The Category II Structured Credit Fund, launched by Avendus Finance -- the credit solutions arm of Avendus Capital -- is aiming to raise a corpus of Rs 250 crore from investors with a green shoe option of Rs 250 crore.
Moneycontrol charts the growth story of Avendus Capital and how it cracked the formula of most large digital investments in India, which includes a USD 80 million round in food tech firm Swiggy, this week.
Ashwani Gujral of ashwanigujral.com felt that the Nifty, although capped at 9,220 points in the short-term, will continue on its upward trend as long as it manages to remain above 9,000.
While some of these pioneering biggies, Kothari and Bansali, quit the space after selling DSP Merrill Lynch to Merril Lynch in 2005 and Enam Securities to Axis Bank in 2010, respectively, Kotak and Kampani became full-service financial players with focus on credit business. Kotak has even entered into the banking sector.
The asset management and investment advisory firm, a subsidiary of Avendus Capital - which focuses on private investment in public equity, has exited from Avendus Special Situations Strategy-II Fund (Avendus Fund II) portfolio.
Jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) today fixed the price band at Rs 120-126 per share for its Rs 210-crore initial public offering, that opens for subscription on April 24.
Jewellery retailer Tribhovandas Bhimji Zaveri will launch an initial public offering of shares on April 24, according to newspaper advertisements on Tuesday, a deal that sources said aims to raise up to Rs 200 crore.
Hindalco, an Aditya Birla company has earmarked USD 6.5 billion towards its domestic and international expansion plans, said chairman Kumar Mangalam Birla on the company's 52nd annual general meeting.