Page 11 - Investors

Billionaire Peugeot family faces rare revolt by shareholders after losses

Peugeot Invest, controlled by the French clan and headed by eighth-generation scion Robert Peugeot, 74, is likely to face a group of disgruntled minority investors at an annual meeting on Friday

Indian stocks to scale new peaks, rising over 8% this year, shows poll

Despite growing concerns that India's equity markets are overvalued, local investors have so far ignored warnings and driven share prices to record highs

Class-action suits come to the rescue of investors in Indian mkts, finally

It's only now that the tool is finally being put to use. Two separate challenges are being heard by India's company law tribunal

Investors subscribe Piotex Industries' IPO 108 times on final day

The initial public offering of Piotex Industries closed with an overwhelming subscription of 108 times on Tuesday. The portion for non-institutional investors (NII) was subscribed 122 times, the quota for retail individual investors (RII) received 94 times subscription, bringing the overall subscription to 108 times until the final day of bidding on Tuesday. Shares of the Pune-headquartered company will be listed on the BSE's SME platform. The Rs 14.47 crore initial public offering (IPO) is entirely a fresh issue of 15.4 lakh equity shares with a face value of Rs 10 each. The company has fixed the price of the issue at Rs 94 per share. The company proposes to utilise the proceeds from the public offer to fund its working capital requirements, general corporate purposes and meet issue expenses. Founded in 2019 by Abhay Shriram Asalkar and Yogesh Omprakash Nimodiya, the company is a supplier of yarn, fabric and cotton bales and works on an asset-lite model. Piotex Industries recor

Sensex swings 1000 points; Jaishankar, Shah try to allay investor concerns

"Even if markets have corrected a bit on account of some rumours, I would suggest you buy as markets are going to shoot up after June 4," said Shah

No sign of slowing in demat account surge as markets attract new investors

Over three million accounts added for fifth straight month

Cerberus eyes private debt growth in India as shadow banks retreat

India is fast emerging as a big market for private credit activity, as global firms deploy billions, lured by the fastest-growing major economy

KKR to acquire Bengaluru-based medical device maker Healthium from Apax

The investment will be made through KKR's Asian Fund IV, according to Monday's statement, which didn't disclose financial details

Anthill Ventures seeks to raise $100 mn for private credit cross-fund

The $1.7 trillion global private credit market has become a serious rival to mainstream lending, attracting investors by offering higher rates of returns

Champions of investor trust: 10 stocks with institutional seal of approval

Business Standard examines the S&P BSE 200 group of stocks in which the two investor categories have shown the most confidence

Investors wait to see Red Sea crisis in shippers' Q1 revenue numbers

That compares to the pandemic peak of $13,559, at a time when shippers ordered new vessels in a move that later caused overcapacity, according to Stifel analyst Marc Zeck

Nepal finance ministry releases handbook for prospective Indian investors

Nepal Finance Minister Barsha Man Pun on Monday released a handbook for Indian investors keen on exploring more business opportunities in the Himalayan nation. Published by the Nepal India Chamber of Commerce and Industries (NICCI), the handbook released on the sidelines of the Nepal Investment Summit 2024 consists of insights into rules, regulations, taxation, investment climate, intellectual property rights, and investment procedures for prospective investors looking to engage with Nepal's market. According to the website of the Indian Embassy in Nepal, India is the largest source of investment into the Himalayan nation, accounting for more than 32 per cent of the total FDI stock of Nepal, which is worth nearly USD 520 million, as per NRB data until mid-2020. There are about 150 Indian ventures operating in Nepal engaged in manufacturing, services (banking, insurance, dry port, education and telecom), power sector and tourism industries. Indian companies and investments have playe

Small, midcap funds remain mutual fund investors' top choice in March

Smallcap funds added 360,000 folios in March, second-most among equity-scheme categories

Investors ask TotalEnergies to split CEO, board chair roles ahead of AGM

The proposal was put forward by 19 international investors holding roughly 20 million TotalEnergies shares, together with Swiss pension fund investor group Ethos Foundation

Investors betting on longer-duration debt funds need to be patient

Experts say while rate cuts remain on the table, their start is likely to be delayed

Foreign investors retreating from emerging markets in Asia, shows data

Overseas investors have sold nearly $2.2 billion worth of equities in the region's emerging markets in April, on a net basis, according to data compiled by Bloomberg that excludes China

Sebi to auction 22 properties of Rose Valley on May 20 to recover money

Markets regulator Sebi on Monday said it will auction 22 properties of Rose Valley Group of companies on May 20 at a reserve price totalling Rs 8.6 crore in a bid to recover money raised by the firm from the public through illicit schemes. The properties to go under the hammer include flats and office spaces located in West Bengal, the Securities and Exchange Board of India (Sebi) said in a notice. The e-auction will be conducted on May 20 between 11 am and 1 pm. The total reserve price of these properties is pegged at Rs 8.6 crore, it added. The markets regulator said it has engaged Quikr Realty to assist it in the sale of the properties. A committee would oversee sale of the assets and the money will be utilized for repaying the investors. The committee was formed following an order passed by Calcutta High Court in May 2015. Going by the notice, the bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabili

ShareChat raises $49 mn via convertible debentures from existing investors

Homegrown social media company ShareChat on Monday announced it has raised USD 49 million (about Rs 407 crore) by way of convertible debentures from existing investors Lightspeed, Temasek and Alkeon Capital, among others. The capital raise will help the company invest further in its ad targeting technology as well as in continuing the growth of consumer transactions business on ShareChat Live and Moj Live, according to a release. "ShareChat (Mohalla Tech Pvt Ltd)...today announced the closure of its USD 49 million funding round via convertible debentures led by existing investors Lightspeed, Temasek, Alkeon Capital, Moore Strategic Ventures and HarbourVest, amongst others," the release said. ShareChat app is already operationally profitable, and short video app Moj is expected to achieve operational profitability over the next few months, it said. As the company marches towards profitability, it announced an organisation-wide ESOP bonus programme that will double the ESOP ownershi

Equity euphoria boosts mutual fund investor additions by 70% in FY24

Unique investor tally surges to 44.5 million as 6.8 million new investors come onboard

Exotic corporate debt products like SDIs lure yield-hungry Indian savers

Investor appetite for bonds rated below AA has increased significantly and SDIs provide access to a pool of high-yield debt via a single investment, said Ajay Kejriwal, head of trading desk at Vivriti