NEW DELHI: L&T Finance Holdings will raise up to Rs 200 crore by issuing bonds, offering 8 per cent interest to investors. “The Committee of Directors of the company today i.e., August 19, 2020, through a resolution passed…approved the offer and issuance of up to 2,000 unsecured, redeemable, non-convertible debentures (NCDs) aggregating to nominal amount … Read more
BENGALURU: Unacademy is finalising a deal to raise around $150 million led by SoftBank, sources in the know told ET, boosting the ed-tech startup’s pre-money valuation to $1.3 billion, second only to industry leader Byju’s. Unacademy last picked up $110 million from Facebook and PE firm General Atlantic in February, at a valuation of $510 … Read more
NEW DELHI: Equity mutual funds saw the first monthly net outflow in four years as investors preferred to book profits instead of staying invested, a sign that reflects declining cash flows of households and fear of a crash in the market. Amfi data released for the month of July said investors withdrew a net Rs … Read more
State governments are paying more than sovereign-backed companies to raise money from the bond market. The virus-induced economic crisis cuts into their routine inflows including GST, VAT fanning investor concerns. Select state bonds like Tamil Nadu, West Bengal, Uttar Pradesh are yielding 7-15 basis points higher than corporate bonds of PGC, NTPC, IRFC, dealers said. … Read more
Mumbai: Valuations have been the big buzzword on Dalal Street for a while now but its suddenly gaining momentum. These days every conversation begins with the P/E ratio (price to earning ratio, which compares the current price of the share with its per share earnings) and ends with a loud proclamation that the valuations look … Read more