Abhishek Securities

Total Fund Raising - Bira91 The Delhi-based Bira 91 under its company B9 Beverages has raised $ 20 million in a bridge round through Sequoia Capital and Sofina. In 2019, the company had raised some $4.3 million is a pre-Series C round led by Sixth Sense Ventures. After this deal, the company was valued at $246 million.  In all, the company has raised a total of $130 million through different funding rounds. As per ET, the capital will help in the business expansion of Bira 91. The company plans to focus on increasing its market share in the premium section, Currently, the craft maker claims to hold 5% of the overall beer market and around 20% in the premium beer section in India.  With lockdown affecting the business across the country, the food and beverages industry has been majorly hit due to the closedown of pubs and restaurants across the country. Recently, during a webinar with Exchange for media, Deepak Sinha, VP-Marketing, Bira9 said, "It is about doing what is right f...

Summary of the latest results of NSE LTD : (FY 19-20) (CONSOLIDATED) Equity Share Capital - ₹ 49.5 Cr Reserves & Surplus - ₹ 8571 Cr Total Revenue - ₹ 3897 Cr PBT - ₹ 2525 Cr PAT - ₹ 1884 Cr BV - ₹ 174.35/Share FV - ₹ 1/Share EPS - ₹ 38.08/share Dividend Declared - 1100% or ₹11/sh Sandip Ginodia , Director ALTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 . Email : ginodiasandip1@gmail.com

Tamilnad Mercantile Bank (TMB) has disbursed over 10,000 fresh advances amounting to ₹ 927.63 crore under the Emergency Credit Line Guarantee Scheme (ECLGS). Sixty seven per cent of eligible accounts claimed the moratorium under the Covid-19 scheme, said the bank’s Managing Director and Chief Executive Officer KV Rama Moorthy. The Thoothukudi-headquartered bank has reported a 57.6 per cent increase in its net profit for the year ended March 2020 at ₹ 407.69 crore compared with the year-ago’s profit of ₹ 258.58 crore. Sandip Ginodia , Director ALTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 . Email : ginodiasandip1@gmail.com

Shares of Future Retail Ltd (FRL) have risen 52% so far this month. One reason for this optimism is that reports suggest Reliance Industries Ltd is one among the suitors for assets held by the Future Group, including stakes in FRL and Future Lifestyle Fashions Ltd. Note that RIL is India’s largest physical retailer, as on 30 March, with 28.7 million sq. ft of operating area, which includes Jio stores. RIL’s large offline presence will get a further boost if the reported deals with Future Group go through. At the end of the December quarter, FRL operated 16.1 million sq. ft of retail space, while Future Lifestyle had 7.5 million sq. ft. BofA Securities analysts said in a note to clients that if the reported deals fructify, margins are likely to improve due to improving scale. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm ...

After being driven out of the buyers’ radar, almost, Indian mobile companies are eyeing a resounding comeback fueled by the strong anti-China sentiment in the country. Taking a cue from Micromax , Lava may also be looking to step in to cash in on the void that may be created after the calls for boycotting Chinese products have started in the country. A new Lava smartphone, called Lava Z66, has been spotted on benchmark website Geekbench hinting at a potential launch in the days to come. OEMs are known to test their products on benchmarking sites before commercially releasing them, and Lava seems to be doing the same. However, this is the first time we’ve heard about this device, and Lava hasn’t given any hints of a launch so we will still have to wait and watch out on this one. In any case, the Geekbench listing has revealed some key specifications of the Lava Z66.  Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of exp...

UTI Asset Management Company (AMC) has received markets regulator Sebi's go ahead to raise a little over Rs 3,000 crore through its initial public offering (IPO). The IPO of the country's largest asset management company in terms of total assets under management (AUM) comprises sale of 3,89,87,081 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). State Bank of India (SBI), Life Insurance Corporation (LIC) and Bank of Baroda are offering to sell 1,04,59,949 shares each, while Punjab National Bank (PNB) and T Rowe Price International are planning to offload 38,03,617 shares each. The public offer is expected to raise a little over Rs 3,000 crore, market sources said. UTI AMC, which had filed draft papers with Sebi in December 2019, obtained its observations on June 16, latest update with the markets watchdog showed. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . ...

Mumbai-based  Nazara Technologies  has been on an expanding spree in online gaming sector. Founded by  Nitish Mittersain  in 2000, the global gaming and sports media company boasting of a network of more than 100 million users in the country has invested in several viable start-ups over the last 18 months, including Nodwin Gaming, Next Wave Multimedia, Sportskeeda, Mastermind Sports, Paper Boat Apps, Moonglabs Technologies, CrimzonCode, Bakbuck and InstaSportz. Having business operations in over 64 countries,  Nazara Technologie s is now in the headlines for increasing its stake in HalaPlay by buying  Kae Capital ‘s stake for  14.6 Crores . This huge investment in HalaPlay makes the company the majority stakeholder in the leading fantasy sports platform. “The company has now gone ahead and bought Kae Capital’s stocks in Halaplay making it the majority investors in the fantasy sports vertical,” a statement by Nazara Technologies read. Sandip Ginodi...

