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IFR Asia ISSUER OF THE YEAR award goes to Reliance Industries Limited 🌱 — “BLOCKBUSTER PRODUCER Indian blue chip Reliance Industries balanced onshore & offshore funding to achieve optimal pricing results from supersized deals. In a tumultuous year for debt markets, it found increased demand from lenders as it reshaped its business to seize future opportunities Reliance has been one of India's standout corporate issuers for decades, but in recent years it has changed the profiles of both its business & its borrowing, & that showed in the success it had with jumbo issues in 2023 Mukesh Ambani's blue chip has stronger credit fundamentals than the Indian sovereign itself, & this continued financial strength comes even as RIL has reinvented itself The oil and gas business that was once its core is changing to reflect the push towards reducing carbon emissions & enabling India to meet its target of net zero emissions by 2060. RIL has moved to diversify itself & put an increased focus on consumer, digital &’renewable business lines The group's motto, "growth is life", has been reflected in its pursuit of new markets with more potential for expansion RIL's telco unit, Jio launched its consumer mobile business in 2016 & quickly became the market leader, while its retail business has delivered strong growth after partnering with overseas industry leaders Reliance Retail saw more than one billion transactions in FY23, delivering 44.7% Ebitda growth YoY "We have diversified significantly in the past few years, and now almost 50% of our earnings come from our consumer businesses," said Vineyesh Sawhney, head of financial resources at RIL. "We have dramatically changed our profile in the last few years with the building of the digital & the retail businesses both of which have immense potential for continued high rates of growth. We want to be able to provide almost everything a consumer wants through our retail business including its joint ventures. You can call Reliance a proxy for India's consumption story” That growth has required plenty of funding, & 2023 was not an easy year to raise financing. High US $ rates had finally fed through to Asia's offshore loan market, causing the primary market to freeze up, while corporate governance concerns at some other Indian corporates had an impact on investor sentiment. Meanwhile, the $ bond market was volatile & the cost of funding was far higher than onshore Despite this challenging backdrop, the Reliance had no trouble attracting lenders. RIL & Reliance Jio Infocomm both raised US$1.5bn-equivalent from syndicated loans across $ & Japanese yen tranches in Jan with an arranger group of 15 After attracting 40 banks in syndication, the borrowings were upsized by US$1bn each. The final tally of 55 lenders was the largest lending group in Asia Pacific since 2000 and made it the most widely syndicated Indian deal. (contd/- …https://lnkd.in/d3xAX3uy PTI https://lnkd.in/dZ7rx9pQ

ANGELONE LTD. Financials as in investment banking and brokerage Smallcap PE Ratio 24.78 Company is growing Debt on company is 0.270 Total revenue is increasing Net income is increasing from last 3 years Company provides broking services to the investors Total revenue - 2022 2023 TTM 2297.12 3021.11 3752.30 Quarterly - Jun sep dec 811.10 1049.30 1060.80 Net Income - 2022 2023 TTM 624.81 889.95 1052.50 Quarterly - Jun sep dec 220.80 304.50 260.30 Shareholding’s pattern - Promoter 38.24% Mutual funds 7.26% Other domestic institutions 2.06% Foreign institution 19.11% Retail and others 33.33% ROE 48.45% NEGATIVE NEWS BY COMPANY SEBI fines angel one for 10 lakhs rupees for regulatory norms POSITIVE NEWS BY COMPANY 43 lakh new demat accounts added in February, total count now stands at 14.80 crore (in india) Angel one has 2Cr+ demat accounts Angel one is one of india’s leading retail full-service broking houses Offers a wide range of innovative services including online trading and investing, advisory, margin trading facility, algorithmic trading, smart orders,etc. Super app is powerhouse of cutting-edge tools such as basket orders, gtt orders, SmartAPI, advanced charts and others that help you navigate capital markets like pro Angel one is an indian stockbroker firm established in 1996. Latest news 1. Capital Infusion: Angel One has raised ₹250 crore to bolster its technological infrastructure, including AI and analytics, and to expand its market presence. This investment aims to enhance its competitive edge in the rapidly evolving fintech space. 2. New Leadership: Manmohan Singh has been appointed as the Group Chief Risk Officer. With over 25 years of experience, he will lead the company’s risk management strategies, reinforcing its commitment to proactive risk mitigation. These developments reflect Angel One’s strategic focus on growth and stability in a dynamic financial environment. #StockMarket #Investing #Trading #StockTips #Finance #WealthBuilding #MarketAnalysis #StockTrader #PortfolioManagement #BullMarket #BearMarket

