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JSW Holdings reports over 6 fold jump in Q2 net profit

JSW Holdings has reported results for second quarter ended September 30, 2018. The company has reported over 6 fold jump in its net profit at Rs 59.10 crore for the quarter under review as compared to Rs 9.19 crore for the same quarter in the previous year. Total income of …

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Rane Holdings to divest entire 48.97% stake in JV company

Rane Holdings has received approval for divestment of entire 48.97% equity shareholding held by the company in JMA Rane Marketing (JMA Rane), a Joint Venture (JV) company. This divestment is subject to negotiating and concluding the terms, execution of definitive agreement and completion of customary closing conditions. The Board of …

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AMJ Land Holdings gets approval for scheme of amalgamation

AMJ Land Holdings has received an approval for scheme of amalgamation of Pudumjee Investment & Finance Company, a wholly owned subsidiary of AMJ Land Holdings, with the company. This is subject to all requisite approvals including sanction by the National Company Law Tribunal. The Board of Directors of the company …

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IIFL Holdings’ arm to acquire stake in Wealth Advisors

IIFL Holdings’ subsidiary — IIFL Wealth Management — will acquire entire share capital of Chennai-based Wealth Advisors India. IIFL Wealth would conclude the transaction for a consideration of Rs 235 crore. This move is expected to further fortify 10 year old IIFL Wealth’s presence in the south as Wealth Advisors …

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IIFL Holdings’ arm raises Rs 1,000 crore from NHB

IIFL Holdings’ subsidiary — IIFL Home Finance has raised Rs 1,000 crore from National Housing Bank (NHB) and another $50 million from State Bank of India through External Commercial Borrowing (ECB) route. IIFL Home Finance is one of the first borrowers under the Reserve Bank of India’s revised norms for …

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L&T Finance Holdings raises funds worth Rs 250 crore

L&T Finance Holdings has raised funds worth Rs 250 crore. The Committee of Directors (Committee) has approved allotment of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each on a private placement basis to the identified investors. The Committee approved the same on October …

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Equitas holdings’ arm introduces Selfe Login to Mobile Banking App

Equitas holdings’ subsidiary — Equitas Small Finance Bank (SFB) has introduced facial recognition-based authentication in its mobile banking app. Equitas is the first SFB to introduce facial recognition for customers to login to their mobile banking app. This eliminates the need to remember complicated passwords or MPIN. The Bank has …

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L&T Finance Holdings gets nod to raise funds worth Rs 250 crore

L&T Finance Holdings has received an approval for the issuance of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each at par aggregating to a nominal amount of Rs 250 crore on a private placement basis. The CRPS will be unlisted but may be …

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An Phat Holdings receives US$15.6 million investment from Valuesystem

22/2/2018 – An Phat Holdings, a plastic and packaging producer in Vietnam announced yesterday that it has secured an investment of VND 353 billion (about US$15.6 million) from Korea’s asset management company Valuesystem. The funding is part of the company’s plans to raise US$200 million to support its growth over …

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Marcventures Holdings Inc to merge with two other mining firms

Philippines’ nickel miner Marcventures Holding Inc is merging with two miners Asia Pilot Mining Philippines Corp. (APMPC) and BrightGreen Resources Holding Inc. (BHI) in a deal valued at US$22.1 million (P1.125 billion). The company plans to issue a total of 1.125 billion shares priced at P1.00 apiece, comprising of 675 …

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