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Funding News
Global Fintech Series
3d
238
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Octane Completes $126 Million Asset-Backed Securitization
- Octane has completed a $125.76 million securitization backed by RV and marine collateral.
- The notes are collateralized by retail installment loans issued through Octane's in-house lender, Roadrunner Financial®, Inc.
- This is Octane's first transaction under its new RV/Marine shelf, denoted with the "RVM" ticker.
- The transaction received AAA rating from Standard & Poor's.
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Global Fintech Series
3d
146
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Wall Street Pepe Raises $32M in Presale for New Trading Insights Ecosystem
- Wall Street Pepe (WEPE) raises $32 million in presale for new trading insights ecosystem.
- WEPE aims to offer retail traders market insights, trading signals, staking features, and a community-driven trading reward program.
- WEPE tokens are priced at $0.000365 during the presale stage, and early buyers can stake tokens for rewards.
- Wall Street Pepe introduces the "WEPE Army" to empower retail traders with enhanced tools and resources.
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Bloomberg Quint
3d
194
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Vedanta To Trade Ex-Dividend Tuesday — Today Is The Last Day To Buy Shares For Eligibility
- Tuesday marks the ex-date and record date for Vedanta Ltd. shares, making today the last day for investors to purchase shares to qualify for the fourth interim dividend payout.
- Vedanta had declared a dividend of Rs 8.50 per equity share with a face value of Rs 1, and the record date for eligibility is set for Tuesday, Dec. 24.
- Under the T+1 settlement mechanism, investors must ensure their purchase is completed a day before the record date. This means shares bought on Monday will be settled in time for shareholders' names to appear on the company's records on Tuesday, securing their entitlement to the dividend.
- Investors aiming to benefit from the dividend must ensure their purchases are completed on Monday to be included in the company’s shareholder records on the record date.
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VIE Stories
3d
588
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Horticulture Platform Sahyadri Farms Raises $46 mn In Funding
- Indian horticulture platform Sahyadri Farms has raised $46m in its series B funding round.
- The funding round was led by responsAbility and GEF Capital Partners.
- Sahyadri Farms will use the funds to expand its climate-resilient table grape and citrus crops.
- The company also plans to upgrade its fruit processing and packing facilities.
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Bloomberg Quint
3d
822
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Shark Tank India Season 4 Judges: Check Which 'Sharks' Are In And Who Will Miss Out
- Shark Tank India Season 4 will feature new judges along with the existing panelists.
- The OG sharks Aman Gupta, Namita Thapar, Peyush Bansal, Anupam Mittal, and Vineeta Singh will be part of the show.
- Kunal Bahl and Viraj Bahl will join as new judges while Amit Jain, Deepinder Goyal, Radhika Gupta, and Ronnie Screwvala will not be part of Season 4.
- The show will premiere on Jan. 6 and will be exclusively available on SonyLiv.
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Bloomberg Quint
3d
55
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Bumper Listings Incoming: What GMP Trends Of Mamata Machinery, DAM Capital And Other IPOs Indicate
- The grey market premium of Mamata Machinery Ltd.'s IPO is at Rs 260, indicating a potential listing price of Rs 503 per share, with a profit expectation of 107%.
- DAM Capital Advisors IPO has a grey market premium (GMP) of Rs 160 per share, suggesting a listing day gain of 56.54%.
- Transrail Lighting IPO has a GMP of Rs 180 per share, indicating a potential gain of 41.67%.
- Sanathan Textiles IPO has a GMP of Rs 40 per share, implying an estimated listing price of Rs 361, representing a 12.46% increase.
- Concord Enviro Systems IPO has a GMP of Rs 50 per share, with an estimated listing price of Rs 751, resulting in a potential gain of 7.13%.
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Bloomberg Quint
3d
373
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Ventive Hospitality IPO: Check GMP, Day 2 Subscription Status, Price Band And More
- Ventive Hospitality IPO enters day two of bidding; was 0.71 times subscribed on its first day.
- Grey market premium for Ventive Hospitality IPO stands at Rs 29, implying shares may list at Rs 672 apiece.
- IPO consists purely of a fresh issue worth Rs 1,600 crore; price band set in range of Rs 610–643 per share.
- Ventive Hospitality operates 11 operational assets in India and Maldives, including JW Marriott in Pune.
- Blackstone owns 40% stake in Ventive Hospitality, which plans to use up to Rs 1,400 crore of IPO proceeds to repay debts.
- Ventive Hospitality holds a portfolio of 2,036 hotel keys across luxury, upper upscale and upscale segments.
