Revaluation

RP Sanjiv Goenka group's retail chain, Spencer's Retail Ltd has signalled its intention to explore fundraising opportunities after achieving breakeven, aiming to enhance valuations and reduce debt, a company official said. The company has already taken board approval for future fundraising and will explore various options at the opportune time, he said. The promoters had in the past indicated that the management was open to induct new investors. "We are looking at a breakeven scenario before we really get into the bandwagon. And in the last 2-3 quarters, specifically, the focus from our board has been to achieve a breakeven, which is led by efficiency and productivity. And now, having demonstrated improved metrics in third quarter, which is a target range of 19.5 per cent gross margin with 13.5 per cent opex, resulting in store EBITDA of 6 per cent, which gives us a breakeven scenario now," the official said. "For us now, we believe that we'll be able to demonstrate this number, an

Lendingkart on Friday said existing investor Singapore-based Temasek has committed to investing up to Rs 252 crore in the fintech to take a controlling stake. Earlier, Temasek arm Fullerton Financial Holdings (FFH) had 38.16 per cent stake in the company but the investment amount is not known. A company statement announcing the fundraise was, however, silent on the reports of a huge decline in valuation in the latest round of funding. FFH is committing up to Rs 252 crore more and will have a controlling stake, subject to regulatory nods, the statement said. The capital infusion from FFH will enable the company deepen its reach in underserved markets and enhance technology. The company's founder and managing director, Harshvardhan Lunia said the fresh investment is a "vote of confidence" in Lendingkart's ability to transform the MSMEs' (micro, small and medium enterprises) lending landscape and vowed to replicate the investor's past successes in India. FFH's chief executive Hong P

Although the rise in cash levels is partly due to inflows and the launch of new funds, caution is also a factor

The company is focusing on rebuilding its core business and will double down on recent attempts to jump on to the next big bandwagon in education

In November 2023, Netherlands-based tech investor Prosus NV marked down Byju's valuation to under $3 billion

Osmania University Revaluation Results 2019: The candidates who applied for revaluation of the OU examination can check revaluation results on osmania.ac.in

'Revaluation To Build A Unified Tata Brand'