Mark to Market

Tata Tele in talks with ATC to sell entire stake in tower biz for ₹2,500 crore ATC's stake in ATC TIPL is likely to reach around 90% if the Tata Teleservices exits the business after selling entire stake ATC TIPL is the second-largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers RBI sells entire stake in NHB, Nabard to govt for₹1,470 crore RBI stake sales in Nabard and NHB to the government amounted to ₹20 crore and ₹1,450 crore, respectively

Shriram Transport Finance to raise $500 million via secured notes Shriram Transport Finance plans to use the proceeds from the fundraising for onward lending and other activities Blackstone to acquire majority stake in Essel Propack for up to $460 million As per Sebi regulations, the transaction will trigger a mandatory open offer for a purchase of additional 26% shares of the company Ashok Goel will retain a minority stake in the company Bounce raises $3 million in debt funding from Innoven Capital Bounce says the funding will be used for expansion Till date, Bounce has raised over $22.5 million across two rounds https://martomarketmtm.blogspot.com/2019/04/mark-to-market-fundraising.html https://martomarketmtm.blogspot.com/2019/04/mark-to-market-new-opportunities.html https://martomarketmtm.blogspot.com/2019/03/mark-to-market-funding-part-2.html https://martomarketmtm.blogspot.com/2019/03/mark-to-market-expanding-horizons.html https://martomarketmtm.blogspot.com/

RIL  Q4 results gave a blockbuster opening to the Result season. Jio & Retail added the much needed SHINE to keep this STAR shining in the eyes of Investors.(+3% NSE) Aiming to double the sales in 7 years, while giving approx 45% growth in  stock price in last 12 months is what makes Reliance Industries largest C onglomerate in INDIA. Highlight of Q4 Results :- Reliance Industries Ltd (RIL) :-   9.79% increase in its quarterly profit   ( Revenue rose 19.4% to  ₹ 1.54 trillion for the quarter) Reliance Jio:- net profit jumps 64% to  ₹ 840 crore  (Revenue    jumped  55.8% ) Reliance Retail Ltd :- Ebit growth of 14% sequentially to  ₹ 1,721 crore.  (Revenue rose by  89%) Petrochemicals business:- Ebit  fell 2% sequentially to  ₹ 7,819 crore. (Revenue  increased by 11.3%) Refining business :- Ebit fell by 18.6% to  ₹ 4,026 crore. (R evenue fell by 6.1%) Consolidated profit before tax:- fell 4.1% sequentially to  ₹ 13,858 crore   Consolidated

Bandhan Bank gets CCI approval for Gruh Finance merger with itself As part of the deal, Bandhan Bank has to transfer 14.9% stake to HDFC for merging Gruh Finance with itself JM Financial NBFC arm to raise ₹1,000 crore via NCDs The base size of the issue is  ₹200 crore  with an option to retain  over subscription up to ₹800 crore , says JM Financial Products JM Financial Products is offering bonds in two, three and five years maturing with coupon ranging from 9.90 to 10.50% Shapoorji’s Sterling and Wilson Solar file for₹4,500 crore IPO Shapoorji Pallonji Group expects to raise $1 billion by bringing outside investors into its solar unit Shriram Transport Finance to raise $500 million via secured notes These notes—having tenure of 3.5 years and carrying an interest rate of 5.95% per annum—are payable semi-annually Shriram Transport Finance plans to use the proceeds from the fundraising for onward lending and other activities Walt Disney in control, Hulu buys out

OYO inks distribution partnership with Hotelbeds The deal will provide OYO access to more than 60,000 travel buying intermediaries around the world Hotelbeds' clients will have access to OYO's portfolio of over 18,000 franchised and leased hotels and over 10,000 homes and villas across 10 countries Lakshmi Vilas Bank to allot near 5% shares to Indiabulls Housing Finance The board of LVB has approved the merger with IBHL in which shareholders of the bank will get 14 shares of IBHL for every 100 shares they hold India's exports grew by 11 per cent to USD 32.55 billion in March. Imports rose by 1.44 per cent to USD 43.44 billion during the month. However, trade deficit narrows to USD 10.89 billion as compared to USD 13.51 billion in the same month last year. WPI inflation rises to 3.18% in March on costlier food & fuel Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel. The Wholesa

