Tata Motors is selling stake in Tata Motors Finance.
Rumours are that SBI is in fray to get 50% stake in TMFL.
TMFL is the largest financier of vehicles made by Tata Motors with over two million customers financed. A media report had said SBI may pick up a 49% stake in the financing arm.
Shriram Pension Plan from Shriram Life Insurance
Shriram Life Insurance (SLIC) on Tuesday launched a unit linked premium plan – Shriram Pension Plan which gives clients varied options to
invest their money and receive maximum returns post-retirement.
The plan gives a unique feature of no life cover, which provides clients who do not require further life cover (or [...]
Future Ventures India is the next Big Bang IPO from private sector.
Future Ventures India is promoted by Kishore Biyani’s Future Group and its his Venture capital arm. Kishor had said in an interview that he is going to raise Rs.1000 crores for this company through IPO.
FVIL is in the process of filing Draft Red Herring [...]
L&T Finance Rs 1000 Crore retail bond issue.
L&T Finance said it plans to raise up to 1000 crore rupees via a retail bond sale that opens on Tuesday. The funds will be used to lend and invest, and for other operations including capital expenditure and working capital requirements.
“Currently there is no plan of inorganic growth [...]
Peerless Mutual Fund
Peerless is set to launch Mutual Fund by next year,
Peerless has got in-principle approval from SEBI
The company has been planning to launch a mutual fund for quite some time.
Meanwhile, Peerless signed a pact with private sector insurer Max New York Life Monday for distribution of Max Vijay insurance cum savings policies.
Max New York [...]
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