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06 May 2025

4472.30

-0.47%

Sundaram Finance plans to raise over Rs 6K cr in current FY to drive growth

Business Standard

Sundaram Home Finance has unveiled plans to raise over Rs 6,000 crore to accelerate its growth during the current financial year. The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits, an official said. Sundaram Home Finance reported a 26 per cent rise in its net profit for the January-March 2025 quarter to Rs 71.57 crore from Rs 56.80 crore registered in the corresponding quarter of last financial year. Disbursements made during the quarter under review stood at Rs 1,929 crore as against Rs 1,469 crore registered in the corresponding quarter of last financial year. The Assets Under Management during the financial year ending March 31, 2025 went up to Rs 17,470 crore from Rs 13,812 crore registered in the year ago period. On the outlook for the financial year, the city-headquartered company's MD D Lakshminarayanan said, "The emergence of small towns as an economic growth drive is throwing up a lot of new growth...

Sundaram Finance Ltd. has an average target of 5165.00 from 2 brokers.

SBFC Finance Ltd.

06 May 2025

106.67

0.37%

SBFC Finance Targets 25-30% Annual Growth In FY26

NDTV Profit

The company aims to reach a 15% return on equity (RoE) by the end of the current financial year or Q1 FY27.

Number of FII/FPI investors increased from 119 to 125 in Jun 2025 qtr.

Manappuram Finance Ltd.

05 May 2025

291.20

1.39%

Bain Capital Seeks CCI Approval To Acquire Stake In Manappuram Finance

NDTV Profit

According to the proposed deal, Bain Capital through its two affiliates -- BC Asia Investments XXV and BC Asia Investments XIV -- will acquire stakes in Manappuram Finance Ltd.

Manappuram Finance Ltd. has gained 41.04% in the last 6 Months

Bain Capital seeks CCI nod to acquire stake in Manappuram Finance

Business Standard | 05 May 2025

Bajaj Finance Ltd.

05 May 2025

1003.25

3.40%

Bajaj Finance Announces TDS Rules Ahead Of Special Dividend Check Rates, Record Date And More

NDTV Profit

The last day to buy shares and be eligible is Thursday, May 8 under India's T+1 settlement cycle.

Bajaj Finance Ltd. has an average target of 1008.00 from 12 brokers.

Mahindra & Mahindra Financial Services Ltd.

02 May 2025

271.35

-0.06%

M-M Finance to raise 3,000 crore through simplified rights issue process

Business Standard

Mahindra & Mahindra Financial Services on Friday said its board has approved to raise up to Rs 3,000 crore by way of rights issue as per the simplified process. The company's board on February 13, 2025, approved a fund raise of up to Rs 3,000 crore by way of rights issue to eligible shareholders, the non-banking finance company said in a regulatory filing. "Accordingly, to avail benefits of the same, the Board of Directors of Mahindra & Mahindra Financial Services (MMFSL) at its meeting held today have passed a fresh resolution to approve fund raise of up to Rs 3,000 crore by way of rights issue under the simplified rights issue process," the company said. Shares of the company on Friday ended 0.34 per cent up at Rs 262.45 apiece on BSE.

Number of FII/FPI investors increased from 254 to 268 in Jun 2025 qtr.

SBFC Finance Ltd.

02 May 2025

106.67

0.37%

SBFC Finance risk officer, chief of operations step down

Economic Times

SBFC Finance, which has a market cap of Rs 11,071 crore, has posted a 46% rise in net profit on year to Rs 345 crore in FY25. The finance company specialises in giving secured loans with ticket size of Rs 5 lakh to Rs 30 lakh to small and medium sized companies.