DCCDL’s annual rent income is over Rs 2,500 crore. It means the rent yield (rent income divided by EV) for potential investors will be 6%.
Besides, the financial position of state electricity boards, which curb their production due to inability to pay, will improve gradually due to UDAY.
IPO watch: Analysts see short-term pain for Equitas Holdings due to transition from NBFC to banking business
Equitas started as a micro-financing company in 2007 and gradually diversified into home and used CV financing and small enterprise lending business.
Analysts expect the deal to fetch around $1.5 billion or Rs 10,000 crore with UK debt of around Rs 27,500 crore remaining with Tata Steel.
ITC’s strategy to protect sales volume by passing the recent excise duty hike on to consumers in a staggered manner may go down well with investors.
The 4% increase in allocation to the rural development ministry is also more than the increase in the previous two Budgets.
NMDC’s stock has lost 27% in the past one year due to weak earnings in the first nine months of FY16. Net profit fell 28% due to lower volume and pricing pressure.
This is the second order it has received from ONGC in the current fiscal. It had received a Rs 270 crore order from ONGC in September last year.
Unlike several other ecommerce startups, which have chosen private equity route for funding, Ahmedabad-based Infibeam has preferred to raise Rs 450 crore.
After Patanjali, existing FMCG players may face challenge from Sri Sri Ravi Shankar’s Sri Sri Ayurveda
Established in 2003, SSA has products across categories such as breakfast cereals, health drinks, oil, spices, personal care, oral care, cookies and ready-to-cook items.
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