by Vora Corporate Finance | Oct 23, 2023 | Articles, Capital Market Updates
RBI maintained the repo rates in the April policy meeting. The retail inflation also eased in April which should reflect favorably on RBI’s decision on rates on next MPC meeting also.The global banking crisis, that started in March, saw failure of one more large US...
by Vora Corporate Finance | Oct 16, 2023 | Insights, Private Equity & IPO
Transaction: Ambuja Cements Ltd announced the acquisition of 56.74% majority stake in Sanghi Industries Ltd at an enterprise value of Rs 5,000 Crore. The acquisition will be fully funded through internal accruals. The company will also make an open offer for 26%...
by Vora Corporate Finance | Oct 16, 2023 | Insights, Merger & Acquisitions
Transaction: Malaysian hospital chain IHH Healthcare BHD, through its wholly-owned subsidiary Gleneagles Development Private Limited, has acquired the remaining stake held by Ravindranath Kancherla and his affiliates in Ravindranath GE Medical Associates Pvt. Ltd for...
by Vora Corporate Finance | Oct 16, 2023 | Insights
Secondary Market Update: Indian Indices corrected marginally by Nifty 50 losing -2.53% and Sensex losing by -2.55% at 19,253.80 and 64,831.41 respectively. Our markets witnessed a consolidation phase for most of the August as Nifty traded within a broad range. The...
by Vora Corporate Finance | Oct 16, 2023 | Insights
The GDP growth came in at a solid 7.8% YoY in Q1 FY 2024 with both consumption and investment activity grew at a robust rate. This growth is quite significant since it has been achieved even though the government expenditure declined compared to Q1 FY 2023 and weak...
