Mark To Market FundRaising!!

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 AT&T for $1.4 billion

Hulu has bought out AT&T's 9.5% stake, leaving just a pair of owners: Walt Disney and Comcast
Disney and Comcast will now have to decide how they want to account for the AT&T transaction

For earlier FundRaising refer link below:-

https://martomarketmtm.blogspot.com/2019/03/mark-to-market-funding-part-2.html

https://martomarketmtm.blogspot.com/2019/03/mark-to-market-funding.html

https://martomarketmtm.blogspot.com/2019/03/mark-to-market-expanding-horizons.html

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Textile Sector In India:- An Overview (Part-1)

Facts India’s textile industry contributed seven percent of the industry output (in value terms) in FY19. It contributed two percent to the GDP of India and employed more than 45 million people in FY19. The sector contributed 15 percent to India’s export earnings in FY19. The Indian government has come up with a number of export promotion policies for the textile sector. It has also allowed 100 percent FDI in the sector under the automatic route. The textiles and apparel industry can be broadly divided into two segments - yarn and fiber and processed fabrics and apparel. Growth in demand is expected to continue at 12 percent CAGR to reach US$ 220 billion by 2025. India is the world's second-largest exporter of textiles and clothing. Increased penetration of organized retail, favorable demographics, and rising income levels is likely to drive demand for textiles. Post COVID-19 Scenario Due to the pandemic, businesses and supply chains are witnessing a drastic shift from tradition

Mark to Market " Banking Sector at Mess"

Market transactions by staff routine activity say RBL Bank as stock tanks 12% The total employee holding in the bank stood at around 3.46 crore shares as on 23 August, with over 25% of employees holding shares The bank's management had indicated possible corporate slippages to the tune of ₹1,000 crore in the coming quarters, during its Q1 results commentary A ‘priority sector’ problem brewing for YES Bank? The lender is said to have an exposure of about Rs 500 crore on account of loans to CCD. Most banks with exposure to the group said a significant portion of the debt was paid after Siddhartha sold his stake in IT services firm Mindtree for Rs 3,200 crore. But it’s not known how many banks individually loaned the company. Sources in the know said the loans were backed by the plantations and real estate.

Mark To Market: Defaults!!

DHFL defaults on Rs 1,571 crore bond payments The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore. DHFL has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to the issuance of bonds and commercial papers The non-banking financial company (NBFC) has defaulted on Rs 46.92 crore towards interest amount on secured NCDs (9.92 percent and 9.40 per cent/10 year tenor); on NCDs issued through a public issue for multiple tenors of amount involving the interest of Rs 363.77 crore and the principal amount of Rs 1,059.91 crore. CG Power ’s disclosure of accounting lapses is the latest in a series of governance and accounting scandals that have hit India Inc. over the past year, increasing scrutiny over not just the promoters of the companies but also independent directors, auditors, and regulators.

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