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In 2024, Indian primary market bucked the two-decade trend of coming to a virtual standstill before a general election with record fundraising. Several issues are likely to be launched even in May as investors and companies are less uncertain about the outcome of the elections this year.
Aadhar Housing Finance IPO is a mix of fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore worth of shares by promoter BCP Topco.
Havells India has posted a PAT of Rs 449 crore, which is a 24% increase on a YoY basis while the company has recorded a YOY growth of 12% in its net revenue. The EBITDA grew by 80 bps, up from 10.9% to 11.7%.
Manappuram Finance had strategically acquired a significant majority stake in Asirvad Micro Finance as part of its diversification strategy. The initial acquisition occurred in February 2015, where Manappuram obtained a 71 per cent stake, , manappuram finance, stocks
Manappuram Finance first bought 71 percent stake in Asirvad MicroFinance in February 2015 which was later increased to 95 percent in June 2022.