Equity Capital

ECM activity has rebounded sharply over the last couple of months, with significant pickup in IPOs and block deals, says Davda

Focused on small and medium enterprises, Aye Finance has roped in four arrangers for its upcoming IPO

Ajith Kumar K.K. will be fifth chief executive of Dhanlaxmi Bank in 9 years

On a year-to-date basis, Citi has overseen ECM deals worth $4 billion, with a 14 per cent market share - ranking number one on the India ECM league table

India's equity capital markets have been running hot for the past year as its stocks climb to record highs and foreign investors pile in amid a rotation away from China

Adds two directors on board, rejigs top management

The current aggregate promoter and promoter group shareholding as on February 7 is 76.50 per cent of the total paid-up equity share capital of the company

This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital

Move to boost transparency, supervision; small cos exempted

SAMIR ARORA, founder and fund manager of Helios Capital, is on the cusp of launching a mutual fund (MF) business in India

Jai Balaji Industries Ltd, on Monday reported a steep jump in profit to Rs 201 crore for the September quarter. It had reported a profit of Rs 21 crore in the year-ago period. The company attributed the increase to improved sales and a substantial increase in realisations. The revenue from operations for the second quarter of the current fiscal stood at Rs 1,546 crore, indicating a growth of nearly 13 per cent compared to Rs 1,369 crore during the same period last year, the company said in a statement. Jai Balaji Chairman and Managing Director Aditya Jajodia attributed the increase in profits to better operational efficiency and increased sales, highlighting the company's continued commitment to deliver value to its stakeholders and investors. The equity capital of Jai Balaji Industries increased to Rs 160.45 crore during the quarter, the company said.

The plan comes soon after Rs 3,000 cr equity raise

"Initial public offerings have come back and you have seen a flurry of block deal activity given where markets are. Now we are starting to see institutional share sales as well," said Ashu Khullar

It expects to grow its asset book to Rs 5 trillion by March 2024 from about Rs 4 trillion in March 2023, said S Ramann

Small Industries Development Bank of India (Sidbi), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023, a top official has said. The central government owns 20.8 per cent in Sidbi, while State Bank of India holds 15.65 per cent and Life Insurance Corporation 13.33 per cent. The rest of the equity is held by other public financial institutions and banks. The shareholders will subscribe to the proposed rights issue. The lender's loan growth optimism comes from the demand for direct financing that is growing by leaps and bounds, which two years ago was only 7 per cent of its book but is now 14 per cent. Sivasubramanian Ramann, chairman and managing director, said the proposed rights issue will be carried out in two tranches of Rs 5,000 crore each next fiscal to expand its capital base by Rs 10,000 crore and support the ..

Markets activity will be robust but be careful around large events, says the head of Investment Banking and Institutional Equity at ICICI Securities

Public sector Indian Bank on Wednesday said the Committee of Directors accorded approval for raising equity capital of the bank aggregating to Rs 4,000 crore. The Chennai-headquartered bank said the capital raising would be done through Qualified Institutions Placement in one or more tranches subject to necessary approvals. "..we have to inform you that the Committee of Directors for capital raising in its meeting held on August 30 accorded approval for raising of equity capital of the bank aggregating up to Rs 4,000 crore (including premium), through Qualified Institutions Placement in one or more tranches subject to all statutory and regulatory approvals," Indian Bank said in a BSE filing. Indian Bank reported a 41 per cent rise in net profit at Rs 1,709 crore in the April-June 2023 quarter due to decline in bad loans. The bank had posted a net profit at Rs 1,213 crore in the year-ago period. Total income in the first quarter of the current financial year rose to Rs 14,759 crore

Board recommends dividend of Rs 8.60 per equity share, clears plan to raise equity capital

Real estate sector has received an equity capital of USD 32 billion during the last five years and is expected to attract USD 12-13 billion during 2023-24 with office assets likely to garner maximum fund, according to CBRE. Real estate consultant CBRE has estimated that equity flows in real estate sector will remain steady with expected investment at around USD 12-13 billion over the next two years with an average USD 6-7 billion flow per year. Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, investment banks, corporate groups, and REITs, etc. CBRE expects that office assets would continue to garner a majority share of total institutional inflows, followed by Industrial & Logistics (I&L) and sites/land parcels. In addition, alternative investments, particularly in data centres, may take off. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, ..

In a Q&A, Baldev Prakash dwells on the lender's plan to bring down NPAs and raise Rs 500 cr in equity by the end of FY23