Ace investor and stock picker Madhu Kela has recently added a new share is his portfolio. According to data available on BSE, the investor now owns 2.48 per cent stake, which is worth ₹83.8 crore. Other than Indostar Capital Finance, the ace investor has also picked up 1.6 per cent stake in Waaree Energies, worth ₹870.8 crore. Indostar Capital Finance …
A new report released this week showed job creation had slowed in the informal sector in 2023-24. Meanwhile, the Indian stock market this month is seeing the second-worst December performance in a decade and the GST council’s decision to tax popcorn differently has kicked up a storm. Informal worry India’s informal sector added fewer new jobs in 2023-24, with 10.97 …
IndoStar Capital Finance Ltd said it is looking at acquiring smaller non-banking financial companies following a large capital infusion by Canadian asset manager Brookfield. Following the liquidity crunch that hit the NBFC sector post defaults at Infrastructure Financing and Leasing Services group, IndoStar acquired the commercial vehicle lending business of IIFL group. Jhaveri said the transaction with Brookfield underscores the …
Flipkart co-founder Sachin Bansal has invested ₹250 crore each, via debt, in non-banking financial companies Altico Capital India Ltd and IndoStar Capital Finance Ltd, two people familiar with the development said. The debt investments in non-bank lenders Altico and IndoStar shows that Bansal, who has so far invested from his billion-dollar fortune in technology startups, is now broadbasing his bets. …
Data shows the debt market remains the most preferred route for raising funds to support business needs of the corporate world. New Delhi: Indian companies have raised nearly Rs 6 lakh crore from equity and debt instruments in 2018, but volatile market conditions brought down the kitty by 30 percent and political uncertainties ahead of the 2019 general elections may …
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