Posts in category Business Standard
Repro India consolidated net profit rises 31.60% in the December 2023 quarter (02-02-2024)
Sales rise 10.30% to Rs 115.91 crore
Rategain Travel Technologies consolidated net profit rises 205.52% in the December 2023 quarter (02-02-2024)
Sales rise 82.24% to Rs 252.02 crore
Kaveri Seed Company consolidated net profit declines 69.07% in the December 2023 quarter (02-02-2024)
Sales decline 0.95% to Rs 142.63 crore
NIIT consolidated net profit rises 0.56% in the December 2023 quarter (02-02-2024)
Sales decline 8.60% to Rs 85.18 crore
Mahasagar Travels standalone net profit declines 5.71% in the December 2023 quarter (02-02-2024)
Sales decline 17.86% to Rs 11.50 crore
Vardhman Special Steels standalone net profit declines 23.39% in the December 2023 quarter (02-02-2024)
Sales decline 0.81% to Rs 397.40 crore
Whirlpool of India consolidated net profit rises 13.37% in the December 2023 quarter (02-02-2024)
Sales rise 17.90% to Rs 1535.65 crore
Himatsingka Seide consolidated net profit rises 1316.36% in the December 2023 quarter (02-02-2024)
Sales decline 1.83% to Rs 723.31 crore
Dhanuka Agritech consolidated net profit declines 1.52% in the December 2023 quarter (02-02-2024)
Sales rise 2.51% to Rs 403.24 crore
Blackstone-backed Aadhar Housing files Rs 5,000 cr IPO papers with Sebi (02-02-2024)
Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, has filed preliminary papers with capital markets regulator Sebi to raise Rs 5,000 crore through an Initial Public Offering (IPO).
The IPO is a combination of a fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 4,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.
Currently, BCP Topco holds a 98.72 per cent stake in Aadhar Housing Finance.
The company proposes to utilise the proceeds from the fresh issue to the tune of Rs 750 crore for meeting future capital requirements towards onward lending and a portion will also be used for general corporate purposes.
Aadhar Housing Finance offers a range of mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property ..