Furlenco’s Second Innings: Profitability, Fresh Funding, and an IPO on the Horizon

NCLAT refuses stay on NCLT nod to ArcelorMittal plan - Economics Times...

The National Company Law Appellate Tribunal Friday refused to stay a bankruptcy court order approving steel giant ArcelorMittal's Rs 42,000 crore takeover bid for Essar SteelNSE 0.00 % and sought a fresh plan for the distribution of bid amount between financial and operational creditors of the debt-laden firm. Read more at Here

Tweet from Avinash Gorakshakar on Catholic Syrian Bank - 11.03.2019

Catholic Syrian Bank- Results Update - 08.03.2019

1.  The company has posted a decent growth of 17% QoQ basis and 14.44% on YoY Basis. 2. The company has posted a Profit of 74 Lakh against loss of 31 Cr last Qtr and a loss of 46 Cr last year which is big positive for the company. 3. The Gross NPA has also gone down QoQ basis from 8.26% to 7.52%. 4. The Bank has issued 1,98,32,130 Equity Shares @ Rs. 140/- per Equity Share (including premium of...

IPOs can wait. Most Indian firms prefer private lane - 07.03.2019

Fewer Indian firms are raising money through initial public offerings (IPOs) as a strong appetite for fast-growing businesses from venture capital and private equity firms have made them less dependent on the stressed primary market Read more at: [ Economics Times News]

Good News for MSEI and ICEX Shareholders - 05.03.2019

For two consecutive sessions, ICEX DIAMOND volume has breached all-time high with the value of Rs.365 crs traded on a single day. The Exchange also crossed landmark turnover of Rs.400 crores on a single day across all its contracts. As per an internal discussion which is at the initial stage, there will be only 2 full-fledged exchanges. So MSEI and ICEX are likely to be merged with BSE. And MCX a...

Nayara Energy( Formerly Essar Oil) - 25.02.2019

Nayara Energy Ltd. is in talks with fuel retailer Indraprastha Gas Ltd. to set up compressed natural gas stations at its pumps, according to IGL Managing Director ES Ranganathan. [Bloomberg Quint News]

Small Finance Bank Know How - 22.02.2019

Please read our report on Small Finance Bank wherein we have covered: How to open Small Finance Bank as a business; to whom this bank served;  what is the purpose of these banks; What is the Capital Requirement; What is the opportunity available in this segment for the investors. Read the Full Report Here:

Mohan Meakin Limited Unlisted Shares - 20.02.2019

Quarterly Results Update ( 31.12.2018 )    

Suryoday Small Finance Bank Limited Unlisted Shares

Results Update Six Month FY19 Results( Read Financials here) Key Points: 1. As per the Balance Sheet of 6MFY19, the Company has Net Worth of 581.67 Cr and Outstanding Shares of  6.765 Cr. So Book Value is 86. 2. The Company is meeting members on 15.03.2019 to do Private Placement of 13,816,344 at Rs. 180 Per Share. Thereby Garnering close to 248 Cr from the Equity Dilution. (Click here to read PD...