The Burman family, which owns FMCG major Dabur India, is currently the single largest shareholder in REL and holds around 21% stake through its four group entities.
The financial services arm of Reliance Industries is looking to raise up to ₹10,000 crore through its maiden bond issue.
Investors are showing interest in credit-based financial companies with strong profitability indicators, but they are still hesitant to make new investments until they gain more confidence.
S.N. Subrahmanyan is increasing the share of services — financial & IT — in order to increase the margins of the conglomerate.
Rajeev Jain has led the Pune-headquartered company’s digital transition and launched new lines of businesses, adding to its heft.
The Burman group, through its group entities, will acquire another 26% stake in Religare Enterprises at an offer price of ₹272.45 per share, amounting to ₹2,116 crore
Nearly 87% of financial services consumers begin their journey online, with two-thirds finding online channels more helpful for purchase decisions
The share price of SBFC Finance listed at ₹82 on the NSE, a premium of 43.8% against the IPO price of ₹57 apiece.
Founder-CEO feels an integrated bank is a better proxy to play India financial services story and counter cyclicality
Last month, the board of Aditya Birla Group company had approved raising ₹3,000 crore in funding through equity and debt routes in one or more tranches.