- The company reported a net profit of Rs 166 crore and revenue of Rs 478 crore in last financial year; operating income rose by 27% to Rs 284 crore.
- Ventive Hospitality plans to increase its number of keys from 2,036 to 2,403 by FY 2028.
- Key risks include limited consolidated operating history, pro forma losses and vulnerability to changes in third-party operator and franchisor agreements.
- Ventive Hospitality IPO subscribed 0.85 times on Day 1; QIBs subscribed 1.05 times, NIIs 0.26 times, and retail investors 1.12 times.
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Global Fintech Series
3d
123
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Mastercard Finalizes Acquisition of Recorded Future
- Mastercard has completed its acquisition of Recorded Future.
- This acquisition will enhance Mastercard's cybersecurity services and real-time fraud scoring capabilities.
- Recorded Future's AI-driven threat intelligence will help in securing transactions against evolving cyber threats.
- The acquisition will enable Mastercard to better support its customers in their cybersecurity efforts.
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Global Fintech Series
3d
95
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AI-Powered Leap Financial Raises $3.5 Million Seed Round Led By Fuel Venture Capital
- Leap Financial has raised $3.5 million in a seed round led by Fuel Venture Capital.
- The Miami-based fintech startup aims to connect millions of people in the U.S. and Latin America through the fusion of fintech and AI.
- Leap provides a seamless service for cross-border money flows, specializing in embedded remittances and payments.
- The funds raised will help Leap respond to growing demand, strengthen its AI capabilities, and expand its partnership with Mastercard.
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Bloomberg Quint
3d
23
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Happiest Minds - $1 Billion Revenue Aspiration By 2031: Nirmal Bang
- Happiest Minds aims to achieve $1 billion in revenue by 2031, according to Nirmal Bang.
- Basis consensus expectations, Happiest Minds trades at a reasonable valuation of 35x/28x on FY26E/FY27E EPS of Rs 21/Rs 26, respectively, says Nirmal Bang.
- The company has been successful in increasing average revenue per active client, which contributes to a positive outlook.
- NDTV Profit offers quality and in-depth equity and economy research reports from top brokerages, providing subscribers an opportunity to enhance their understanding of companies and sectors.
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Bloomberg Quint
3d
250
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Linc Shares Tumble Nearly 10% On Bonus Allotment To Shareholders
- Shares of Linc Ltd. dropped nearly 10% after the company allotted 2.97 crore bonus shares to its shareholders.
- The bonus shares were allotted in a 1:1 ratio, resulting in a downward adjustment of the share price.
- The company aims to enhance liquidity and make equity shares more affordable for retail investors.
- Linc's stock fell by 9.4% during the day, trading at Rs 178.5 apiece on the NSE.
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VIE Stories
3d
43
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SustVest has Secured $1.7 Million in Pre-Series A Round Funding
- Sustainable investment platform SustVest has raised $1.7 million in pre-Series A round funding.
- The funding round was led by Inflection Point Ventures and Antler, with participation from other investors.
- The funds will be utilized for acquiring solar projects, scaling marketing efforts, strengthening operations, and covering legal expenses.
- SustVest specializes in sustainable investments in renewable energy and has achieved significant milestones in terms of assets under management and carbon emissions savings.
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Bloomberg Quint
3d
262
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Stocks To Buy: Tata Steel, JSW Steel Among ICICI Securities' Bets In Steel Sector
- ICICI Securities believes the uptick in HRC prices is unlikely to be as much as safeguard duty being on imports as the primary endeavour of steel companies would be to maintain their market share.
- DGTR has initiated the investigation of safeguard provisions pertaining to imports of non-alloy and alloy steel flat products into India.
- NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies.
- Subscribe to NDTV Profit to get access to curated newsletters, research reports, priority pass to special events, and more.
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Bloomberg Quint
3d
318
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Mamata Machinery IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- Mamata Machinery Ltd.'s IPO has been subscribed 47.65 times so far.
- The grey market premium of Mamata Machinery IPO is Rs 260, indicating a potential listing at Rs 503 apiece.
- The price band for the IPO is set at Rs 230 to Rs 243 per share.
- Promoters and selling shareholders will offer a total of 73.8 lakh shares through the offer for sale.
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19 Likes
Bloomberg Quint
3d
198
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Sanathan Textiles IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- Sanathan Textiles IPO was subscribed 1.43 times on day two and 0.45 times on its first day.
- The Sanathan Textiles IPO has a price band of Rs 305-Rs 321 per share.
- The estimated listing price based on the Grey Market Premium (GMP) is Rs 361 per share.
- The IPO consists of a fresh issue of Rs 400 crore and an offer for sale of Rs 150 crore.
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