Mahindra Finance announces Public Issue of Unsecured Subordinated Redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1,000 each for an amount of Rs. 25,000 lacs ( Base Issue Size )Along with an option to retain over-subscription up to Rs. 75,000 lacs aggregating up to Rs. 1,00,000 lacs (Rs.1000 Crores) ( Tranche 1 Issue ) Issue opens on May 25, 2016 and closes on June 10, 2016
IndusInd Bank and Reliance General Insurance tie up for distribution of Insurance products
Reliance Securities calls 'ACCUMULATE' on Ramco Cement with a revised Target Price of Rs 550 (9.5x FY18 EV/EBITDA).
Allcargo Logistics's Q4FY16 PAT up 25%
Allcargo Board Approves The Acquisition Of Controlling Stake (61%) In CCI Integrated Logistics Pvt Ltd
ARC Ratings has affirmed its BBB+ foreign currency rating for India. The agency also has affirmed its "A-" local currency sovereign rating of the government, and its "A-" foreign currency and "A" local currency country ceilings for the country. India"s short term ratings are affirmed at A-2.
Manappuram Finance reports Net profit for the year ended March 31, 2016 at Rs. 353.36 crore, an increase of 30.2%