Bajaj Finance, Future group, M&M, NMDC, Tata Steel


NEW DELHI: Here are the top ten actions that could make the news today.

Bajaj Finance: The consumer lender provided some relief, as its first update for the June quarter showed that the second wave of the covid pandemic had less of an impact on loan demand than feared. the origin. Bajaj Finance added 4.6 million new loans in the June quarter, 15% less than the previous quarter. The lender has seen a decrease in the number of new customers on a sequential basis.

Future group: Future Group lenders are assessing the ability of the Kishore Biyani-led group to maintain operations after a loan moratorium ended in September, said two people with direct knowledge of the matter. Lenders are alarmed by Future Group’s delay in divesting any non-core assets, a crucial part of the loan restructuring process aimed at strengthening its capital base, the people said, on condition of anonymity.

Funding of the IIFR: The issuance of non-convertible bonds of the IIFL Finance IIFL Home Finance unit began on July 6 and closes on July 28. The issue, rated AA, will offer an effective yield of around 9-10%. An issue tranche includes a base issue size for 100 crore with a greenshoe of up to 900 crore, totaling up to 1,000 crores. Total shelf size / shelf limit 5,000 crore, IIFL Home said in a statement.

Information edge: The board of directors of the company has approved the acquisition of managed by Axilly Labs Pvt. Ltd. Doselect offers technical assessment services for recruitment and learning purposes. Info Edge will hold 100% of the capital of on a fully diluted basis for 21 crores. The acquisition will be carried out under certain conditions.

Mahindra & Mahindra: The company has signed a solar power delivery agreement with ReNew Sunlight Energy Pvt. Ltd (RSEPL). M&M has also signed a share and shareholder subscription agreement with RSEPL and ReNew Green Energy Solutions Pvt. Ltd under which M&M will subscribe 1,60,74,000 shares, or a 31.2% stake in RSEPL.

NMDC: The government offer to sell 7.49% stake in public sector company NMDC Ltd, open to non-commercial investors on Tuesday, got off to a good start with 2.13 times oversubscribed.

SBI: The country’s largest lender, SBI, will auction two non-performing accounts (NPAs) next month to collect contributions of more than 313 crore, according to a notice from the lender. The two accounts that will be auctioned online on August 6 are Bhadreshwar Vidyut Pvt Ltd (BVPL) with an outstanding loan of 262.73 crore and GOL Offshore Ltd with 50.75 crore membership fee.

Suzlon: The company has denied market murmurs that a large group could acquire a controlling stake in the company, calling it speculative and unfounded.

Steel tata: The company seeks to increase its annual capacity in India from the existing 34 million tonnes per year (mtpa) to 55 mtpa, or 73% of its global production, by 2030, the company said in a presentation to investors on Tuesday. . Indian activity will also represent 75% of its income by 2030, he added.

Tata Engines: Luxury automaker Jaguar Land Rover Automotive Plc issued a profit warning on Tuesday citing the impact of the semiconductor chip shortage on vehicle production, causing shares of parent company Tata Motors Ltd to fall 10% . The UK carmaker, which has seen sales rebound in the past six months, said it would post a negative operating margin and operating cash outflow of £ 1 billion this quarter.

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