Abhishek Securities

The low cost carrier said it has joined hands with Go Digit Insurance Limited through its Digit Illness Group insurance Policy to offer this insurance cover. SpiceJet  passengers can now avail an insurance cover for COVID-19 hospitalisation by paying a minimum premium of Rs 443, the airline said on Wednesday. “Passengers can opt for the insurance cover ranging between  50,000 to  3,00,000 at a premium for as low as  443 to  1,564 a year (including GST),” the airline said in a press release. “The insurance covers hospital expenses and all pre and post hospitalisation expenses for 30 and 60 days respectively. The comprehensive cover includes tests, medication and consultations upon testing positive for COVID-19,” it added. The low cost carrier said it has joined hands with Go Digit General Insurance Limited through its Digit Illness Group Insurance Policy to offer this insurance cover. “This insurance has no restrictions on room or ICU rent. This implies there is ...

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

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

Telangana leads in No. of New Investors. Number of registered investors on the BSE crosses 5-Crore mark in June. Maharashtra marked 4.90 Lakh new registration in June Quarter. Gujarat added 2.17 Lakh New Investors. Uttar Pradesh added 35.15 Lakh more investors. Tamil Nadu added 33.31 Lakh and West Bengal 31.94 Lakh investors.         The lockdown has seen more people dabbling in the stock market and Telangana has led the trend, clocking a quantum jump in the number of new investors joining the stock rush.                 The number of registered investors of the BSE crossed the 5-Crore mark this month, at 5.03 Crore as on 7th June, thanks to new additions of over 23.65 Lakh investors during the April-June 2020 Quarter.                  Among the states Telangana registered the highest quarterly (11.63 per cent)  and annual (119.8 per cent) rise in the number of investo...