil Babanlal Jain, Aether Energy is a pioneer in the Indian electric two-wheeler (E2W) market. The company is engaged in designing and developing E2Ws, battery packs, charging infrastructure, associated software and accessories.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Maiya Samman Yojana List: Who Is Eligible for Financial Assistance?

The Jharkhand Mukhyamantri Maiya Samman Yojana is a welfare program designed to provide financial support of ₹2,500 per month to economically disadvantaged women across the state. Launched to empower women and enhance their financial security, this initiative is available to women aged 18 to 50 who are part of families holding ration cards issued by the Jharkhand government.

Initially, the scheme offered ₹1,000 per month, but in December 2024, the amount was increased to ₹2,500 to further strengthen women’s economic stability. The last disbursement was made on January 7, 2025, while the payments for February and March are still pending and are expected to be processed soon.

Maiya Samman Yojana List of Benificaries

Women who complete the criteria listed below fall under the Maiya Samman Yojana List

  • Residents of Jharkhand
  • Age between 18 and 50 years
  • Aadhaar-linked individual (single) bank account
  • Women whose bank accounts are not Aadhaar-linked can still receive the benefits. However, linking the bank account with Aadhaar will become mandatory after this period.
  • Families holding a Jharkhand government-issued ration card:
    1. Green Ration Card
    2. Yellow Ration Card (Antyodaya Anna Yojana – AAY)
    3. Pink Ration Card (Priority Household Card – PHH)
    4. White Ration Card (Kerosene Oil Ration Card – K-Oil)

Who are Ineligible for the Maiya Samman Yojana List?

  • Families that pay income tax
    Note: “Family” includes husband, wife, minor children, and differently-abled children.
  • Applicants contributing to the Employees’ Provident Fund (EPF)
  • Applicants or their husbands employed in regular, contractual, or honorary positions in:
    1. Central/State Government
    2. Central/State Public Sector Undertakings (PSUs)
    3. Legal bodies, local and urban bodies, or government-aided educational institutions
  • Those receiving a pension or family pension post-retirement
  • Applicants or their husbands receiving pension/family pension post-retirement
  • Beneficiaries already receiving benefits from other social security pension schemes run by the Department of Women, Child Development, and Social Security, Government of Jharkhand
  • If any member of the applicant’s family is a current or former Member of Parliament (MP) or Member of the Legislative Assembly (MLA)

Conclusion

The Jharkhand Mukhyamantri Maiya Samman Yojana is a significant initiative aimed at enhancing the financial independence and well-being of economically disadvantaged women in the state. By providing direct financial support, it empowers women, particularly those from marginalized families, to improve their financial stability.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Varun Beverages Share Price Continued Gaining Momentum for 4 Straight Sessions

Varun Beverages’ share price is on investors’ radar as it has continued the gaining streak for the 4th straight day. On March 19, 2025, The shares of Varun Beverages opened at ₹535.40, reaching a day high of ₹546.50 at 11:40 AM on BSE. Within 4 trading sessions, Varun Beverages shares touched a high of ₹546.50 from a low of ₹480.85 on March 13, 2025.

Varun Beverages Finacial Performance

For the full year of CY2024, Varun Beverages reported a significant growth in revenue from operations, which increased by 24.7% year-on-year (YoY) to ₹2,00,076.5 million, compared to ₹1,60,425.8 million in CY2023. The company’s consolidated sales volume also saw a strong rise, growing by 23.2% to 1,124.4 million cases in CY2024, up from 912.9 million cases in CY2023.

The company’s EBITDA for CY2024 grew by 30.5%, reaching ₹47,110.7 million, compared to ₹36,094.9 million in the previous year. As a result, the EBITDA margin improved by 105 basis points (bps) to 23.5%, largely driven by better gross margins. However, this improvement was partially offset by the consolidation of the South African market and the fixed costs associated with new capital expenditures that have yet to be fully utilized.

