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Max India to buy back shares of up to Rs 92 cr under capital reduction prog
The company said it 'intends to utilize up to Rs 92 crore from this corpus for the capital reduction process, while the balance of Rs 300+ crore will be apportioned for growth and other operational expenses'.
FMCG companies lead in capital efficiency
The study was done in the context of a rapidly changing post-Covid world where capital efficiency h...
PE ratio is not everything, look at leadership and scope of growth: Girik Capital
Most of the people miss the biggest winners, including some...
This bulb & fans maker aims to power a different growth story
Agricultural pumps, the other key segment the company deals in, has shown mixed performance thus far, but the company expects to double revenues from that segment in three years.
Ten midcap picks for growth
Most midcap stocks have rallied in the last few months, pulling up from the lows of March 2020 and lacklustre performance in the preceding two-and-a-half years. However, the broader market is still trading at a substantial discount to the benchmark Nifty and offers some interesting investment opportunities.
Wall Street Weekahead: Value bulls bang drum for cheap stock resurgence on Fed, vaccine hopes
The Russell 1000 Value index trades at almost 18 times earnings, up from 14 a year ago, and is up some 45 per cent since late March.
Granules India surges 10% as three PE firms look to pick controlling stake
A media report said that Blackstone, KKR and Bain Capital have submitted non-binding bids for the proposed transaction and investment bank Kotak Mahindra Capital has been engaged by the promoters of Granules India to look for buyers.
VA Tech Wabag raises Rs 120 crore from Jhunjhunwala and two others
All transactions happened at Rs 160 per share, at a discount of 42 per cent from the current market price. The stock added 5.21 per cent on Tuesday at Rs 227.30.
Creador buys out Tata Capital in Shriji Polymers
Creador has acquired about 13% stake held by Tata Capital and another 4% stake held by promoters.
Look who’s smiling in times of Covid: Deal Street hits a yearly record in 9 months
Financial institution groups (FIGs) have been the most prolific issuers of capital in India, accounting for approximately 40 per cent of the total equity capital raised so far.
HDFC Bank may raise capital to build buffer
About half a dozen investment banks have spoken with the lender about a fundraising plan. The bank is believed to have shown interest and preliminary discussions have taken place.
SFBs' growth to more than halve to 10-15% in FY21: Icra
ICRA has projected an equity requirement of Rs 5,000-6,000 crore for these banks if they like to achieve a CAGR of 15-20 per cent till FY2023 and to absorb expected losses and maintain gearing levels at 7-8 times.
Brokerage industry to see 12% revenue growth in FY21 on retail investors' play in markets: Report
The agency said its pool of 11 entities grew their revenue by 3 per cent in FY20, but the revenue growth has been 16 per cent per annum on a compounded basis since FY16, and added that its outlook on the industry is "cautiously stable".
Indian companies raise record $31 billion equity capital in shrinking economy
The rush of deals though has not been extended to initial public offerings (IPOs), which have fallen to a five-year low to be worth just $1.5 billion, in the eight months year to date, the data showed.
Agri-tech startup Aibono raises Rs 15 crore for business growth
Aibono leverages data science driven demand-supply synchronisation, farm analytics and "just in time" engines to prevent food wastage, improve agricultural efficiency as well as stabilise livelihoods of farmers specialising in perishable vegetables.