Corporate Radar: Gujarat Themis Biosyn to go ex-dividend; Orchid Pharma board meeting and more
The board of Orchid Pharma will consider and approve, amongst other things, raising of funds and issuance of securities via Qualified Institutions Placement basis. The pharma stock is a multibagger and has surged nearly 18 times in the last five years.
IPO-bound Fusion Microfinance plans secured loan arm for SMEs
The IPO-bound Fusion Microfinance, which has been piloting a small business-focused secured lending book, is commercially launching it from next month as it seeks to fortify its secured portfolio and also drive faster growth.
During the September quarter, it made an investment of Rs 20 crore in its wholly owned subsidiary Satin Housing Finance by subscribing to 67 lakh equity shares of the company at Rs 29.85 per share, offered on rights basis, it added.
Satin Creditcare reports Rs 60 crore net profit in June qtr
"Our consolidated disbursement for the quarter stood at Rs 1,709 crore as compared to Rs 282 crore in Q1FY22 and Rs 1,900 crore in Q4FY22," it said.Break-up wise, microfinance disbursement in the June quarter was Rs 1,540 crore compared to Rs 235 crore last year. However, it was lower than Rs 1,592 crore in preceding quarter ended March 2022.
Satin Creditcare raises Rs 96 cr by issuing bonds to two investors
A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of Rs 50,000 each have been issued to AAV Sarl and Masala Investments Sarl, Satin said in a regulatory filing on Friday.
NBFC-MFIs gear up to raise equity as growth prospects return
While one NBFC-MFI is looking to raise capital by way of the initial public offer, others will sell shares mostly on a private placement basis, people tracking the sector said.Fusion Micro Finances proposed IPO consists of a fresh issue of shares worth Rs 600 crore.
Stocks in the news: Kotak Bank, TCPL, Dabur, UPL, Havells and Adani Total Gas
Adani Power, Dabur India, Adani Transmission, Marico, Indus Towers, Voltas, MRF Chola Finance, Sona Comstar, TVS Motors, DCM Shriram, Blue Dart and Happiest Minds are among the companies which will announce their earnings today.
Satin Creditcare Network raises Rs 75 crore from impact investors
The lender raised the fund at 11.8 per cent rate, payable semi-annually. It allotted the non-convertible debentures worth Rs 75 crore in favour of these investors on Monday.
Florintree Advisors, promoters to infuse Rs 225 crore in Satin Creditcare Network
Floorintree, an India-focused alternative investment manager, will be the first-time investor in Satin while the promoter of the microlender Trishashna Holdings & Investments, which holds 35.4 per cent, will be raising its stake by investing another Rs 100 crore, people familiar with the matter said.
Microfinance firm Satin Creditcare Network reports Rs 81 crore net loss in June quarter
Collection efficiency, a gauge for repayment of loans, was lower at 82 during the quarter under review. Satin's disbursements for the quarter fell to Rs 282 crore as compared with Rs 2,376 crore in the January-March period. The firm's consolidated loan portfolio shrunk to Rs 7464 crore at the end of June against Rs 8100 crore a year back. Its microfinance book stood at Rs 6450 crore as against Rs 7100 crore.
Financial Inclusion Summit: Universal banking access can become a reality only when more women are empowered
While universal banking access and campaigns around financial literacy are important, the presence of more women at leadership roles in banks and lending institutions is a must to achieve this goal, said the stakeholders at the ET Financial Inclusion Summit.
Satin Creditcare Network: The company reported a higher standalone profit at Rs 42.76 crore in Q4FY21 against Rs 12.48 crore in Q4FY20, revenue fell to Rs 372.58 crore from Rs 375 crore YoY.
Satin Creditcare Network Q4 results: Company posts net profit of Rs 38 cr
"March quarter was a lot better than the earlier quarters. The three months were practically back to pre-pandemic levels," its Chairman and Managing Director H P Singh said.
MFI stock hits upper circuit as company receives loan facility
In an announcement, the microfinance institution said it had received a senior loan facility from Oesterreichische Entwicklungsbank ā OeEB, Austria, through an external commercial borrowing route
Buy Satin Creditcare Network, target price Rs 110: Centrum Broking
Satin Creditcare Network Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 499.46 Crore) operating in NBFC sector.