Abhishek Kothari

About 6% of microfinance borrowers have loans from four or more lenders, with a similar percentage exceeding ₹2 lakh in borrowings, according to Alok Misra, CEO, Microfinance Industry Network.

Bajaj Finserv aims to clock ₹3 lakh crore in total income by 2028-29 financial year, up from ₹1.1 lakh crore in FY24. It has set the target at ₹20,000 crore for profit after tax (PAT) for the next five years.

Block Deal

Awfis Space Solutions Share Price | On Tuesday, December 10, CNBC-TV18 had reported, citing sources, that the company's promoter Peak XV Partners Investments as well as shareholders Bisque Ltd and Link Investment Trust were likely to sell 12.2% stake in the company via a block deal.

Shriram Finance has sold its 84.44% stake in Shriram Housing Finance to Warburg Pincus for ₹3,929 crore, marking a strategic shift to focus on core operations and growth.

Zaggle Prepaid Ocean Services is likely to launch a Qualified Institutional Placement (QIP) worth ₹950 crore in the next two weeks, sources with knowledge of the matter told CNBC-TV18.

Promoters of Gravita India held a 63.37% stake in the company at the end of the September quarter.

Kalpataru Projects International Ltd. has launched a qualified institutional placement (QIP) to raise ₹1,000 crore, people in the know told CNBC-TV18.

The QIP is likely to see an equity dilution of 7% at a price of around ₹2,100 per share. The price is a 6.7% discount to the current market price. Shares of Gravita India Ltd ended at ₹2,239.05, up by ₹42.80, or 1.95%, on the BSE.

RBL Bank and Cholamandalam Investment stocks fell due to brokerage concerns over asset quality, slowing growth, and margins. Citi flagged RBL's microfinance stress and NIM pressure, while InCred downgraded Cholamandalam citing weak CV demand and rising expenses.