CashNews.co Goldman Sachs bought over 7.4 lakh shares in India Shelter Finance Corporation on Monday via block deal at a cost of approximately Rs 56 crore. The American multinational investment bank and financial services company bought shares for Rs 752.35 a piece which was a discount of 5% over the Friday closing price of Rs […]
CashNews.co A man walks past a Bajaj motorcycle dealer shop, in Mumbai, India, 23 October, 2023. Niharika Kulkarni | Nurphoto | Getty Images Shares of India’s Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the country’s growing real estate sector. The company’s shares, which […]
CashNews.co BENGALURU (Reuters) — Shares of Bajaj Housing Finance more than doubled in their trading debut on Monday, giving the company a market capitalization of 1.34 trillion rupees ($16 billion) and making it India’s most valuable listed home loan financier. The blockbuster listing is the latest in India’s booming IPO market that has seen over […]
CashNews.co (Bloomberg) — Indian companies are testing investors appetite for bigger initial public offerings after recent debuts raked in multifold gains. Most Read from Bloomberg At least three IPOs of more than $1 billion each are in the pipeline, with SoftBank-backed food-delivery platform Swiggy Ltd., as well as Indian units of LG Electronics Inc. and […]
CashNews.co Stay informed with free updates Simply sign up to the Indian business & finance myFT Digest — delivered directly to your inbox. Bajaj Finance, India’s largest non-bank lender, floated its housing finance arm in the country’s biggest initial public offering so far this year, drawing strong investor interest due to buoyant property and equity […]
CashNews.co Union New & Renewable Energy Minister Pralhad Joshi on Monday urged investors to invest in India saying that Rs 32.45 lakh crore finance in green projects has been committed by banks and financial institutions. Addressing the inaugural session of the 4th RE-INVEST 2024, Joshi said, “we have received overwhelming commitments from the states and […]
CashNews.co After witnessing Bajaj Housing Finance’s phenomenal debut on the Indian stock exchanges, investors lucky enough to be allotted the shares were left exhilarated, eagerly crunching the numbers to calculate their remarkable profit margins. The stock’s impressive performance saw investments doubling within minutes of its listing. The shares debuted on the NSE at ₹150 each, […]
CashNews.co Shares of India’s Bajaj Housing Finance more than doubled Monday on their market debut, jumping 130% from their IPO pricing. Bajaj Housing Finance’s blockbuster IPO last week drew bids worth $39 billion, with shares being oversubscribed nearly 64 times. The company raised $781 million, valuing it at $7 billion. After Monday’s debut the total […]
CashNews.co Sep 16, 2024 10:09 AM IST Bajaj Housing Finance shares debuted strongly on stock markets at ₹150, a 114% premium over the IPO price. Bajaj Housing Finance shares made a strong debut on stock markets today after pre-listing indicative price was at ₹150 per share on both NSE and BSE- a premium of 114 […]
CashNews.co BENGALURU (Reuters) – India’s Bajaj Housing Finance shares debuted at over double the offer price in pre-open trade on Monday as investors bet on strong growth in a booming home loan market. The stock listed at 150 rupees on the National Stock Exchange of India, compared with an offer price of 70 rupees. The […]