Tag: rights issue
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Adani Enterprises to Raise $2.8B via Rights Issue After Hindenburg Fallout
Adani Enterprises Announces Major Rights Issue After Market Turmoil Adani Enterprises has unveiled plans to raise 250 billion rupees (approximately $2.8 billion) through a rights issue, marking a renewed push for capital as the conglomerate seeks to move on from the stock market controversy that accompanied its previous equity fundraise. The move signals confidence in…
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Adani Enterprises Plans $2.8 Billion Rights Issue to Move Past Hindenburg Fallout
Adani Enterprises Announces Major Rights Issue Adani Enterprises, the flagship firm of the Adani group, has unveiled plans to raise 250 billion rupees (about $2.8 billion) through a rights issue. The move comes as the company seeks to move beyond the controversy sparked by its previous equity fundraising announcement and to bolster its financial position…
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Adani Enterprises Rights Issue: Plan to Raise $2.8B
Overview: Adani Enterprises announces a $2.8 billion rights issue Adani Enterprises said on Tuesday it plans to raise 250 billion rupees (about $2.8 billion) through a rights issue of shares. The move comes as the company tries to move past the stock-market turmoil and a blistering scrutiny sparked by a recent equity fundraising announcement. The…
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Utkarsh Small Finance Bank focuses on secured lending as JLG exposure falls
Q2 review signals a strategic pivot toward secured lending Utkarsh Small Finance Bank (SFB) disclosed a mixed yet strategically revealing performance for the September quarter. While the overall loan book contracted modestly, the lender’s approach to risk and funding appeared to be shifting in favor of secured lending and more stable deposit bases. The quarterly…
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Utkarsh Small Finance Bank shifts away from JLG loans as retail deposits rise in Q2 FY2024-25
Strategic shift: From JLG to secured lending Utkarsh Small Finance Bank (USFB) reported a mixed performance for the September quarter, underscoring a deliberate shift in its lending strategy. The bank’s overall gross loan portfolio (GLP) declined by 2.3% year-on-year to ₹18,655 crore, with a sequential dip of 3%. This contraction includes Inter-Bank Participation Certificates (IBPCs),…
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Utkarsh Small Finance Bank reduces exposure to JLG loans as retail deposits rise in Q2 FY2024-25
Utkarsh Small Finance Bank tightens focus on secured lending while growing deposits Utkarsh Small Finance Bank (USFB) reported a mixed September quarter, showing a deliberate pivot away from high-risk microfinance exposure toward more secured lending, even as overall loan growth slowed. The bank’s quarterly results underscore a strategy to de-risk its portfolio by reducing Joint…