Profit after tax (PAT) saw a 25.3% increase in CY2024, reaching ₹26,342.8 million, up from ₹21,018.1 million in CY2023. This growth was primarily driven by higher volume and improved margins. Additionally, the share of low-sugar and no-sugar products in the company’s consolidated sales volumes increased to approximately 53% in CY2024, up from around 42% in CY2023.

Varun Beverages Management on 2024 Performance

Commenting on the performance for Q4 & CY2024 Mr Ravi Jaipuria, Chairman, Varun Beverages Limited said, “We are pleased to conclude CY2024 on a strong note through adding geographical presence into new territories of South Africa along with distribution rights in Namibia, Botswana, Mozambique and Madagascar. We also started greenfield operations in a new country of Democratic Republic of Congo (DRC). The growth has been driven by organic volume growth and improved product mix. India volumes grew 11.4%, reflecting the strength of our distribution network and operational execution.”

He further added, “Consolidated volumes increased by 23.2%, largely led by new territories resulting in a consolidated revenues increase of 24.7%, EBITDA growth of 30.5%, and PAT growth of 25.3% for the year. We are progressing well in South Africa as we grew the sales volumes by 12.5% in the very first year of operations. We are consciously reducing our reliance on modern trade channels and enhancing our distribution network in general trade. As an enabler, we have placed more visi-coolers in the SA market in a single year than what was cumulatively placed to date by previous operators. We are working on plans for backward integration in the territory.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IIHL Acquires Reliance Capital for ₹9,650 Crore: Management Transfer to Take Place on March 19

IndusInd International Holdings Ltd (IIHL) has completed the transaction to acquire debt-ridden Reliance Capital (RCAP) by transferring the entire bid amount to lenders, IIHL chairman Ashok Hinduja said on Tuesday. The management transfer is likely to take place on Wednesday, March 19, 2025.

Statement by Ashok Hinduja on Acquisition

“The transaction from our side is over. As we are speaking, money is moving from one escrow to another,” Hinduja said. He further added that IIHL would complete the review of the entire RCAP business and take a call on the fund infusion required.

The journey for value creation would now begin, he said, adding that the value of the Reliance Capital business on a conservative basis would be ₹20,000 crore. With regard to subsidiaries, he said there are about 39-40 entities of Reliance Capital and the new management would divest many of them as they are mostly small shell entities with small businesses.

The financial services firm has 1.28 lakh employees and the new management would protect the interest of employees to the extent possible, he assured. With this acquisition, IIHL intends to expand its banking, financial services, and insurance (BFSI) portfolio.

Background of Transaction

In April 2023, IIHL emerged as the successful resolution applicant by winning the bid for Reliance Capital under the Corporate Insolvency Resolution Process (CIRP) with an offer of Rs 9,650 crore.

Earlier this year, IIHL secured all requisite regulatory approvals from the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (Irdai), and relevant stock and commodity exchanges. Reliance Capital was placed under RBI-appointed administration in November 2021 due to governance lapses and payment defaults associated with the Anil Dhirubhai Ambani Group. The central bank appointed Nageswara Rao Y as the administrator, who subsequently invited bids for the company’s takeover in February 2022.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Pradhan Mantri Awaas Yojana Gramin (PMAY-G): Guide to the Extended Scheme

The Pradhan Mantri Awaas Yojana Gramin (PMAY-G) has been a game-changer in addressing housing deprivation in rural India. The scheme, aimed at providing affordable housing for the rural poor, is driven by a thorough and transparent beneficiary identification process, based on the Socio-Economic Caste Census (SECC)-2011 data, exclusion criteria, and a detailed verification process.

Extension of PMAY-G for 5 More Years

In a significant move, the Union Cabinet has approved the extension of the PMAY-G scheme for another 5 years, spanning from FY 2024-25 to 2028-29. This extension will focus on providing support for the construction of an additional 2 crore rural houses, helping more families across India achieve the dream of a pucca home.

A major feature of the extension is the updating of the Awaas+ List using modified exclusion criteria. This ensures that only eligible beneficiaries receive the support, and the process remains transparent and efficient.

