One of the world’s largest money managers Vanguard Group’s India stock portfolio is faring poorly in the current calendar year, with nearly 60% of the 26 stocks languishing. Vanguard, which owns Indian stocks worth nearly Rs 36,000 crore through its various funds, has seen a decline in its portfolio value by Rs 664 crore in … Read more
Gagan Banga, VC & MD, Indiabulls Housing Finance, says: “We have now reached a stage where over the last four to six quarters, we stabilised the overall business, scaled up the retail disbursals and whatever are the targeted segments for growth, the disbursals around that are coming along at a good pace. At this point … Read more
Mumbai: The partly paid-up shares of Indiabulls Housing Finance Rights listed on Friday at ₹92 per share, as against its intrinsic value of ₹88.75, following a strong response to the rights issue last week. The stock surged to a 20% upper circuit after listing, closing at ₹106.50. The intrinsic value of the partly paid shares … Read more
Mumbai: Indiabulls Housing Finance on Sunday announced plans to raise ₹3,693 crore through a rights issue of equity shares with a face value of ₹2 each. The decision follows the approval by the company’s board of directors during their meeting on January 17, 2024. The company’s Securities Issuance and Investment Committee of the Board (SIIC) … Read more
