Shriram Finance Limited has established itself as a trusted and reliable financial institution, catering to the diverse needs of its customers across various sectors. One of the biggest non-banking finance companies (NBFC) in India for retail asset financing is Shriram Finance Limited, with assets under management (AUM) of Rs. 2,24,862 crores. Strong competencies in loan …
On August 20, 2024, IT services company Cyient announced that its board approved the sale of a 14.5% stake in its subsidiary, Cyient DLM Ltd, through a block deal. This sale is expected to be finalized on August 21, 2024, with the floor price likely set at Rs.748.65 per share, a 5% discount from Cyient …
Fusion Microfinance Ltd. saw its shares plunge by 20% on Wednesday, hitting a lower circuit after the company’s credit costs for the June quarter exceeded expectations, prompting a downgrade from a brokerage firm. This significant drop has pushed the stock below its IPO price of Rs 368 per share. The company made its debut on …
On August 07, 2024, Pidilite Industries Limited, a leading Indian manufacturer of adhesives, sealants, and construction chemicals, announced its financial results for the June 30, 2024 quarter. Overall, UVG was 9.6%. The B2B segment showed strong performance with 18% UVG, driven by both domestic and export markets, while the Consumer & Bazaar (C&B) segment had …
On August 7, 2024, Shoppers Stop, India’s top destination for fashion, beauty, and gifts, continues offering a fresh, enriching, and unmatched shopping experience. With 114 department stores nationwide and a strong online presence, Shoppers Stop redefines retail excellence by providing over 500 brands and 120,000+ styles. They offer various services, such as personal shoppers and …
In a strategic move to enhance its footprint in the wind energy services sector, Suzlon Energy Ltd. has announced the acquisition of a 76% stake in Renom Energy Services Pvt. The board of directors approved this significant acquisition on Tuesday, highlighting Suzlon’s commitment to expanding its operations and maintenance services in the renewable energy market. …
Indian Hotels Company Limited (IHCL), India’s largest hospitality chain, has announced the signing of a new hotel in Nadiad, Gujarat. This upcoming property, branded as an IHCL SeleQtions hotel, marks an expansion of the company’s footprint in the state. The new hotel will feature 108 keys and is located along the Golden Quadrilateral road on …
Welspun Living Ltd. has announced a major buyback of shares worth Rs.278 crore, scheduled to commence on August 9 and close on August 16. According to an exchange filing, the company plans to repurchase over 1.26 crore shares at a price of Rs.220 per equity share. This buyback represents 7.87% of the company’s paid-up equity …
In a strategic move to bolster its renewable energy portfolio, Tata Power Co. is set to acquire a 40% stake in Khorlochhu Hydro Power Ltd. (KHPL). This acquisition, valued at approximately Rs 830 crore, underscores Tata Power’s commitment to expanding its green energy initiatives. The acquisition process, outlined in a recent exchange filing on the …
On August 6, 2024, ASK Automotive Limited signed a Shareholders’ Agreement (SHA) and a Share Subscription Agreement (SSA) with Blupine Energy Private Limited and Solarcraft Power India 25 Private Limited. They also signed similar agreements with Blupine and Solarcraft Power India 26 Private Limited. Investment in Solarcraft Power India 25 Private Limited ASK Automotive Limited …
