The State Bank of India (SBI), the country’s largest public sector bank, is set to raise up to $3 billion through debt instruments in FY25. This move aims to strengthen its capital base and support its lending operations amid growing credit demand. Fundraising Details SBI’s board has approved the plan to raise funds through a …
The Indian equity markets have trimmed their gains and are trading with modest increases. The Nifty50 and Sensex have added 0.20% and 0.27%, respectively. Despite trimming gains from the day’s high, the NSE benchmark Nifty50 is trading above the 23,300 mark. A majority of the sectoral indices are trading in the green, led by Nifty …
The quick commerce company, Blinkit, is scheduled to receive fresh capital worth Rs. 300 Cr. This infusion is made by its parent company, Zomato, as the competition in the retail grocery segment intensifies. The latest apportionment marks Zomato’s total investment in Blinkit to a total of Rs. 2300 Crore. This highlights the growth in importance …
Cintra, a prominent foreign institutional investor, is set to sell approximately 5% of its stake in IRB Infrastructure Developers through a block deal. This transaction is expected to have significant implications for the market, given the size and value of the deal. Deal Details Shares on Sale: Around 1.75 crore shares of IRB Infrastructure are …
Transformers and Rectifiers (India) Ltd., a prominent player in the electrical engineering sector, has initiated a Qualified Institutional Placement (QIP) to raise Rs.500 crore. This strategic move to raise funds aims to strengthen the company’s financial position and support its growth objectives. Details of the QIP The QIP, valued at Rs.500 crore, is intended to …
Tata Motors is a global automobile manufacturer offering a wide range of commercial, passenger, and EVs. Tata Motors Limited (TML) is one of India’s biggest automobile manufacturing companies with an extensive range of integrated, smart, and e-mobility solutions in its portfolio. The company has a market capitalization of more than 3.6 lakh crores. Tata Motors …
InterGlobe Enterprises, one of the promoters of IndiGo, is planning to sell 2% of its stake in IndiGo via a block deal. The value of the stake sale is anticipated to be around 394 million dollars, where the promotor plans to offload 77 lakh shares. These shares are marked at Rs. 4,266 apiece, at a …
Share India’s Legacy in the Capital Market The Share India group has been a prominent player in the capital market for over 30 years. With a vast network of 293 branches and franchises as of March 31, 2024, they have established a strong pan-India presence. Their primary activities include strategy-based proprietary trading and high-frequency trading. …
Jio Financial Services (JFSL), the financial arm of Reliance Industries, has launched its new app, Jio Finance. This app is designed to compete with leading fintech platforms like Paytm and PhonePe. Currently in its beta stage, Jio Finance aims to refine its features based on user feedback. This strategic move marks JFSL’s significant entry into …
State-owned Bank of India, on Monday, announced its acquisition of a 6.125% stake in CCIL IFSC, present in the GIFT SEZ. The announcement was made on the bank’s first-year anniversary of its IFSC Banking Unit in GIFT City. BOI’s Executive Director of International Operations, Subrat Kumar, on that occasion announced its plan to develop and …
