AUTHUM INVESTMENT TO INVEST βΉ101.63 CR IN SUBSIDIARY ISARC VIA RIGHTS ISSUE
π¦ Authum has agreed to subscribe to 40.65 Cr equity shares of its subsidiary India SME Asset Reconstruction Company (ISARC).
π΅ Shares offered at βΉ10 each, with 25% payable upfront (βΉ2.50/share) β initial investment of approximately βΉ101.63 Cr.
π Authum currently holds 88.37% stake in ISARC.
π― Capital infusion will help ISARC meet its capital requirements for general business operations.
π€ Transaction is a related-party transaction and is being undertaken at armβs length.
π’ Impact: Positive β strengthens capital base of the ARC subsidiary and supports business operations.
π¦ Authum has agreed to subscribe to 40.65 Cr equity shares of its subsidiary India SME Asset Reconstruction Company (ISARC).
π΅ Shares offered at βΉ10 each, with 25% payable upfront (βΉ2.50/share) β initial investment of approximately βΉ101.63 Cr.
π Authum currently holds 88.37% stake in ISARC.
π― Capital infusion will help ISARC meet its capital requirements for general business operations.
π€ Transaction is a related-party transaction and is being undertaken at armβs length.
π’ Impact: Positive β strengthens capital base of the ARC subsidiary and supports business operations.
CG POWER REPORTS SUSPECTED CYBER INCIDENT
π» Suspected cyber event detected on the companyβs IT systems.
β Core systems and business operations remain unaffected.
π‘οΈ External and internal cybersecurity experts engaged for investigation, remediation and mitigation.
π’ Company has notified CERT-In about the incident.
π‘ Impact: Neutral to Slightly Negative β no operational disruption reported so far.
π» Suspected cyber event detected on the companyβs IT systems.
β Core systems and business operations remain unaffected.
π‘οΈ External and internal cybersecurity experts engaged for investigation, remediation and mitigation.
π’ Company has notified CERT-In about the incident.
π‘ Impact: Neutral to Slightly Negative β no operational disruption reported so far.
ASTER DM : Centella Mauritius Holdings (TPG) Likely To Sell 7.2% Equity Via Block Deal - CNBC-TV18
Floor Price For The Deal Is Set At 766.1/Sh, May Offer Discount Of Up To 6.3% ΀ο CMP
Sellers' Residual Holding Subject ΀ο A 60-day Lock-in
Alert - TPG Held 9.9% Stake At The End Of Q1
Floor Price For The Deal Is Set At 766.1/Sh, May Offer Discount Of Up To 6.3% ΀ο CMP
Sellers' Residual Holding Subject ΀ο A 60-day Lock-in
Alert - TPG Held 9.9% Stake At The End Of Q1
EMS LIMITED: EMERGES HIGHEST BIDDER FOR 2 NHAI ORDERS WORTH βΉ42.12 CR
π Company received H-1 bidder status for 2 NHAI user-fee collection contracts.
π° Combined order value is approximately βΉ42.12 Cr, excluding TCS.
π Projects cover Rangamatia Fee Plaza in Assam and Bartana Fee Plaza in Haryana.
β³ Both contracts have an execution period of 1 year.
π’ Impact: Positive β new NHAI orders strengthen the company's order book.
π Company received H-1 bidder status for 2 NHAI user-fee collection contracts.
π° Combined order value is approximately βΉ42.12 Cr, excluding TCS.
π Projects cover Rangamatia Fee Plaza in Assam and Bartana Fee Plaza in Haryana.
β³ Both contracts have an execution period of 1 year.
π’ Impact: Positive β new NHAI orders strengthen the company's order book.
PC JEWELLER REPAYS DEBT OF 8 OUT OF 14 CONSORTIUM BANKS π°
π¦ PC Jeweller has fully cleared outstanding debt of 8 out of 14 consortium banks, with repayments completed ahead of schedule.
π Company has also discharged over 96% of outstanding debt relating to the remaining 6 banks.
π³ Less than 4% of outstanding debt remains to be repaid.
π― Company remains on track to become debt-free during the current quarter.
πͺ Debt reduction is expected to materially strengthen the balance sheet and financial position.
π’ Impact: Positive β near-complete debt repayment significantly improves financial leverage.
π¦ PC Jeweller has fully cleared outstanding debt of 8 out of 14 consortium banks, with repayments completed ahead of schedule.
π Company has also discharged over 96% of outstanding debt relating to the remaining 6 banks.
π³ Less than 4% of outstanding debt remains to be repaid.
π― Company remains on track to become debt-free during the current quarter.
πͺ Debt reduction is expected to materially strengthen the balance sheet and financial position.
π’ Impact: Positive β near-complete debt repayment significantly improves financial leverage.
β€2π₯2
FINE ORGANIC INDUSTRIES: 80% MALAYSIA ACQUISITION COMPLETION DELAYED β³
πΉ Acquisition of 80% stake in Oleofine Organics SDN. BHD., Malaysia was earlier expected to be completed within 3 months.
π Company has now extended the completion timeline by another 3 months.
