Page 3 - Equity

Cushioning the blow: Low on equities, hybrids withstand market turmoil

BAFs decline 2.7% on average compared to a 5.4% fall in Nifty 50

Moneyboxx Finance raises Rs 176 cr via allotment of equity shares, warrants

Moneyboxx Finance, a NBFC providing business loans to micro entrepreneurs, on Friday said it raised Rs 176 crore to support growth plans. In a filing to BSE, the company announced the allotment of equity shares and warrants convertible to equity amounting to Rs 176 crore. The capital raise includes Rs 63 crore via preferential equity issue and Rs 113 crore via equity warrants from both promoters and non-promoters. "The company has received Rs 91 crore, which includes Rs 63 crore from preferential equity issue and Rs 28 crore from warrants, and the balance Rs 85 crore pursuant to warrants is receivable within 18 months," Moneyboxx Finance said. The net worth of the company stood at Rs 174 crore as on June 30, 2024, which has increased by over 50 per cent by August 31, 2024 and will double with the total equity raise of Rs 176 crore, it said. Over two-thirds of the fund raise has come from promoters and existing shareholders, demonstrating their confidence in the business model and

EQT to buy GeBBS Healthcare Solutions to expand in healthcare tech

The acquisition from ChrysCapital is aimed at accelerating GeBBS' growth as demand for RCM services increases amid complex US healthcare operations

Mutual fund body Amfi calls for roll back of equity tax, STT hike

Says higher tax will disrupt financialisation of savings

Budget 2024 brings relief for gold ETFs, equity FoFs, international schemes

According to MF officials, these offerings had unintentionally got classified as debt funds last year, and this budget makes a course correction

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

Stay invested even after lock-in ends to gain from compounding

Domestic private equity funds share in total up 2.5 times in 4 years

Even average deal sizes of key domestic PE players like Kedara and CrysCapital doubled to $100 million in 2023 from $50 million in 2019

Working on AI to provide quality research: Share.Market CEO Ujjwal Jain

We have touched approximately Rs 19k cr every month of fresh money coming into the mutual fund industry, Jain said

LS polls: India equity options pricing in a no-surprises election verdict

At this time in 2019, the implied volatility was 28 per cent-30 per cent, suggesting an investor had to pay much more to protect against an unexpected outcome -- a BJP loss -- that year

IIFL Finance board approves rights issue to raise Rs 1,271.83 crore

The issue price for the rights offer is Rs 300 per share, which is at a 29% discount to closing price of Rs 421.7 per share on Tuesday

Reit industry pitch for direct bank lending, classification as equity

Indian Real Estate Investment Trust (REIT) industry on Wednesday pitched for the entities to get access to direct bank lending and classification as equities. At present, such vehicles can issue bonds or borrow from non-bank lenders or mutual funds, but are prohibited to borrow from banks, said the Indian REITs Association (IRA), a newly formed umbrella body for the five-year-old sector, which comprises four listed entities. The body's Chairman and Embassy REIT's Chief Executive Arvind Maiya told reporters it is in touch with the RBI (Reserve Bank of India) for allowing banks to lend to such vehicles. The real estate industry is asset-heavy and needs funds regularly to buy assets for which it should be allowed to borrow directly from banks, he added. Typically, banks have access to deposits which brings down the cost of funds, and hence, the cost of borrowing can become softer for a borrowing entity. Alok Aggarwal, the Managing Director and Chief Executive of Brookfield India Real

IFCI board okays to raise Rs 500 cr from govt via issuance of equity shares

State-owned IFCI on Tuesday said its board has approved a proposal for raising up to Rs 500 crore capital through the issuance of equity shares to the government. "12,39,77,188 number of Equity Shares will be issued for an amount aggregating up to Rs 500 crore," IFCI said in a regulatory filing. These shares would be issued subject to the approval of Shareholders at the Extraordinary General Meeting to be held on April 18, 2024, it said. Following the capital infusion, the government holding in the oldest financial institution would increase. Currently, the Government of India holds 70.32 per cent stake in IFCI. The government had infused Rs 100 crore in 2022 in long-term infrastructure financier IFCI Ltd. The Industrial Finance Corporation of India was set up by the government on July 1, 1948 as the first Development Financial Institution in the country. IFCI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled i

Voda Idea plans to raise about Rs 45,000 crore through equity, debt

Vodafone Idea board on Tuesday approved a fund-raise of up to Rs 20,000 crore through a combination of equity and equity-linked instruments, the crisis-ridden telco said, adding promoters will also participate in the proposed equity raise. Overall, Vodafone Idea plans to raise around Rs 45,000 crore through a mix of equity and debt, the company said. The company has been fighting a desperate battle for survival -- it has a debt of Rs 2.1 lakh crore and is reporting quarterly losses, amid massive subscriber churn. On Tuesday, the troubled telco said its Board of Directors have approved fund-raise of up to Rs 20,000 crores via a combination of equity and / or equity-linked instruments. The Board has also authorised the management to appoint bankers and counsels to execute the fund raise. The company will call for a meeting of its shareholders on April 2, 2024, and post-shareholders' approval it expects to complete the equity fund raise in the coming quarter. The promoters will also

Vivifi India Finance raises $75 mn series B funding from US investor

The company had raised $6 million in its Series A round previously in the financial year 2021

Investment bankers' fee income grows 28% at record $1.3 billion in 2023

Investment bankers laughed all the way to the bank as their fee income touched a new record of USD 1.3 billion in 2023, growing 28 per cent over the previous year. At USD 1.3 billion in estimated fees during 2023, investment bankers collected 28 per cent more than they did last year, and this is the highest since records began in 2000, according to the data collated by LSEG Deals Intelligence, formerly Refinitiv. The fee income of investment bankers got a boost due to higher equity and debt issuance volumes which offset the massive plunge in deal activities. State Bank of India took the top position in investment banking fees chart with a collection of USD 102.7 million, which is 7.7 per cent of the country's overall investment banking fee pool, according to the agency. The fee income chart was led by M&As (mergers and acquisitions) contributing USD 416.1 million, which was 7 per cent down year-on-year. The deal street saw a massive 51 per cent fall in value over 2022, the agency .

Adani raises $15 bn in equity, debt in comeback plan post Hindenburg rout

Billionaire Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani. Star investor GQG Partners bought stakes worth almost USD 4.3 billion in five group companies between March and August while Qatar Investment Authority (QIA) and French energy giant TotalEnergies poured in USD 770 million in renewable energy firm Adani Green Energy Ltd, according

PNB board clears equity raise upto Rs 7,500 cr in FY25 to aid biz growth

Options open for institutional placement, follow-on issue

Outward FDI halves Y-o-Y to $1.55 billion in November, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components - equity, loans, and guarantees

A tango: Indian equity market valuation rises as US bond yields ease

Earlier, earnings yields in the Indian equities have risen in line with the rise in bond yields in the US

5-day market slide: Bond yields, West Asia turmoil dampen capital flow

Elevated bond yields, West Asia turmoil continue to weigh on capital flows