L&T Finance Ltd. (LTF), a leading Non-Banking Financial Company (NBFC) in India, has reported a significant growth in its profit after tax (PAT) for the second quarter ending September 30, 2024. The company’s PAT reached ₹696 crore, reflecting a 17% year-on-year increase from ₹595 crore in Q2 FY24. This growth comes despite sectoral headwinds and […]
In a major development, Aditya Birla Capital Limited (ABCL) announced that the Reserve Bank of India (RBI) has provided the crucial ‘no objection’ for its merger with its wholly-owned subsidiary, Aditya Birla Finance Limited (ABFL). This milestone marks a significant step in the company’s plan to consolidate its financial operations, creating a unified non-banking financial […]
Arman Financial Services Limited, a prominent non-banking financial company (NBFC) based in Gujarat, has disclosed its unaudited financial results for the first quarter ending 30th June 2024. The report, which follows Ind-AS guidelines, reveals a mixed performance amid economic headwinds and operational challenges. Consolidated Business Performance For the quarter, Arman Financial Services Limited reported a […]
Siguler Guff & Company, LP, a global multi-strategy private markets investment firm with over $16 billion in assets under management, has invested INR 240 crores for an approximate 3.5% ownership stake in Spandana Sphoorty Financial Limited (NSE: SPANDANA). Spandana Sphoorty is a leading rural-focused microfinance non-banking financial corporation (NBFC-MFI) based in Hyderabad. This strategic investment […]
IndoStar Capital Finance Limited (IndoStar), a distinguished player in the non-banking financial sector, has made a significant announcement that underscores its robust growth trajectory and strategic expansion plans. The company’s Board has approved a substantial fundraise of INR 456.6 crore through a preferential allotment of warrants, attracting investments from two major entities: Brookfield Asset Management […]