βοΈ Delay is due to certain procedural requirements.
π All other terms and conditions of the acquisition remain unchanged.
π‘ Impact: Neutral β procedural delay; acquisition plan remains intact.
πΉ Acquisition of 80% stake in Oleofine Organics SDN. BHD., Malaysia was earlier expected to be completed within 3 months.
π Company has now extended the completion timeline by another 3 months.
βοΈ Delay is due to certain procedural requirements.
π All other terms and conditions of the acquisition remain unchanged.
π‘ Impact: Neutral β procedural delay; acquisition plan remains intact.
β€2
FM ON PSU BANKS , Says PSBs are operating with great strength today
PSBs will commence the Banking for Youth campaign from October 2
PSBs should reach out to young people to meet their banking needs
PSBs will commence the Banking for Youth campaign from October 2
PSBs should reach out to young people to meet their banking needs
β€2
FM says Each PSB should devise its own strategy to attract youth
Public sector banks should become the first choice of young customers
PSBs' approach to priority sector lending should be more robust
Public sector banks should become the first choice of young customers
PSBs' approach to priority sector lending should be more robust
β€5
COCHIN SHIPYARD: Keralam CM says Keralam Govt To Lease 18.16 Acres To Cochin Shipyard For βΉ5,000 Cr Ship Block Project
Project Expected To Create Around 2,000 Direct Jobs
Keralam Govt To Earn Annual Lease Revenue Of Around βΉ1.70 Cr Including GST
Project Expected To Create Around 2,000 Direct Jobs
Keralam Govt To Earn Annual Lease Revenue Of Around βΉ1.70 Cr Including GST
β€4π₯4
INDIA GOVT EXPECTS 2-3 MORE SEMICONDUCTOR PLANTS TO GO LIVE BY END-2026, AS PM MODI PLANS SEPT. 16 ROUNDTABLE WITH GLOBAL CHIP CEOS TO DRAW FRESH INVESTMENTS ACROSS THE SUPPLY CHAIN - ET ( CG POWER, KAYNES TECH, SYRMA SGS )
L&T FINANCE: EXPECTS GOLD LOAN BUSINESS TO CONTRIBUTE OVER 10% TO TOTAL LOAN BOOK IN THE NEXT 5 YEARS - BL
CROMPTON GREAVES: TARGETS NEARLY DOUBLING REVENUE TO βΉ15,000 CRORE BY FY31, WITH EXISTING FANS, PUMPS, LIGHTING, WATER HEATERS, AIR COOLERS AND KITCHEN APPLIANCES EXPECTED TO CONTRIBUTE βΉ12,000 CRORE - BL
HAPPIEST MINDS TECH:
CO. RECEIVES NCLT FINAL ORDER APPROVING AMALGAMATION SCHEME WITH UNIT AUREUSTECH SYSTEMS PRIVATE LIMITED
CO. RECEIVES NCLT FINAL ORDER APPROVING AMALGAMATION SCHEME WITH UNIT AUREUSTECH SYSTEMS PRIVATE LIMITED
HAL :
Tejas Mk2 LSP Production Could Begin Before Full Certification, Say Sources - IDRW
Tejas Mk2 LSP Production Could Begin Before Full Certification, Say Sources - IDRW
ETERNAL , SWIGGY : Zepto has hiked minimum order value to Rs 199 from Rs 149 - NDTV PROFIT
Current minimum order value is at par with Blinkit and Instamart
In case of high demand, the minimum order value amount has jumped to Rs 299
This could result into better Net Order Value growth and market share gains
Current minimum order value is at par with Blinkit and Instamart
In case of high demand, the minimum order value amount has jumped to Rs 299
This could result into better Net Order Value growth and market share gains
β€2
KOTAK INSTITUTIONAL EQUITIES
Earnings Outlook Improves, Macro Outlook Also Better But Volatility Persists
FY27 Earnings Growth Seen At 17.5%
FY27 Sees No Earnings Downgrades So Far, Unlike The Last Two Years
Nominal GDP Growth Has Picked Up
FY28 Earnings Growth Seen At 14%, Aided By Some Recovery In Economy & Pick-up In Banks
Over A 3-5 Year Timeframe, Need To Own Consumption
Earnings Outlook Improves, Macro Outlook Also Better But Volatility Persists
FY27 Earnings Growth Seen At 17.5%
FY27 Sees No Earnings Downgrades So Far, Unlike The Last Two Years
Nominal GDP Growth Has Picked Up
FY28 Earnings Growth Seen At 14%, Aided By Some Recovery In Economy & Pick-up In Banks
Over A 3-5 Year Timeframe, Need To Own Consumption
β€1
SUPREME INDS: MAINTAIN VOLUME GROWTH GUIDANCE OF 15-17% FOR PLASTIC PIPES IN FY27 || CO MAINTAIN OVERALL VOLUME GROWTH GUIDANCE OF 12-13% FOR FY27
SUPREME IND: MARGIN GUIDANCE MAINTAINED, EBITDA MARGIN AROUND 14-14.5% FOR FY27