Posts

Showing posts from July, 2023

SBFC Finance Ltd IPO to open on Thursday, August 3, 2023, Sets price band at Rs 54 – 57 per Equity share

Image
 by Shrutee K Price Band of Rs 54 – Rs 57 per equity share bearing face value of  Rs 10 each (“Equity Shares”)  Bid/Offer Opening Date – Thursday, August 3, 2023 and Bid/Offer Closing Date – Monday, August 7, 2023.  Minimum Bid Lot is 260 Equity Shares and in multiples of 260 Equity Shares thereafter.  The Floor Price is 5.4 times the face value of the Equity Share and the Cap Price is 5.7 times the face value of the Equity Share. MUMBAI, JULY 31, 2023 :  SBFC Finance Limited (” Company ”) is a systemically important, non-deposit taking non-banking finance company (“ NBFC-ND-SI ”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals has fixed the price band at  Rs 54  to Rs  57  per Equity Share for its maiden public offer. The initial public offering (“ IPO ” or  “Offer” ) of the Company will open on Thursday, A

Concord Biotech IPO: Jhunjhunwala-backed Concord IPO sets price band at ₹705-741

 by Shrutee K Concord Biotech Ltd initial public offering (IPO) opens for subscription on Friday, August 4, and closes on Tuesday, August 8. The allocation to anchor investors for Concord Biotech IPO is scheduled to take place on Thursday, August 3. Concord Biotech IPO price band has been fixed in the range between ₹705 to ₹741 per equity share of face value of ₹1 each. Concord Biotech IPO lot size is 20 equity shares and in multiples of 20 equity shares thereafter. Rekha Jhunjhunwala -backed Concord Biotech IPO consists of a pure offer-for-sale by Helix Investment Holdings Pte Ltd. of up to 20.93 million shares. The issue offer is priced at ₹1,550 crore on the upper band, and the firm is worth ₹7,752 crore. 20% of the company is owned by Helix Investment Holdings Pte Ltd, which is backed by Quadria Capital Fund LP, an Asian private  equity fund  with a focus on healthcare. Rakesh Jhunjhunwala owned 24.09% of the company through his  asset management  company RARE Enterprises (via

Raymond Realty rapidly expands its presence in Thane with the launch of its fourth project

 by Shrutee K Thane, 31 July 2023 – Raymond Realty, the real estate arm of Raymond has expanded its presence in the Thane market with the launch of its fourth project Address by GS 2.0. Having received unprecedented success in its first three projects, the launch of The Address by GS 2.0 showcases the soaring popularity of Raymond Realty as a real estate developer in the MMR region. After the successful launch of the first phase of The Address by GS and the recent handover of the first phase of TenX Habitat, Raymond Realty is emerging as a strong player in the real estate segment. Speaking about the latest venture of Raymond Realty, Harmohan Sahni, CEO Raymond Realty said; “The Address by GS 2.0 is testimony to the surging popularity of Raymond Realty in Thane region. Having delivered our maiden project 2 years ahead of RERA timelines, this is yet another finest creation that is poised to set new benchmarks in the field of construction. The overwhelming success of our first edition of

LIC of India introduces a new plan LIC’s Jeevan Kiran(Plan No. 870)

 by Shrutee K  Life Insurance Corporation of India introduced a new plan, LIC’s Jeevan Kiran (Plan No. 870)  with effect from 27th July 2023.  LIC’s Jeevan Kiran is an Individual, Savings, Life Insurance plan. The Unique Identification Number (UIN) for LIC’s Jeevan Kiran is 512N353V01 .  This plan offers Life Cover with return of premium.  Excellent product for prospects desiring high Life Cover at reasonable cost.  Plan is available for  young people starting age of 18  and till the age of  65.  Plan has a  minimum  Sum Assured of Rs.15 lakhs  for moderate Life Cover.  The policy term varies from 10 years to 40 years .  The premium rates are different for  Non-Smokers  and  Smokers.  Premium payment can be made by way of Single Premium or by way of regular premium which is payable for the policy term.  For  Sum Assured more than Rs.50 lakhs, rebates are available on Tabular Premium.  The minimum instalment premium will be Rs.3000/- for Regular Premium policies and Rs.Rs.30000/- for Si

हेमा फाउंडेशन द्वारा नई शिक्षा नीति के अनुसार समग्र शिक्षा का पाठ्यक्रम देश को समर्पित

