Thursday, February 20, 2020

Swiggy raises further money

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Online food delivery startup Swiggy has secured a fresh Rs 805 Cr in a round led by South African internet giant Naspers. Existing investors, Meituan-Dianping and Hadley Harbour Master Investments LP, also participated in the round.

Swiggy had reported a loss of Rs 2345 Cr for the year 2019.

Forthcoming IPO : National Securities Depository Limited (NSDL)


Issue Details: 
  



Issue size
Rs 1000 Cr 
Face Value
RS 10


Promoters 
NSE, IDBI Bank
Business
Depository services
Listings
Bse, Nse
BRLMS
Kotak, SBI Cap and I Sec



Wednesday, February 19, 2020

Forthcoming IPO : Apeejay Surrendra Park Hotels Ltd


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Issue Details: 
  



Issue size
Rs 1000 cr 
Face Value
RS 10


Promoters 
Apeejay group / PE backed by Credit Suisse
Business
Hotel chain
Listings
Bse, Nse
BRLMS
ICICI Sec, Axis Cap and JM Financials



Forthcoming IPO : NCDEX



Issue Details: 
  



Issue size
Rs 500 Cr 
Face Value
RS 10


Promoters 
Nse, LIC / others
Business
Commodity exchange
Listings
Bse, Nse
BRLMS
ICICI Sec, SBI Caps



Forthcoming IPO : Indian Railway Finance Corporation


Issue Details: 
  



Issue size
140 cr equity shares
Face Value
RS 10


Promoters 
Govt of India
Business
Financing Railways operation
Listings
Bse, Nse
BRLMS
.
IDFC Securities, HSBC Securities and Capital Markets (India), ICICI Securities and SBI Capital Markets



Forthcoming IPO : Computer Age Management Services Limited

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Issue Details: 
  



Issue size
Rs 1500 Cr
Face Value
RS 10


Promoters 
Warburg Pincus
Business
Registrar and transfer agency
Listings
Bse, Nse
BRLMS
Kotak Mahindra Capital, HDFC Bank, ICICI Securities and Nomura Financial Advisory and Securities (India).


Yes Bank out of Nifty indices

Private lender YES Bank will cease to be a part of Nifty 50 index from March 27, and will be replaced by Shree Cement.

Yes Bank closed at Rs 35, down 6 percent in yesterday's trade.


Forthcoming IPO : Barbeque Nation Hospitality Limited



Issue Details: 
  



Issue size
Rs 1100 Cr
Face Value
RS 10


Promoters 
Sayaji Hotels
Business
Fine dining hotel chain
Listings
Bse, Nse
BRLMS
Axis Capital, Ambit Capital, IIFL Securities, SBI Caps


NSE bars 3 brokers

National Stock Exchange has declared three stock brokers -- Vrise Securities, Kaynet Finance and BMA Wealth Creators -- as defaulters for non-compliance and have been expelled from the membership of the exchange

Friday, February 14, 2020

S&P affirms India ratings at 'BBB-'


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International ratings agency Standard and Poor’s on has affirmed India’s sovereign rating at ‘BBB-’ with stable outlook, saying the country’s GDP growth is likely to gradually recover towards longer-term trend rates over the next two to three years.

‘BBB’ rating refers to adequate capacity of the rated entity to meet its financial commitments.

“Despite a notable deceleration in India’s economy in recent quarters, we believe its structural growth out performance remains intact. Real GDP growth is therefore likely to gradually recover toward longer-term trend rates over the next two to three years, according to the agency.

Voda-Idea loss increases


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Vodafone Idea has reported a consolidated loss of Rs 6,439 crore for the December quarter as compared with a Rs 5,005-crore loss in the same period in 2018-19.
 Analyst  had pegged the loss at Rs 4,000 crore, after being in the red by a record Rs 50,922 crore in the September quarter. Exceptional expenses in the quarter were  at Rs 633 crore, largely on account of integration and merger-related costs.
The stock closed flat at Rs 4.5 in yesterday's trading.