Equity Business

India equity clearing corporations need diverse ownership: Sebi official

In June, Sebi set up a committee to review the ownership structure of clearing corporations to ensure greater independence and resilience

Reliance Infra to receive Rs 1,100 cr equity infusion from promoters

Anil Ambani's flagship firm, Reliance Infrastructure Ltd is set to receive Rs 1,100 crore equity infusion from the promoters and another Rs 1,910 crore from two Mumbai-based investment firms, according to a filing by the company. The board of the company had on Thursday approved Rs 6,000 crore fund raise plan, of which Rs 3,014 crore was to be raised through preferential allotment of shares and Rs 3,000 crore share issue to institutional buyers. In the first phase, the company is launching Rs 3,014 crore preferential placement under which 12.56 crore equity shares or convertible warrants will be issued at an issue price of Rs 240 per share, according to the company's postal ballot seeking shareholder nod for share issue. Out of this, Rs 1,104 crore will be invested by promoters of Reliance Infrastructure through promoter company Risee Infinity Private Limited. Risee will subscribe to 4.60 crore shares. The two other investors participating in the preferential issue are Mumbai-based

Gensol Engineering raises Rs 900 cr equity capital via convertible warrants

Renewable energy solutions provider Gensol Engineering on Wednesday said it has raised Rs 900 crore through the issue of warrants convertible into equity shares on a preferential basis. The equity fundraise saw participation from international and domestic participants including FPIs such as Elara India Opportunity Fund, Aries Opportunities Fund, Tano Investment Opportunities Fund etc. "Gensol Engineering, a leading renewable energy and electric mobility pioneer, today raised a significant Rs 900 crore equity capital through warrants convertible into equity shares on a preferential basis," a company statement said. The fundraise is subject to shareholders' approval at the EGM of the company to be held on March 2, 2024 and statutory approvals in compliance with SEBI Regulations. "We continue to build on our successful financial performance through the latest fundraise. This capital infusion strengthens Gensol's financial position, facilitating new possibilities with funds being ...

India's equity MF inflows moderate in November; SIPs hit new high

The inflows dropped 22.15% month-on-month to Rs 15,536 crore in November from Rs 19,957 crore in October, the data showed

In the throes of Samvat 2079: A reward year for equity investors

In terms of relative global performance, India stood in the middle of the gap - outperforming emerging market peers but underperforming developed markets

Everstone offloads 25% stake in Restaurant Brands via block deals

The private equity firm will retain a 15.44 per cent stake in the company, which operates the Burger King brand of fast-food restaurants in the country

TCS, HZL, CIL boost India Inc's dividend payout to record Rs 2.3 trillion

RIL, ONGC, SBI among key firms that are yet to declare final dividend for FY23

Active or passive ELSS? Investment advisors divided over clear winner

Some see potential in the newly introduced passive option, other see promise in active ELSS

Amagi's valuation crosses $1.4 bn amid funding woes, raises $100 mn

The media technology provider has raised over $100 mn in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic

Axis Bank Q2 net profit rises 70% to Rs 5,329 crore; NII jumps 31%

Not looking to raise capital immediately for Citi deal: MD-CEO

Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close

Domestic brokerage Motilal Oswal has set a price target of Rs 210 for the stock

Risk-reward not favourable in near to mid term: Nomura India's Mukherjee

He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%

Life insurance business to face some pressure this fiscal: Report

The large private life insurers with a better brand equity and distribution network with innovative approach are better placed for business growth and increasing their market

European buyout giant EQT to buy Baring Private Equity Asia for $7.5 bn

It's the biggest takeover of a private-equity company by another firm from within the industry

SpiceJet plans to raise funds through equity; shares gain over 2%

No-frills carrier SpiceJet plans to raise funds through issuance of equity shares or debt instruments and the proposal will be discussed at its board meeting on Wednesday.

Foreigners turn net buyers of Asian equities in June after 4 months

Overseas investors purchased $4.4 billion worth of regional equities last month, data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed

Inappropriate to say that markets have bottomed; invest in a staggered way

At current levels, it is time to be overweight on equities

Focus on equity business helps Mirae, Motilal Oswal buck the trend

While it's mostly the larger fund houses that have benefited from the surge in equity flows, the focus on equity business and stellar performance of schemes have helped these two fund houses