Shares of LIC Housing Finance jumped nearly 5 percent in early trade on August 4 after the company reported strong earnings for the June quarter. At 9:41am, the stock was trading 3.32 percent up at Rs 411.20 on the NSE. LIC Housing Finance reported a 43 percent surge in the standalone net profit to Rs 1,324 crore… Continue reading LIC Housing Finance stock rallies 5% after Q1 net profit jumps 43%
Category: Finance
Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 crore
Fusion Micro Finance reported a 60% year-on-year rise in net profit at Rs 121 crore for the June quarter, buoyed by business expansion and asset quality improvement. Net interest income increased by about 60% at Rs 294 crore against Rs 185 crore in the year-ago period. Total income rose 53.4% at Rs 553 crore. Pre-provision operating… Continue reading Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 crore
Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources
Barclays (BARC.L) has received non-binding offers from private equity firms including Warburg Pincus and Centerbridge to buy its German consumer finance subsidiary, three people familiar with the matter told Reuters. Bidders are waiting to be informed on whether they are through to the second phase of bidding for the unit, formally called Barclaycard Germany, which has a… Continue reading Barclays gets Warburg Pincus, Centerbridge bids for German consumer finance unit – sources
SBFC Finance Collects Rs 304 Crore From Anchor Investors
Abu Dhabi Investment Authority, Carmignac Portfolio, Loomis Sayles, Neuberger Berman, Amansa Holdings, Malabar India Fund Ltd and Steadview Capital Master Fund Ltd are among the anchor investors Non-banking finance company SBFC Finance Ltd on Wednesday said it has raised a little over Rs 304 crore from anchor investors ahead of its initial share sale. The company… Continue reading SBFC Finance Collects Rs 304 Crore From Anchor Investors