The meeting of the stakeholder's Relationship Committee, Nomination and Remuneration Committee, Audit Committee and the Board of Directors of the Company will be on Monday, 29th June 2020, to consider, approve and take on record the Audited (Reviewed) Financial Result of the company for the Quarter and Year ended on 31st March 2020, as well as to dispose of other items as listed on the Agenda fixed for the respective Meetings. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

Online retailer Paytm Mall is in talks with e-grocer Grofers India Pvt. Ltd for a potential investment or a merger. Japanese conglomerate Soft Bank, a common investor in Paytm Mall and Grofers , initiated the deal talks, the people said . For Soft-Bank , the push to bring the companies together is largely aimed at helping Grofers   access Paytm Mall’s about $170 million cash on hand to extend its runway.   Separately, Patym Mall has also held discussions to invest in or acquire milk delivery start-ups Milk-Basket, as it explores multiple other options in the online grocery segments. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

Utkarsh Small Finance Bank expect its loan portfolio to grow at a slower rate of 15-20 percent for FY21 on account of lockdown impact. The expected loan growth in 2020-21 is significantly lower than the 40 percent growth in the company’s loan portfolio in 2019-20. The gross loan portfolio in 2019-20 stood at Rs.6660 crore. The lender which began operations as a small finance bank in 2017, transiting from a microfinance lender since 2009, recorded nearly two-fold jump in net profit at Rs.186.74 crore in the last financial year as against Rs 93.89 crore in 2018-19.The bank’s income operations too jumped by 48 percent to Rs.1307.68 crore in 2019-20 from Rs.881 crore a year ago. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

The much-awaited initial public offering (IPO) of UTI Asset Management Company (AMC) is facing a delay in obtaining approval from markets regulator Securities and Exchange Board of India (SEBI), even after six months of filing its offer document. People in the known said Sebi has reservations over certain compliance issues. These include appointment of the permanent chief executive officer (CEO) and alleged violation of overseas investment norms by the fund house involving its Mauritius entity. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

Home grown private equity firm, Kedaara Capital Fund II LLP, completed the investment of Rs.567.31 crore, including primary capital infusion and purchase of 6.39% stake, in Religare Health Insurance Co Ltd on 2 nd June. The transaction comprises Rs.300 crore woth primary capital directly infused by Kedaara Capital into health insurer. The capital includes Rs.100 crore fresh capital , in addition to its initial commitment on 7 th February of infusing Rs.200 crore in the insurer. Kedaara’s subsidiary, Trishikhar Venture LLP bought 6.39% stake in the insurer for Rs.267.31 crore, trimming Religare Enterprises’ shareholding in the company to 72.02%. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

Suryoday Small Finance Bank Ltd has raised Rs.62.14 crore in equity funding through a private placement offer from five of its existing investors including Gaja Capital, private insurer Kotak Mahindra Life Insurance Co.Ltd, said a senior official at the scheduled commercial bank in an exclusive interaction. Three other investors that helped the Navi Mumbai based bank in raising funds include-Impact investor Lok Capital, New-York based financial services firm Teachers Insurance and Annuity Association fund (TIAA), and Kolkata-based LNB Group's investment arm Kiran Vyapar. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For latest prices visit :  www.abhisheksecurities.com/unlisted.htm  / call : 09830271248 . Email :  ginodiasandip1@gmail.com

According to a report "Gaming-India Story" released by boutique investment bank Maple Capital, Advisors, the investment in the industry expanding at a compound annual growth rate of 22 per cent and is currently valued at $930, million. The bank expects the industry to grow at 41 per cent annually due to the growth of digital infrastructure and substantial rise in quality and engaging gaming content. The current lock down in the country has also given a renewed push to gaming, with consumption growing at least 20-30 per cent despite significant impact on live sports,a big driver of fantasy sports gaming. Man gaming platforms are Games2win, Moonfrog Labs, Junglee Games, 99 games, and Nazara Technologies. The key trends in the Indian gaming space are multi player formats increasing,investors showing more interest in Indian Gaming startups, more and more people considering gaming as a career and increase in consumption and creation of local Indian gaming content. Sandip Ginodia ,...

Fino Payments Bank Limited (FPBL) announced that it turned profitable at the operating level for the financial year 2019-20. This feat is achieved within three years of the bank starting operations in July 2017.This makes FPB the only standalone profitable payments bank that works solely on RBI's financial inclusion objective by improving banking access predominantly in rural India. For FPB domestic remittance (urban to rural) transaction accounted for over 40% of the FY 19-20 through put,making the bank a top five player in the IMPS business. Further ,FPB transformed the rural banking landscape by facilitating micro ATM and AePS led digital transaction (withdrawals), which contributed to over 30% to the business. As more people experienced the convenience of banking from Fino platforms, the Bank's CASA customers base increased by over 65% in FY 19-20. Sandip Ginodia , Director   A LTIUS INVESTECH PVT LTD We deal in over 60 unlisted companies with 15 years of experience . For l...