+91.33.4063 8358 contact@sarffin.com

Uncategorized

September 16′ 2016: Hero FinCorp raises Rs 1000 crore, aims at reaching asset size of Rs 35,000 cr by 2020

Hero FinCorp raises Rs 1000 crore, aims at reaching asset size of Rs 35,000 cr by 2020

Hero FinCorp today said it has raised Rs 1,000 crore fromChrysCapitalCredit Suisse and the Hero Group to fuel future growth over the next 12-18 months. 

The company aims to reach asset size of Rs 35,000 crore by 2020 from Rs 8,000 crore now. 

ChrysCapital led the current round by investing Rs 570 crore. The Hero Group has made an additional investment of Rs 300 crore in the latest round. Credit Suisse has invested Rs 132 crore. 

Pawan Munjal, chairman, Hero Group, said, “The financial services market in India, particularly the NBFCs, has witnessed steep growth in recent years and it still remains largely under penetrated. With Hero FinCorp, we aim to capitalise on this opportunity by providing credit power to financially excluded customers across the hinterlands of the country.”

 

http://economictimes.indiatimes.com/industry/banking/finance/hero-fincorp-raises-rs-1000-crore-aims-at-reaching-asset-size-of-rs-35000-cr-by-2020/articleshow/54345871.cms

August 19′ 2016: Singtel to buy 7.39% more in Bharti Telecom for $659 million

The move will strengthen Singtel’s foothold in India; Singtel to also acquire 21% stake in Thailand’s Intouch Holdings for about $1.14 billion

Singapore Telecommunications Ltd (Singtel) said on Thursday that it had signed an agreement with its majority owner Temasek Holdings (Pte) Ltd to purchase a 7.39% stake in Bharti Telecom Ltd, the holding company of India’s largest telco Bharti Airtel Ltd, for $659.51 million.

The deal will strengthen the foothold Singtel, South-East Asia’s largest telecom company, has in India, the world’s second largest mobile-phone market, where consumers are switching to smartphones from feature phones at a rapid pace.

Prior to the agreement with Temasek, Singtel already owned 39.78% of Bharti Telecom besides a direct stake of 15.01% in Airtel through its subsidiaries Pastel Ltd and Viridian Ltd.

With the latest deal, Singtel’s effective total holding in Airtel will increase to 36.27% from 32.94%, cementing its position as the largest shareholder in the Indian company.

The Mittal family owns just under a 30% effective stake in Airtel, largely by virtue of its 51% stake in Bharti Telecom.

Additionally, Singtel will acquire a 21% stake in Thailand’s Intouch Holdings Public Co. Ltd for about $1.14 billion. Intouch is the biggest shareholder in Thailand’s largest mobile operator Advanced Info Services Public Co. Ltd (AIS)

for more info:

http://www.livemint.com/Companies/bL1jZZdOhjoSkDsxK45vDJ/Singtel-to-buy-739-stake-in-Bharti-Telecom-Thailans-Into.html

Aug 12′ 2016: Hero FinCorp set to close PE fundraising worth $100 million

Hero FinCorp set to close PE fundraising worth $100 million

Hero FinCorp, which took birth as Hero Honda FinLease Ltd in December 1991, recorded a turnover of Rs771 crore in 2015-16 against Rs298.62 crore in 2014-15

Mumbai: Hero FinCorp Ltd, the financial services arm of India’s largest two-wheeler maker Hero MotoCorp Ltd, is close to raising around $100 million from private equity (PE) investors, two people aware of the development said.

Singapore investment firm Temasek Holdings Pte. Ltd and India-focused PE fund ChrysCapital LLC are in the final stages of talks with Hero, one of the two persons said. The deal could be closed within a couple of days, this person added, on condition of anonymity.

According to this person, both Temasek and ChrysCapital are equally keen on a stake and shares could be split between the two.

Hero FinCorp promoters, who had initially planned to sell 15% stake for $85 million may instead sell about 20-25% stake for $100-120 million, the second of the two persons cited above said.

Hero FinCorp planned to raise $100 million (Rs.650 crore) by selling a significant minority stake to PE funds to fuel its expansion into new areas, Mint reported in November last year. The company hired global investment bank Credit Suisse Group AG to find buyers and discussions had started, the Mint report added.

Spokespersons at Temasek and ChrysCapital declined to comment while an e-mail sent to Abhimanyu Munjal, chief executive officer at Hero Fincorp, and a spokesperson at Credit Suisse on Thursday went unanswered.

Hero FinCorp, which took birth as Hero Honda FinLease Ltd in December 1991, recorded a turnover of Rs.771 crore in 2015-16 against Rs.298.62 crore in 2014-15.

