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Guidelines for MFDP issued - Newspaper

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday issued guidelines for Mutual Fund. ....

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NBFC Magma Fincorp net loss widens to Rs 648 crore in March quarter

Read more about NBFC Magma Fincorp net loss widens to Rs 648 crore in March quarter on Business Standard. The company had posted net loss of Rs 355.08 crore during the January-March period of FY20 ....

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Sundaram Finance records 59.5% jump to Rs 209 cr in Q4 profit after tax

: Non-Banking Finance Company
Sundaram Finance Ltd has reported a 59.5 per cent jump on its fourth quarter Profit After Tax at Rs 209 crore.
Sundaram Finance had registered consolidated PAT at Rs 131 crore during corresponding the quarter last year.
For the year ending March 2021, the company registered a profit after tax at Rs 809 crore compared to Rs 724 crore in the same period last year.
Excluding the one-time gain of Rs 53 crore (on sale of equity shares in Sundaram Finance Holdings Ltd) in FY20, net profit grew by 21 per cent on a like to like basis , the city based company said in a statement on Friday. ....

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Sundaram Home Finance mulls raising Rs 2,500 crore to fund growth

Read more about Sundaram Home Finance mulls raising Rs 2,500 crore to fund growth on Business Standard. Sundaram Home Finance is a wholly-owned subsidiary of non-banking finance company Sundaram Finance Ltd ....

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Ujjivan Financial slips after shareholders reject Samit Ghosh as MD & CEO

Ujjivan Financial Services fell 1.57% to Rs 204.10 after a special resolution to appoint Samit Ghosh as MD and CEO of the company was defeated as it didn t get the requisite share of votes.
As per the regulatory filing, the company had put to vote a special resolution to appoint Samit Ghosh as the managing director and chief executive officer of Ujjivan Financial Services for a period of 3 years w.e.f. 1 May 2021.
The proposal only garnered 70.5271% votes in favour while 29.4729% votes were casted against the proposal. Since this was a special resolution, it needs 75% votes in favour to be passed.
Another special resolution to approve the re-appointment of Abhijit Sen as an independent director of the company for a period of 5 years w.e.f. 13 September 2021, was also defeated. The proposal only garnered 70.5815% votes in favour while 29.4185% votes were casted against the proposal. ....

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