by Vora Corporate Finance | Oct 25, 2023 | Articles, Capital Market Updates
The Global Banking sector engulfed in a crisis as three U.S. Banks, including SVB, failed in March 2023, leading to turbulence in the banking stocks across the world. Crisis spread to European Banks also where number of bank stocks took beating and long troubled...
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...
