Tue, Jun 28, 2022 9:42 AM
Up to $100 million fund raise to be discussed by Manappuram Finance Board
A Flip by Shubhra
Tata Communications has raised $250-million loan from ANZ, DBS and Export Development Canada for five years under the sustainability-linked loan (SLL) framework, chief financial officer Kabir Ahmed Shakir said. The company will look at the framework for long term debt financing and refinancing of existing debt, he said. Tata Communications’ debt was ₹9,126 crore as of the quarter ended March 2024.
Open Flip
Tyre manufacturing company MRF Limited on Friday reported a 7.6% decline in net profit at ₹379.6 crore for the quarter ending March 31, 2024. It reported consolidated net profit of ₹410.7 crore in the year-ago period. The company's board have announced a final dividend of ₹194 (1,940% on the face value of ₹10 per share). This is a developing story.
Open Flip
The fund has generated an absolute return of around 320 per cent. An investment of Rs 1 lakh becomes Rs 4.20 lakhs in this fund. Edelweiss Large Cap Fund Regular Growth The investment objective of this scheme is to achieve long-term capital appreciation by primarily investing in equity and equity-related securities of the 100 largest corporations by market capitalization listed in India.
Open Flip