The non-banking finance company (NBFC) has a presence at over 1,000 retail financing touch-points across Hero MotoCorp’s network and has partnered with more than 200 satisfied corporate clients, according to the company website.

for more info, please click on the link below:

http://www.livemint.com/Companies/6mYZW1g0iEk4P7iPTR9UxL/Hero-FinCorp-set-to-close-PE-fundraising-worth-100-million.html

 

July 20′ 2016 – ICICI PRUDENTIAL LIFE listing may fetch Rs. 6500 crore.

ICICI Prudential Life could become the first major insurance company to be listed through an initial public offer after parent ICICI BankBSE -0.58 % decided to sell a part of its stake to the public. 

India’s largest private sector life insurer filed an offer document with regulators for an issue that could raise around Rs 6,325 crore for the parent while valuing the company at close to Rs 50,000 crore. 

The share sale is an exclusive offer by ICICI Bank and does not comp .. 

 

July – 18 : ICICI Prudential Life files DRHP for India’s first insurance IPO

http://www.livemint.com/Money/XfjmPqECkRunJI1NQ6pRQM/ICICI-Prudential-Life-files-for-Indias-first-insurance-IPO.html

June 26′ 2016 – THE CLEAN UP DRIVE BY SEBI

SEBI to delist 4200 Companies from stock exchanges to give exit to investors.

In a mammoth clean-up exercise, markets regulator Sebi is planning to push for delisting of over 4,200 listed companies whose shares are not being traded, and promoters refusing to give exit opportunity to investors would face strict penal actions.

These include over 1,200 companies whose shares are listed on national bourses BSE and NSE but where trading has been suspended for various non-compliance issues for over seven years. Besides, there are over 3,000 companies listed on various regional stock exchanges that have become defunct, Sebi Chairman U K Sinha said on Wednesday.

He also warned of strong action against the auditors who close their eyes to the lapses in the financial accounts of listed firms.

“So far, we have had a hands-off approach on auditors, but we will take action if something serious comes to our notice.

Auditors cannot go scot-free if they have been certifying the books for years without pointing finger at the lapses,” Sinha said.

The exercise for over 4,200 listed firms would be completed this year. Such exercises would be taken up going forward to clean up the market from what the Sebi chief described as “a source of nuisance”.

In an interaction here, Sinha said delisting of these companies is one of the key focus areas for the regulator in the current fiscal.

“We are going to reduce the number of listed companies. We have already reduced the number of stock exchanges by successfully closing several defunct or non-functional regional exchanges. They were centres of risk and there were series of litigations but we have won all of them.

“Now our target is to reduce the number of listed companies where no or little trading is taking place,” he said, adding that it was not something to be happy about to have maximum number of listed companies if there was no trading activity happening.

“There are two sub-sets — first there are over 3,000 companies exclusively listed on regional exchanges and then the second is the list of companies where trading has been suspended for a long time. To start with, we have decided on a seven-year threshold and there are over 1,200 such listed companies together on BSE and NSE,” he said.

http://www.huffingtonpost.in/2016/05/25/sebi-delisting-shares_n_10128340.html

June 25′ 2016 – LT Infotech IPO Update

Engineering major Larsen & Toubro (L&T) on May 25 said it will decide on when to launch the IPO of L&T Infotech in a week.

Read more at: http://www.moneycontrol.com/news/business/decisiontiminglt-infotech-ipoa-week-naik_6746121.html?utm_source=ref_article

HDFC Standard Life announces IPO

Read More At :
http://articles.economictimes.indiatimes.com/2016-04-19/news/72453378_1_hdfc-life-hdfc-ltd-insurance-arm

L&T Infotech’s IPO to go ahead with lower valuations

Read More At :

http://www.business-standard.com/article/markets/l-t-refiles-drhp-for-l-t-infotech-116041200875_1.html

RBL Bank one step closer to IPO launch

Read More At :
http://www.livemint.com/Companies/uhdM1VUW1R50DsqQY3WPGN/RBL-Bank-one-step-closer-to-IPO-launch.html

Helicopter operator Pawan Hans considers IPO

Helicopter operator Pawan Hans considers IPO

Read more at:
http://www.vccircle.com/news/transportation/2016/02/04/helicopter-operator-pawan-hans-considers-ipo

SEBI holds back green signal for RBL Bank’s IPO

Read More

L&T Infotech gets Sebi clearance for Rs 2,000-cr IPO

L&T Infotech, a subsidiary of engineering giant Larsen & Toubro, has received capital markets regulator Sebi’s approval to float an initial public offering (IPO) worth Rs 2,000 crore. The issue comprises an offer for sale of up to 1,75,00,000 equity shares of face value of Rs 1 each by Larsen & Toubro.

