Inventory Evaluation, IPO, Mutual Funds, Bonds & Extra
Sure Financial institution in a regulatory submitting mentioned it has bought 68,80,149 shares of Eveready Industries.
Final Up to date: Feb 14, 2020, 03.53 PM IST
The personal lender in a regulatory submitting on Thursday mentioned it has bought 68,80,149 shares of Eveready Industries. At present costs, the transaction is valued at practically Rs 45 crore.
Earlier, Sure Financial institution mentioned the monetary outcomes for the third quarter ended December 2019 might be delayed and is anticipated by mid-March because the administration is “deeply engaged” in fund elevating train.
The lender mentioned the corporate has acquired non-binding expressions of curiosity from firms together with JC Flowers & Co. LLC; Tilden Park Capital Administration LP; OHA (UK) LLP (a part of Oak Hill Advisors); and Silver Level Capital.
“As you might be conscious, the financial institution is presently engaged in capital elevating. On this regard, we want to disclose that we’ve got acquired non-binding expressions of curiosity from a number of distinguished buyers.”
In the meantime, for the second time in two months, India Rankings (Ind-Ra) on Wednesday downgraded long-term issuer score on sure debt devices of Sure Financial institution to ‘A-‘ from ‘A’ and in addition maintained it on the score watch ‘damaging’.
The score company additionally mentioned it displays the continued delay and inconclusive quantum of the anticipated fairness infusion within the beleaguered financial institution.
Shares of YES Financial institution closed 4.57 per cent greater at Rs
Commenting characteristic is disabled in your nation/area.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service