FINANCE TODAY

 by Samiksha Chogule Thane, 31 July 2023 – Raymond Realty, the real estate arm of Raymond has expanded its presence in the Thane market with the launch of its fourth project Address by GS 2.0. Having received unprecedented success in its first three projects, the launch of The Address by GS 2.0 showcases the soaring popularity of Raymond Realty as a real estate developer in the MMR region. After the successful launch of the first phase of The Address by GS and the recent handover of the first phase of TenX Habitat, Raymond Realty is emerging as a strong player in the real estate segment. Speaking about the latest venture of Raymond Realty, Harmohan Sahni, CEO Raymond Realty said; “The Address by GS 2.0 is testimony to the surging popularity of Raymond Realty in Thane region. Having delivered our maiden project 2 years ahead of RERA timelines, this is yet another finest creation that is poised to set new benchmarks in the field of construction. The overwhelming success of our first ...

by Samiksha Chogule Price Band of Rs 54 – Rs 57 per equity share bearing face value of  Rs 10 each (“Equity Shares”)  Bid/Offer Opening Date – Thursday, August 3, 2023 and Bid/Offer Closing Date – Monday, August 7, 2023.  Minimum Bid Lot is 260 Equity Shares and in multiples of 260 Equity Shares thereafter.  The Floor Price is 5.4 times the face value of the Equity Share and the Cap Price is 5.7 times the face value of the Equity Share. MUMBAI, JULY 31, 2023 : SBFC Finance Limited (”Company”) is a systemically important, non-deposit taking non-banking finance company (“NBFC-ND-SI”) offering Secured MSME Loans and Loans against Gold, with a majority of its borrowers being entrepreneurs, small business owners, self-employed individuals, salaried and working class individuals has fixed the price band at Rs 54 to Rs 57 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Thursday, August 3, 2023, for su...

 by Samiksha Chogule Concord Biotech Ltd initial public offering (IPO) opens for subscription on Friday, August 4, and closes on Tuesday, August 8. The allocation to anchor investors for Concord Biotech IPO is scheduled to take place on Thursday, August 3. Concord Biotech IPO price band has been fixed in the range between ₹705 to ₹741 per equity share of face value of ₹1 each. Concord Biotech IPO lot size is 20 equity shares and in multiples of 20 equity shares thereafter. Rekha Jhunjhunwala -backed Concord Biotech IPO consists of a pure offer-for-sale by Helix Investment Holdings Pte Ltd. of up to 20.93 million shares. The issue offer is priced at ₹1,550 crore on the upper band, and the firm is worth ₹7,752 crore. 20% of the company is owned by Helix Investment Holdings Pte Ltd, which is backed by Quadria Capital Fund LP, an Asian private  equity fund  with a focus on healthcare. Rakesh Jhunjhunwala owned 24.09% of the company through hi...

 by Samiksha Chogule  Life Insurance Corporation of India introduced a new plan, LIC’s Jeevan Kiran (Plan No. 870)  with effect from 27th July 2023.  LIC’s Jeevan Kiran is an Individual, Savings, Life Insurance plan. The Unique Identification Number (UIN) for LIC’s Jeevan Kiran is 512N353V01 .   ·          This plan offers Life Cover with return of premium.  ·          Excellent product for prospects desiring high Life Cover at reasonable cost.    ·          Plan is available for  young people starting age of 18  and till the age of  65.  ·          Plan has a  minimum  Sum Assured of Rs.15 lakhs  for moderate Life Cover.  ·          The policy term varies from 10 years to 40 years .  ·    ...