Read More

The Academic Writing Services Game

New Questions About Academic Writing Services Answered and Why You Must Read Every Word of This Report

academic writing services

The Academic Writing Services Chronicles

All of us is now helpful and very friendly to clients and prepared to encourage them 24 hour 7 days per week. Our crew of professionals won’t only serve you at the method but will also provide you with the work which you’ve consistently preferred. Our crew of specialist writers is prepared to operate all of your day long to work with you to achieve success in you producing, and even at the proceedings that you have only a few hours to make your essay, we can assist one to be calm since it is our job to become prepared for orders that are pressing.

The Way to Discover the Most Useful Growing Services

Our fee is commensurate using the top caliber of and reasonably priced. Our company is a dependable writing service which comes highly suggested. academic
It has been operating for a very long time in the industry company and obtained trust of a number of schools graduates.

The Way to Develop into a Freelance Writer

It’s possible for you to select the writer to make a couple changes on your newspaper, and also our authors are always well prepared to support simply because they are liable to their own endeavors also to see satisfaction may be the ideal decoration inside their impression. Our variety of products and services will be such that you’ll never become abandoned while the instructors introduced the mission in the brutal heat of composition that felt. Yield customers’ top level enables us gauge the amount of our service and so are certain that people would be the essay writing service.

To generate an educated argument you first must comprehend your composing. Any way, you’re able to dictate article writing that is urgent also it is going to be created potential. Your article has to be informed and also critical.

There’s not a issue we cannot correct! Our company’s target is always to offer article writing. Just before it is likely to compose a sociology paper you’ll require a business comprehension of the assumptions and expectations of this discipline.

When you purchase an essay from us, then you’re certain to relish approach because essay help supplied by our authors will be personalized depending on the needs you have. If you arent content with all this article it truly is your right to ask revision or modification. Writing assistance incorporates unique forms of documents.

Make Money Composing Online

In certain ways, the way is much enjoy the process at least that is the way or when writing using devoted writing software including as for instance Scrivener. For starters, fulfill assignment requirements and also you have to fill in the purchase form. It is likely to readily hire an internet support in minutes.

Always lay emphasis about the fact that a paper needs to be done with copy-pasting or no re-writing out of other orders. A research paper implies surveying an extensive subject of knowledge to be in a position to track down the information which you would like. Need to have a purpose a belief or central concept.

How to Compose a Superior Article

The coming tricky bit was attempting to change all of the notes to a document to export it to Word for your formatting, after the composing has been finished. You can come beneficial to attain this. You should recognize what sort of mission you require.

Why Everybody Is Talking About Gpa Calculator…The Simple Truth Revealed

Want to Know More About Gpa Calculator?

gpa calculator

Gpa Calculator Secrets That No One Else Knows About

He needs to be for the faculty in 6 or more credits in order. He will be eligible to re-enroll to the approaching session without prior permission from the dean. It is more probable that in the event you elect for this college you are likely to be able to as well if most pupils have the capacity to graduate in four years.

The Way to Get the Ideal School

If your college employs the scale or any of the others all you have to do is change the number of points related to meet with your own scale. In the event the student failed at the time of withdrawal, then the class level is F. Only students who’ve been successful in classes should look at getting the corresponding AP class.

It is possible to personalize the semester name to ensure it is simple to remember. To qualify for a NC level you must satisfy the requirements determined by the instructor. gpa
Needless to say, if these courses are required for a graduate education, then you’re likely to need to push yourself harder.

What You Should Do to Find Out About Gpa Calculator Before You’re Left Behind

How to Become an GPA

College classes with a grade of D can not be moved, but may be more re-taken. College is more costly than ever before. If accepted the student is going to be allowed for a session on academic probation.

Possible to enhance your GPA the quickest you should think about retaking classes which you have done poorly in. Pupils aren’t allowed to bring a semester class past the 15th day of the session. It’s possible to check GPA for as much as 15 courses utilizing this resource.

Another transcript for every student is demanded In most instances the recruiter will likely assume that you get a very low GPA. The information calculator illustrates what grades will have to be earned for a GPA and just how many hours wish to go taken.

The Way to Increase Your English Grammar

Analytical writing about the contrary hand requires pupils to compose essays. This tool is able to help you figure out the effect of retaking a class

This cell can continue being vacant in the event the program isn’t a repeat effort. FYAE is unable to reevaluate you in any class. You could be interested in such courses but you might not be prepared for the degree.

For folks who wish to seek success out they are most likely to should utilize the GPA calculator. You might have a hold on your account for a number of variables. From the present time that you get to some major assessments, a quantity of material is going to have been coated.

What Gpa Calculator Is – and What it Is Not

How to Obtain the Best Student Loan Application

The results are based on the data the student enters! Please return it to check whether you are entitled to attend when you fill out the application. A few of the places where pupils have access to computers and the Internet connected.

Contact to our Financial Advisors

Request an appointment                     Email Us