Indian Market - Lakshmishree News

IndoStar Capital Finance Soars 13% After Selling Home Finance Unit for Rs 1,750 Crore

Shares of IndoStar Capital Finance surged over 13 percent in early trade on September 20, following the sale of its subsidiary IndoStar Home Finance for Rs 1,750 crore. The buyer, Witkopeend BV, is an Amsterdam-based affiliate of the global private equity firm BPEA EQT Mid-Market Growth Partnership. At 9:37 am, IndoStar’s stock, part of Madhusudan […]

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HDFC Bank Set to Finalize Rs 9,000-Crore Loan Sale by End of September: Report

Lisl News Desk / Indian Market

HDFC Bank, India’s largest private lender, is set to complete the sale of loans worth over Rs 9,000 crore ($1.08 billion) by the end of September, according to sources familiar with the matter. This marks the bank’s largest loan sale to date. The loan sale involves the issuance of pass-through certificates (PTCs) backed by a

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AAVAS Financiers Surges 3% as Board Approves NCD Issue to Raise Rs 630 Crore

Lisl News Desk / Indian Market

Shares of AAVAS Financiers jumped over 3% to Rs 1,871 per share on September 19 after the company’s board approved the issuance of non-convertible debentures (NCDs) to raise Rs 630 crore. NCDs are a debt instrument used by companies to raise funds from the public or institutional investors. This year, AAVAS Financiers’ stock has risen

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Excellent Wires and Packaging Debuts at 5% Discount to IPO Price on NSE SME

Lisl News Desk / Indian Market

Shares of Excellent Wires and Packaging had a weak stock market debut on September 19, listing at Rs 85 per share on the NSE SME platform, a 5.56% discount to the issue price of Rs 90. The listing was in line with grey market predictions, where the shares were trading without a premium. The company’s

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Gift Nifty Flat After Initial Surge from Fed Rate Cut; Tracks Volatility in US Markets

Lisl News Desk / Indian Market

Gift Nifty futures on NSEIX saw a sharp rise after the US Federal Reserve announced a 50 basis point rate cut on September 18, but quickly gave up gains, ending near flat. Gift Nifty surged 135 points to hit 25,474 but retraced to 25,355 by the end of the second session. On September 19, it

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Aurobindo to Acquire Remaining 49% in GLS Pharma for ₹22.5 Crore

Lisl News Desk / Indian Market

Aurobindo Pharma has announced plans to acquire the remaining 49% stake in GLS Pharma for ₹22.5 crore, making GLS Pharma a wholly-owned subsidiary. The deal involves purchasing the shares at ₹381.12 each, with the transaction expected to be completed by December 2024. Aurobindo had first bought 51 per cent of GLS Pharma in June 2022

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IT Stocks Decline 3% on Profit Booking Ahead of Fed Meeting Decision

Lisl News Desk / Indian Market

The Nifty IT index dropped nearly 3 percent on Tuesday as investors booked profits ahead of the U.S. Federal Reserve’s upcoming meeting. Major IT stocks such as Infosys, TCS, and Tech Mahindra led the decline, with all 10 components of the index trading in the red, down by 2-5 percent. According to Osho Krishan, Technical

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Inox Wind Secures 550 MW Wind Project from IGREL Renewables

Lisl News Desk / Indian Market

Inox Wind is expected to see gains in the opening trade after securing a Letter of Intent (LoI) from IGREL Renewables Ltd (IGREL) for the execution of a 550 MW wind power project. This turnkey project will involve the supply, installation, and commissioning of Wind Turbine Generators (WTGs) by Inox Wind, along with comprehensive operations

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EaseMyTrip Forays into Medical Tourism Industry

Lisl News Desk / Indian Market

On Tuesday, EaseMyTrip.com announced its entry into the rapidly growing medical tourism sector with two strategic acquisitions. The company has acquired a 49% stake in Dubai-based Pflege Home Healthcare and a 30% stake in Rollins International, which operates in India’s health supplement and allergen-free food sector. These acquisitions form part of EaseMyTrip’s larger plan to

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