Did you know that ₹10.7 Lakh Crore is locked up annually due to delayed payments in the MSME sector? This financial distress results in: ⛔️ Disrupted cash flow ⛔️ Limited growth potential ⛔️ Increased borrowing costs But there’s hope with the MSME 45-Day Payment Rule! ✨ Dive into our latest blog to uncover how this rule is set to revolutionise the MSME landscape in India. 💼 Tap the link to learn more! 🔗🌟 https://lnkd.in/dTm8DfQA #msme #fintech #sme #startupindia #getvantage

Friday,5 April, 2024 Here are today's PESTLE updates impacting your areas of work execution Economic times √ Pay ₹244cr to Ericsson for Using 2G and 3G Patents, HC Tells Lava √ SP Group Co Raises ₹505 cr Debt from Asia Pragati √ HDFC Bank’s Q4 Deposit Growth Highest-ever at ₹1.6 Lakh crore √ RBI and NPCI Push for Bringing Down Cost of Remittances at WTO √ Sachin Bansal’s Navi Eyes $2b Valuation in New Funding Talks √ Brookfield, Platinum Slug It Out to Acquire PGP Glass ==================== Mint √ India to launch solar module databank as imports rise The Centre has reimposed the Approved List of Modules & Manufacturers for solar modules √ RBI defers norms on currency derivatives by almost a month √ Voda-Idea hires Jefferies, Axis, SBI for ₹20,000 crore FPO √ Global consortium nears deal to invest in Fourth Partner √ HCL to be IT’s star player in dull year Others may see Q4 revenue unchanged or fall sequentially =================== Financial times √ Kering buys Milan building for €1.3bn in Europe’s biggest property deal since 2022 √ Chinese fintech Ant Group targets global growth after Jack Ma’s exit √ Samsung signals end to chip downturn with forecast 10-fold jump in profit √ Oil tops $90 and stocks tumble as Middle East tensions jolt markets √ European house prices fall for first time in a decade √ Italy seizes assets worth €600mn in connection with alleged EU fraud ==================== Business standard √ GenAI platform Hanooman announces partnership with Abu Dhabi's 3AI Holding √ SFBs securitise loans worth Rs 9,300 crore to generate liquidity √ Bandhan Mutual Fund announces launch of the Bandhan Innovation Fund √ GE Aerospace to invest Rs 240 cr to upgrade Pune manufacturing facility √ HDFC Bank's gross advances surge 55.4% to Rs 25.08 trn in Q4 FY24 √ Education loan financier HDFC Credila to raise Rs 2,700 cr in fresh equity √ Google parent Alphabet weighs offer for $35 bn valued firm HubSpot √RBI defers implementing rules on exchange-traded forex derivatives to May 3 ================================================= Friday,5 April, 2024 Gold - open- 69840.00 prev close- 70037.00 ⬇️0.28% Silver- open- 79339.00 prev. close- 79984.00 ⬇️0.79%

The countdown to Mainnet launch is on! Highly attractive, risk-optimized yields that were typically accessible only to sophisticated and institutional investors will soon be accessible to everyone. But Kasu is more than just RWA lending… Kasu delivers proprietary technology that optimises businesses’ cash flows to improve credit risk, ultimately delivering superior risk management and higher quality yields. Others merely lend money. Kasu delivers deep value across the entire lending value chain. #RWA #Web3 #privatecredit #lending

NHAI’S Targeted Asset Monetization IN FY2025 Ashish Modani, Vice President and Co-Group Head, Corporate Ratings, ICRA provides insights on NHAI’s targeted asset monetization. Read More- https://lnkd.in/gG3zPqQ9 #NHAI #TOT #InvIT #InfrastructureInvestmentTrust #MonetizationPotential

CAPITAL MARKET UPDATE: SEBI (May 1, 2024) 1. Relaxation for change in PPM by AIFs Considering the cost of compliance on AIFs and to promote ‘ease of doing business’, SEBI has identified areas of relaxation, any changes in which in the PPM would not require due diligence certificate of a Merchant Banker. This relaxation will allow changes in the PPM to be filed directly with SEBI without going through the Merchant banker. Large Value Funds (LVFs) have been exempted completely and hence don’t require merchant banker for any change in their PPMs. Changes which don’t require merchant banker for intimation include write up on market opportunity, track record of IM, risk factors and legal & tax considerations.  https://lnkd.in/gc7UzPtD 2. SEBI introduces T+0 rolling settlement cycle SEBI has introduced the beta version of the T+0 rolling settlement cycle keeping in mind the development of technology and capabilities of the MIIs on optional basis along with T+1 cycle in equity cash market for a select number of 25 scrips with limited brokers only. All investors are eligible to participate in the T+0 settlement cycle and the same surveillance measures as of T+1 cycle will continue to apply. Further T+0 prices will not be considered for index calculations and settlement price computations. SEBI has also restricted netting of T+0 and T+1 obligations.  https://lnkd.in/gc9sfrDb #investors #angelinvestors #business #opportunity #entrepreneurs #legal #startupbusiness #startupindia #fintech #founders #incubator #ventures #networking #indiajuris #corporategovernance #funds #giftcity #corporate #investindia #sebi #aif #regulation #giftcity #ifsca #webinar #familyoffices #pe #vc #advisors #india #angelnetwork #finance #funds #pms #cs #ca #lawschool #hedgefund

