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Only two of the bidders, Acre ARC and Authum have bid for the whole company. Acre has bid in association with its largest shareholder Aries-SSG Capital. The other three bidders have bid only to buy out the retail loan portfolio of the company, these people said.
IHCL Q2 results: Co reports revenues at Rs 728 cr, losses narrow down to Rs 131 crIHCL's losses narrowed down to Rs 131 crore from Rs 252.09 crore in the corresponding period of the previous fiscal. IHCL had reported revenue from operations of Rs 257 crore in the same period last fiscal.
from Stocks-Marke… Read MoreLIC Housing Finance Q2 results: Net profit falls 69% to Rs 248 croreThe mortgage lender's net interest margin for the quarter dipped to 2% as against 2.20% in the June quarter, reflecting a fall in lending rates.
from Stocks-Markets-Economic Times https://ift.tt/3C5InWv
… Read MoreSouth Indian Bank Q2 results: Co posts net loss at Rs 187 croreThe old generation private sector bank's operating profit fell 71% at Rs 112 crore from Rs 391 crore in the same period. Interest income fell to Rs 1647 crore from Rs 1899 crore.
from Stocks-Markets-Economic Times https://if… Read MoreJSW Steel reports highest-ever net profits at Rs 7,179 crore in Q2 FY22“The company registered strong VASP (Value-added & Special Products) volume, with the share of VASP at 60% vs 51% in Q2 FY2021, driven by increased domestic sales to automotive, solar and appliance segments,” JSW Steel sa… Read MoreICICI Lombard Q2 results: Net profit rises despite increase in claimsNet profit increased to Rs 447 crore in the quarter ended September 2021 from Rs 416 crore a year earlier led by a 32 per cent growth in net premium earned and a 35 per cent increase in net income from investments.
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