Infosys beats analyst estimates for Q4-FY19 The company added that its operating margin guidance for the FY20 would be between 21 to 23% While attrition rates have increased to 20.4% in Q4FY19, from 19.4 in the same period last year TCS Q4 profit beats estimates; double-digit revenue growth in fiscal 2019 TCS' 2018-19 consolidated profit rose 22% to ₹ 31,472 crore TCS has recommended a final dividend of ₹ 18 per share

Mindtree, one of the fast growing software company got undemended attention from one of the engineering giants.L&T infotech one of the tech arm, would largely benefit with the consolidation deal. So taking a big leap, there took place first time in the history of India's IT Industry what is commonly known as "Hostile Takeover" at a handsome sum of 10700Cr, for a whooping 66.32% of Shareholding. Hostile Takeover Impact on transaction parties :- V.G. Siddhartha:- was compelled to sell his stake due to liquidity crunch which triggered by defaults in payments by Infrastructure Leasing and Financial Services Ltd (IL&FS) in August. Another reason is to finance the expansion of his coffee venture Coffee Day Enterprises that runs the Café Coffee Day chain. L&T:-    Return on equity (RoE) expansion on account of purchase of non-core business is not the preferred way for L&T shareholders , as it risks long term de-rating of core business. This also lim

Forex reserve soars $5 billion to $412 billion Foreign currency assets swelled by $5.248 billion to $384.053 billion in the reporting weekForex reserve soars $5 billion to $412 billion RBI lowers GDP growth forecast to 7.2% for 2019-20 In its February monetary policy statement, the central bank had projected the GDPgrowth for 2019-20 at 7.4 per cent -- 7.2-7.4 per cent in first half of the fiscal (April-September) RBI lowers repo rate by 25 bps to 6% The Reserve Bank of India (RBI) cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6%. This is the second consecutive rate cut from RBI under new chief Shaktikanta Das Slowing growth, low inflation and an increasingly dovish US Federal Reserve stance created the elbow room for the monetary policy committee (MPC) of the Reserve Bank of India (RBI) to cut the repo rate on Thursday.  Source-Mint, ET

M&A deals declined 17% to $25.8 billion in Jan-Mar The financial sector contributed 43.6%, or $11.3 billion, to overall M&A deals in the first quarter The number of deals fell 12.9% from a year ago Nomura cuts jobs and bank branches to reduce costs by $1 billion Japan's Nomura Holdings will shut more than 30 of 156 domestic retail branches in its latest overhaul Nomura also plans to axe about 100 jobs in London Yes Bank plans $500 million share sale to boost loans Yes Bank plans to wait until it reports earnings later this month before it starts marketing any deal A stock offering would help Yes Bank improve its risk profile and support loan growth after years of rapid growth

NIIF, Roadis tie up for $2 billion road investment platform The platform will target toll-operate-transfer models, acquisition of road concessions and investment opportunities in the sector Ola to launch in London as UK rollout builds Ola, owned by ANI Technologies Pvt, raised $300 million from Hyundai Motor Group in March, giving the ride-hailing startup a valuation of about $6 billion SC ruling on RBI circular to give tycoons reprieve on $55 billion of bad debt Business tycoons from power to aviation and real estate will now have more room to negotiate loan repayments with lenders even after payments become overdue.

Wipro Infrastructure Engineering unit buys Incite Cam Centre’s Automation Business This is expected to enhance WIN Automation's capabilities to offer integrated and end-to-end automation solutions Incite Cam Centre, founded in 2000, has executed over 3000 diverse automation projects Metropolis Healthcare raises ₹530 crore from anchor investors The company allotted 60,23,293 equity shares to 26 anchor investors at ₹880 per unit The price band for the IPO has been fixed in the range of ₹877-880 per equity share