Stove Kraft Limited raises ₹185.68 crore from 32 anchor investors at an upper price band of ₹385 per equity share
Posted On: 2021-01-23 06:54:36 (Time Zone: Arizona, USA)
Stove Kraft Limited, one of the leading brands for kitchen appliances in India and one of the dominant players for pressure cookers and amongst the market leaders in the sale of free standing hobs and cooktops (Source: F&S Report, sponsored by the Company), allotted 48,22,890 equity shares to 32 anchor investors and raised ₹185.68 crore ahead of the company s proposed IPO at an upper price band of Rs 385 per equity shares.
The anchor allocation as follows:
Nippon Life India Trustee Ltd - A/C Nippon India Small Cap Fund - 10.77%
Bajaj Finserv Q3 profit up 15%
January 20, 2021
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Bajaj Finserv Ltd (BFS) reported a 15 per cent increase in third quarter consolidated net profit at ₹1,290 crore against ₹1,126 crore in the year-ago period.
BFS is the holding company for the various financial services businesses under the Bajaj Group. BFS participates in the financing business through its 52.74 per cent holding in Bajaj Finance Ltd (BFL) and in the protection business through its 74 per cent holding in Bajaj Allianz General Insurance Company Ltd (BAGIC) and Bajaj Allianz Life Insurance Company Ltd (BALIC).
BFL reported a 29 per cent decline in consolidated (including the financial results of subsidiaries Bajaj Housing Finance and Bajaj Financial Securities) net profit in the third quarter ended December 31, 2020, at ₹1,146 crore against ₹1,614 crore in the year-ago quarter.