Archive for July 31, 2019

Spandana Sphoorty Financial Limited: IPO to opens on August 5, 2019; Price Band from Rs. 853to Rs. 856 per Equity Share

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By K Vivek Mobile: 09920183006 Email: indianshowbusiness@gmail.com

(From L-R) Pritish Kandoi (ICICI Securities Limited),Sudhesh Chandrasekar (Chief Financial Officer, Spandana Sphoorty Financial Limited),Chirag Negandhi (AXIS Capital Limited),Padmaja Gangireddy ( Managing Director, Spandana Sphoorty Financial Limited), Abdul Feroz Khan ( Chief Strategy Officer, Spandana Sphoorty Financial Limited), Sunish Sharma (Nominee Director, Kedara Capital), Atul Mehra ( JM Financial Limited), Nipun Goel (IIFL Holdings Limited) at the announcement of company's Initial Public Offer.

 

Spandana Sphoorty Financial Limited (the “Company”), a rural focused NBFC-MFI with a geographically diversified presence in India, proposes to open its initial public offering (“IPO”) of Equity Shares on August 5, 2019. The Offer consists of a fresh issue of up to Rs. 4,000.00 million (“Fresh Issue”) and an offer for sale of up to 9,356,725Equity Shares, comprising of an offer for sale of up to 5,967,097Equity Shares by Kangchenjunga limited (“Corporate Promoter Selling Shareholder”); up to 1,423,114 Equity Shares by Padmaja Gangireddy (“Individual Promoter Selling Shareholder”); up to 796,509Equity Shares by Vijaya Siva Rami Reddy Vendidandi (“VSRRV”); up to 783,747Equity Shares Valiant Mauritius Partners FDI Limited (“Valiant”), 132,831Equity Shares by Helion Venture Partners II, LLC (“Helion II”); up to 129,732Equity Sharesby Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF 1 (“Kedaara AIF 1”); and up to 123,695Equity Shares by Helion Venture Partners, LLC (“Helion”) (together, “Investor Selling Shareholders”).

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UNION BANK OF INDIA REDUCES LENDING RATES UPTO 20 BPS ACROSS TENORS

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By K Vivek Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Union Bank of India has reduced Marginal Cost of Funds- based Lending rate (MCLR) upto 20 basis points across various tenors. The bank has reduced both overnight and one month MCLR to 8.10% from 8.25% and 8.30% respectively.

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PLEXCONCIL in association with “Plastic Manufacturers Association Rajasthan” organized an “Export Awareness Seminar”

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

 

 

 

 

 

 

 

 

 

 

 

 

 

Under the auspices of the Ministry of Commerce & Industry, The Plastics Export Promotion Council (PLEXCONCIL) organised an “Export Awareness Seminar” in the city in association with Plastic Manufacturers Association Rajasthan (PMAR) on Saturday, to give a boost to plastic exports from the State. Read more

iTV Network Launches ‘Aakhri Boond’, Mega Water Conservation Campaign

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

 

 

 

 

 

 

While the entire urban India is in the grip of water scarcity; several cities in the country have been grappling to the extent of living the “Day Zero”, when all taps in the city go dry for a day. Read more

Monsoon Tree Walk with Renee Vyas- SGNP

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

 

Monsoon Tree Walk with Renee Vyas

SUNDAY 4 August 2019.

Mumbaikars may wait desperately for monsoon but when it comes, there is little to rejoice about. Monsoon indeed slows down the city’s machinery but it’s not so in the city jungle i.e. Sanjay Gandhi National Park. Read more

iProspect bags Paid Media mandate for Chaayos

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Rubeena Sigh, CEO, iProspect India_hirespic

iProspect India, the digital performance agency from the house of Dentsu Aegis Network, has won the Paid Media mandate for tea cafe chain, Chaayos. Read more

THE COUNTDOWN TO YEAR 10 OF WEEKENDER BEGINS!

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

10 years old or 10 years young! As BACARDÍ NH7 Weekender, India’s largest multi-genre music festival, heads to its 10th year celebration on the gorgeous hills of Meghalaya on 1-2 November 2019 and back to the city it calls home, Pune on 29 Nov – 1 December 2019. Read more

Flora Saini to debut in the Bengali entertainment Industry

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Time for the hoichoi fans to rejoice! Dupur Thakurpo is back to sizzle your screens with all new Phulwa Boudi in its 3rd season. Phulwa Boudi will be played by none other than the charismatic actor, Flora Saini.

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‘Industry performs but concerns over occupancy remain’

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

 

 

 

 

 

Long election season spanning all over April and May, grounding of Jet Airways causing last minute flight cancellations and expensive alternate itineraries, followed by a harsh summer and travellers opting for overseas travel during holiday season have together contributed to reduction in occupancies across hotel segments and across key Indian cities. Read more

PRIDE HOTEL NAGPUR UNVEILS ‘CAFÉ PRIDE’ AND ‘TANGERINE LOUNGE BAR’

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By K Ashwin Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Pride Hotel Nagpur

Pride Hotel Nagpur has now unveiled Café Pride (the all-day Café) and Tangerine Lounge Bar. Read more