Image
by Shrutee K संस्कार, संस्कृति, सभ्यता एवं मूल्य शिक्षा के उत्थान हेतु समर्पित हेमा फाउंडेशन, आरआर ग्लोबल की सामाजिक गतिविधियों की एक परोपकारी इकाई है। फाउंडेशन का उद्देश्य है- “लोगों में मानवीय मूल्यों की चेतना जागृत करना, जिससे समस्त सृष्टि शांतिपूर्ण व सामंजस्यपूर्ण रूप से जीवन-यापन कर सके।“ इसी संकल्पना के साथ 25 जून 2016 को श्रद्धेय श्री गोविन्ददेव गिरिजी के करकमलों द्वारा नैतिकता से ओत-प्रोत व मानवता की प्रतिमूर्ति श्रीमती हेमा काबरा की पुण्य स्मृति में “हेमा फाउंडेशन” का शुभारंभ हुआ। फाउंडेशन के चेयरमैन व प्रबंध न्यासी श्री महेन्द्र काबरा जी ने कहा - भारतीय जनमानस में मानवीय मूल्यों की चेतना जागृत कर शिक्षित, संस्कारी एवं समृद्ध भारत के निर्माण की परिकल्पना साकार करने के लिए बच्चों को उनकी संवेदनशील आयु में संस्कारित एवं नैतिक शिक्षा प्रदान करने हेतु शैक्षणिक संस्थानों पर बिना वित्तीय बोझ डाले, अपने कॉर्पोरेट सोशल रिस्पांसिबिलिटी पहल के अन्तर्गत “हेम वर्च्यूज़” ई-लर्निंग पोर्टल के माध्यम से विभिन्न गतिविधियों के द्वारा यह अभिनव प्रयास किया जा रहा है। इसके साथ ही विभिन्न राष्ट्री

Ajmera Cityscapes and West Avenue Realty launch Atlantis as the Perfect Blend of Luxury and Modern Living

Image
by Shrutee K Ajmera Cityscapes and West Avenue Realty are thrilled to announce the launch of Atlantis, a    spectacular real estate joint venture project. Atlantis is a magnificent 18-storeys luxury tower    located at  Khar West.  With much anticipation, Atlantis, the pinnacle of luxury real estate, was unveiled on Friday,    July 7th, 2023. The event was graced by the esteemed presence of  MLA Shri    Ashish Shelarji  and  MLA Shri Parag Shah Ji as chief guest ,  MLA Atul Bhatkhalkarji, MLA    Ameet Satamji , MLA Yogesh Sagarji Honorary Guests , along with other prominent guests    who set the tone for the momentous occasion. The grand launch was followed by a delicious    lunch, adding to the festive ambience and making the event memorable.  We were thrilled to have had Piyush Gupta, Managing Director of Capital Markets and Investment Services India, with us. Piyush manages India's booming Capital Markets and Investment Services business while managing diverse investments across

Gauna Ek Pratha- A Riveting Tale of Love, Sacrifice, and Resilience Unfolds on Shemaroo Umang

Image
 by Shrutee K    Mumbai, June 2023: The fusion of Indian rituals and television shows has proven to be a successful combination, with many series centered around various traditions. However, one ritual that has been under the carpet is Gauna – a significant Hindu ritual that encompasses the consummation of marriage, still observed in the corners of India. Now, Shemaroo Umang has taken the baton to shed light on the subject with its upcoming show Gauna Ek Pratha. The family drama starring Krutika Desai as Gehna, Rohit Purohit as Gaurav, and Pravati Sehgal as Urvashi in the lead role, premieres from 10 July 2023 from Monday to Saturday at 9:30 PM.  The story of Gauna Ek Pratha follows the journey of Gehna and Gaurav, childhood sweethearts whose lives take a turn when Gaurav leaves their small town to pursue his dreams in the city, leaving Gehna behind. Determined to find her husband, Gehna embarks on a quest that leads her to encounter Urvashi, a woman who adds further complexities to t

Canara Robeco launches ‘Canara Robeco Multi Cap Fund’ to unlock equity opportunities

  by Shrutee K  New Fund Offer Period: July 7 - July 21, 2023  The Fund Manager investment strategy is aiming to combine portfolio stability along with Alpha generation   Mumbai, July 07, 2022:  Canara Robeco Mutual Fund, India’s second oldest mutual fund today announced the launch of Canara Robeco Multi Cap Fund, a solution that allows investors to benefit from the power of the equity markets and aims to generate long term capital appreciation through diversified investments in large, mid and small cap stocks.  The new fund offer invests across companies of different market capitalisations. While active management of the portfolio may help to generate good performance, and diversification will help reduce the overall portfolio risk.  "Canara Robeco Multi Cap Fund can be one of the good opportunities to create long-term wealth through both lumpsum and SIP mode of investment. Mutual Fund investors who are looking for a good balance between risk and reward and are prepared to stay i

