Brookfield, Cerberus, Deutsche Bank among lenders keen to fund Hindujas’ Reliance Capita bid
While major lenders have offered term sheets of up to ₹6,000 crore, smaller funds have shown interest in providing loans ranging from ₹800 crore to ₹1,000 crore, contributing to the larger financing package.
Digital or physical, cash is not king for reserve ratio
A person aware of the development told ET that according to current classifications, banks’ holdings of the CBDC could be eligible for other mandatory reserve requirements but not the CRR.
Jewels in govt crown give returns of up to 500% on OFS bets
OFS in state firms returned between 25 and 500% in 11 companies of the 17 in which New Delhi chose this route to dilute ownership. Only one offer is presently trading below OFS price.
High & buy, it’s Bajaj Auto on dips: Analysts
Both the brokerages have raised the target price for the shares by 3-5%. The average target price for the shares is ₹5,490, estimates from Bloomberg showed. While this implies that the stock is unlikely to gain much from the current levels, the shares are showing strength on technical charts.
Rates near peak, one can lock some money into Piramal NCDs
The secured NCDs have a face value of ₹1,000 and investors can apply for a minimum of 10 NCDs. The issue has a base size of ₹200 crore, with a green shoe option up to ₹800 crore, aggregating up to ₹1,000 crore and are rated ‘AA’ by ICRA and Care.