Tuesday,12, 2024 Here are today's PESTLE updates impacting your areas of work execution Economic times √ Edelweiss Targets ₹2k cr from 1st Local Performing Credit Fund √India Remains World’s Largest Arms Importer, Russia its Top Supplier √CK Birla’s HIL Buys Pipes Brand Topline for ₹265 cr √ Aditya Birla Capital to Merge Aditya Birla Fin with Itself √ HDFC’s Realty Index Fund is Concentrated, Better for Long-term Investors √ Centre Working on Payment Security Mechanism to Buy 150,000 E-buses √ BlackSoil Bags ₹100 crore via Rights Issue √ Meet India’s Own ChatGPT-style AI Model Hanooman √ Sebi Chief Flags Bubble in Midcap, Smallcap Space ==================== Mint √ Gangwal offloads 5.8% in InterGlobe Aviation √ Central government notifies Citizenship Amendment Act √ Aditya Birla Fin to merge with listed parent firm √ IFC exits Religare amid Burmans’ tussle with Saluja √ Sebi chief flags risk of bubble in market Regulator in favour of common MF policy to protect investors =================== Financial times √ Thomson Reuters has $8bn war chest for AI-focused deals, says chief √ EQT to create $35bn integrated gas group with deal for pipeline business √ Everton FC bidder 777’s funding structure starts to unravel √ Mercedes-Benz boss calls for Brussels to cut tariffs on Chinese EVs √ Biden proposes higher taxes, spending and debt in $7.3tn budget √ Macron pushes far-right to show its colours on Russia ==================== Business standard √ PLI schemes will get India get investments in chip manufacturing: US √ Tata Group stocks fall amid IPO uncertainty, m-cap plunged by Rs 27,385 cr √ M&M posts 40% growth in SUV sales in Feb, overall production grows by 26% √ Aditya Birla Finance may merge with Aditya Birla Cap within next 12 months √ Rakesh Gangwal mops up Rs 6,786 crore from 6% stake sale in Indigo √ L&T Finance, L&T Infra Credit, 5 NBFCs surrender registration certificates √Bank of Baroda launches green term deposit scheme with 7.15% interest ================================================= Tuesday,12 March , 2024 USD/INR- Open- 82.7300 prev.close- 82.7700  ⬇️0.0332% GBP/INR - open- 106.1074 prev. close - 106.2894 ⬇️0.3808% EURO/INR- open- 90.5023 Prev.close- 90.5020 ⬇️0.0365% JPY/INR - open- 0.5632 prev close- 0.5630 ⬇️0.3197% BSE- open- 73,516.42 prev close- 73,502.64 ⬆️0.43% Gold - open- 65932.00 prev close- 66035.00 ⬇️0.12% Silver- open- 74459.00 prev. close- 74514.00 ⬇️0.01%

UPDATES of the day 22.07.2024 LEGAL MAXIM Status quo – State of things as they are now. SEBI Investors continue to bet big on SME IPOs despite SEBI concern The party in SME IPOs is continuing even as capital markets regulator SEBI has expressed concerns on run-away oversubscriptions, inflated listing prices and subsequent rally in these stocks. In line with bullish sentiments in the main bourses, about 56 SME companies raised ₹1,633 crore in the first quarter of this fiscal through initial public offering on the SME exchanges. This was much higher than the earlier record of about ₹1,000 crore raised by 34 SME IPOs in the first quarter of last year, as per Prime Database. Incidentally, SEBI has observed signs of manipulation at both the trading and issuance levels in the SME space. Madhabi Puri Buch, Chairman, SEBI recently said the regulator is working to introduce more disclosures to safeguard investors and use artificial intelligence to improve document examination besides moving towards automated supervision. Read more at: https://lnkd.in/g23HRT7m

IIFL FINANCE Q3 FY 24 CONCALL HIGHLIGHT :- >REVANUE 7% QOQ Q4FY24 >ROE GROWTH 16.13% >PAT GROWTH 29%YOY >AUM GROWTH ⬆️ 34% >EPS GROWTH 29% >NPA stood 0.9% >Loan book stand INR 18648 >Digital loan growth 35% YOY >MFI yield may come down by 50 basis points or next few quarters >4,500 branches, including all the subsidiaries >100 branches or 50 branches, then it still will be less than 5% or 10% of our total portfolio #IIFL_FINANCE #equityresearch