ABSL AMC has committed 10% of sponsor capital to its recently launched ₹2,500 crore performing credit fund, with plans to announce a first closure by early 2024.
Ascertis Credit to launch fifth fund, eyes $1 billion raise (16-10-2024)
The firm’s upcoming Fund V is expected to target fundraising, with investments focused predominantly in India, alongside opportunities in Southeast Asia. Ascertis will raise capital from both international and domestic investors. It will deliver returns in the mid-teens from the fund.
Adani Power, Vedanta, JPL, four others in race for Sinnar Thermal Plant (16-10-2024)
Maharashtra state government-owned MAHAGENCO and public sector NTPC have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said.
Adani Green calls off $1.2-billion bond issue (16-10-2024)
The initial price guidance was for a fixed coupon rate of 7% for the 20-year bond. The bond proceeds were expected to help free up funds from an existing $3.4 billion revolving credit facility from banks that it could have in turn used to finance new projects, people familiar with the issue said.
Sebi green lights issues of Sagility, Senores Pharma (16-10-2024)
When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process.
FPIs raise holdings in 50 SMID Cap stocks (16-10-2024)
According to consensus price target estimates of analysts compiled by Refinitiv, the stock could give a return of 26% over the next year. FPI holding in Heritage Foods increased from 3.32% to 8.26% while Genus Power saw their stakes rise from 2.77% to 7.36%
Hot Stocks: 3 stocks that may give returns between 20-43% (16-10-2024)
Brokerages have initiated coverage on these stocks with buy ratings and project returns of 20% to 43%, as per their analysts’ price targets.
Holcim considers dual listing of $30 billion US business (16-10-2024)
US listings have become increasingly appealing to European companies because the country offers a broader investor base and bigger pool of capital, allowing for higher valuations. Construction company CRH Plc moved its primary listing from London to New York last year, and has seen its shares soar more than 60% since.
Hyundai Motor IPO’s off to a slow start (15-10-2024)
The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.13 times, while the retail investor portion saw a subscription of 0.26 times. The portion reserved for the company’s employees, offered at a discount of ₹186 per share, was subscribed 0.8 times (80%).
RIL’s O2C biz faces geopolitics bump, for retail it’s all in store (15-10-2024)
The retail segment was affected by a demand slack in the fashion and lifestyle (F&L) vertical and a sequential decline in total store area. The digital segment reported a sequential drop in subscriber numbers amid tariff hikes and higher average revenue per user (ARPU).