HGH India - Indian home products market will continue to grow at 15% CAGR

Image
 by Shrutee K Sustainability & Innovation in Home textiles space – big theme for the Government of India 4 th July 2023, Mumbai: The 13 th edition of HGH India , the bi-annual trade show for Home Textiles, Home Décor, Home Furniture, Houseware & Gifts for the Indian domestic market, was inaugurated by Mrs. Rachna Shah, Secretary Textiles, Ministry of Textiles and Ms. RoopRashi, Textile Commissioner  at the Bombay Exhibition Centre, Mumbai. The architect fraternity was represented by special guests Mr. Hasmukh Shah, Chairman, IIID (Mumbai), Ar. Reza Kabul and Ar. Hiten Sethi . Commenting on the Home Textiles market in India, Secretary Textiles, Mrs. Rachna Shah said , “It is a great initiative by HGH India, to bring the industry together with brands, manufacturers, retailers, and wholesalers. They are supporting artisans as well. We have seen HGH India grow from strength to strength through the last 12 editions and this being the 13 th edition it is even bigger. The

Aditya Birla Education Trust Launches Mpower Foundation in Virar, Empowering Underprivileged Communities with Mental Health Support

Image
 by Shrutee K Mumbai, July, 2023: Mpower, a leading mental health initiative by The Aditya Birla Education Trust, is pleased to announce the launch of its latest Mpower Foundation in Virar, Palghar district. The Mpower Foundation, located on the 3rd Floor, Manukrupa Building, Survey No-252, Hissa No-01, Opposite Railway Foot over Bridge, Manvelpada Road, Virar East, Taluka-Vasai, Dist-Palghar, Maharashtra, aims to provide quality mental health care at a reasonable rate to the underprivileged and empower people living with psychosocial difficulties to lead meaningful lives, without social exclusion. The Foundation was launched by Ms Parveen Shaikh, Vice President Operations, Aditya Birla Education Trust, Dr. Ambrish Dharmadhikari, Psychiatrist, AVP – Clinical Operations and Rural Initiative Mpower by Aditya Birla Education Trust and beneficiaries who have been receiving support from Mpower’s flagship Foundation in Tardeo. Palghar district, known for its diverse population and unique c

Holy Family Hospital Celebrates National Doctors' Day with Special Program and Felicitation Ceremony

Image
by Shrutee K Mumbai, 1st July, 2023: Holy Family Hospital commemorated National Doctors' Day on July 1st with a grand celebration to honor the remarkable contributions of doctors in providing healthcare and saving lives. The event was organized in the hospital auditorium, featuring various activities and a public felicitation function. National Doctors' Day is observed annually on the 1st of July to mark the birth and death anniversary of Bharat Ratna Dr. B.C. Roy, a distinguished and exceptionally talented doctor. Holy Family Hospital took this opportunity to express gratitude towards the selfless service rendered by doctors and their relentless efforts in relieving the suffering and pain of humanity. Under the thoughtful initiative of Holy Family Hospital, a public felicitation function was organized to celebrate and recognize the remarkable contributions made by doctors. Several patients were invited to express their gratitude and appreciation for their treating doctors, eac

Pride Fest 2023 culminates at . Leading Organizations Collaborate for LGBTQ++ Community and Promoting Solutions to Challenges

Image
by Shrutee K Mumbai, June 30th, 2023 - Pride Fest 2023, a collaborative effort by P&G India, Godrej Capital, Senco Gold & Diamond, and The Lalit Suri Hospitality Group, aims to raise awareness about the challenges and concerns faced by the LGBTQ++ community, while also exploring potential solutions. As part of final leg of Pride Fest 2023 celebrations, , a special event called 'Samvaad' was organized to facilitate meaningful interactions between LGBTQ++ community representatives and the press. The Samvaad press interaction took place at The Lalit, Mumbai, with seven esteemed guests in attendance. These individuals represented a diverse range of backgrounds and perspectives, lending their voices to the ongoing dialogue about LGBTQ++ rights and inclusion. Ankur Bhagat, Chief Supply Chain Officer at P&G India, expressed his support for Pride Fest 2023, stating, “At P&G, Equality and Inclusion (E&I) has always been the cornerstone of our culture; where equal acc