The Technology-Driven Awaas+ 2024 App

To ensure seamless implementation and enhance transparency, the government has introduced the Awaas+ 2024 app. This app is designed to revolutionize the beneficiary identification and housing construction process. Key features of the app include:

  • Assisted Survey: Surveyors, pre-registered with the app, can conduct assisted surveys, ensuring accurate data collection.
  • Housing Technology Selection: Beneficiaries can select appropriate housing technology suited to their region’s needs.
  • Face Authentication & Aadhaar-based e-KYC: The app integrates advanced features like AI-powered face authentication for beneficiary verification.
  • Geo-tagging and Time-stamped Data Capture: Photos of existing houses and proposed construction sites are geo-tagged and time-stamped, ensuring credibility.
  • Offline and Online Mode: The app operates in both offline and online modes, making it accessible in remote areas with limited internet connectivity.

The app also offers a Self-Survey facility for eligible households, allowing them to contribute directly to the process, making it more participatory.

Direct Financial Assistance with 100% Aadhaar-Based Payments

One of the key highlights of PMAY-G is its 100% Aadhaar-based payment system, which ensures that financial assistance reaches beneficiaries directly. This eliminates middlemen, minimizes delays, and ensures transparency in the disbursal process.

Financial Assistance and Support for Construction

The financial support provided under PMAY-G is generous, with the Union Cabinet approving the unit assistance of:

  • ₹1.20 lakh for beneficiaries in plain areas.
  • ₹1.30 lakh for beneficiaries in North Eastern and Hilly States (including Jammu & Kashmir and Ladakh).

For states in the North Eastern Region (NER) and Himalayan states (like Uttarakhand, Himachal Pradesh, and Jammu & Kashmir), the funding pattern is 90:10 (Centre: State). For other states, it is 60:40, and Union Territories without a legislature bear 100% of the cost.

In addition to the unit assistance, beneficiaries also receive:

  • 90/95 man-days of unskilled labour wages through mandatory convergence with the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
  • ₹12,000 for the construction of toilets, which is provided through the Swachh Bharat Mission – Gramin (SBM-G), MGNREGS, or other dedicated funding sources.

Conclusion

PMAY-G is a holistic scheme that not only focuses on providing rural families with a roof over their heads but also ensures that the process is transparent, efficient, and inclusive. With the extension of the scheme, the government’s commitment to improving rural housing in India has never been stronger.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

SEBI Withheld Approval For HDB Financial and Hero FinCorp IPO

The proposed initial public offerings (IPOs) of two major non-banking financial companies—HDB Financial Services and Hero FinCorp—are facing delays in receiving approvals from India’s capital market regulator.

As per news reports, the Securities and Exchange Board of India (SEBI) has withheld approval for these much-anticipated IPOs, as share sales by these companies may have inadvertently violated regulations concerning unlisted companies.

Hero FinCorp’s IPO application has been pending with SEBI for eight months, while HDB’s has been under review for four months.

While the precise nature of the alleged violation remains unclear, it is believed to be related to pre-IPO share sales by these companies, according to the news reports.

Legal experts suggested that share sales by existing shareholders, potentially broadening the investor base within a fiscal year, could also be a factor.

Hero FinCorp, an affiliate of Hero MotoCorp, has filed a draft red herring prospectus for its ₹3,668 crore IPO. HDB Financial has submitted its draft documents for a ₹12,500 crore offering.

According to the status of the draft offer documents on SEBI’s website, Hero FinCorp is awaiting comments from other regulators and government agencies. For HDB Financial, the latest communication was received or issued on February 14, 2025.

Currently, HDB has over 41,409 public shareholders. In 2024, it issued more than 1.7 million shares to employees through stock options. Shares of HDB Financial are currently trading at around ₹1,050 in the unlisted market. The Reserve Bank of India has set a September 2025 deadline for HDB Financial to list, as it is categorized as an “upper layer” NBFC under the Scale-Based Regulations for 2024-25.

As of August 2024, Hero FinCorp had 7,452 public shareholders holding a 20.42% stake in the company, with shares trading at ₹1,400-1,450 in the unlisted market.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.