Category Archives: Hindi_News

450 crore to raise flarewriting

Investor Profile

Mumbai- Flarewriting Industries, a leading manufacturer of pen and other writing materials in India, is planning to raise Rs 450 crore from the market. For this, the company has submitted a draft for the initial public offering (IPO) to the Capital Market Regulator, Indian Securities and Exchange Board (SEBI).

According to this draft, the company will raise Rs 450 crore via this IPO. Of this 330 crore will be in lieu of new equity shares while 120 crore will be mobilized through offer for sale (OFS). The promoter of the company Khubilal Jugraj Rath will raise Rs 24 crore by selling shares through OFS, while Vimalchand Gujarat Rs 18 crore and Nirmala Rathod, Manjula Rathod, Rajesh Rathod, Mohit Rathod and Sumit Kumar Rath will sell shares worth Rs 12-12 crore. Sangeeta Rath, Shalini Rathod and Sonal Rathod will raise Rs 6 crore by selling their equity shares.

The company will use the money collected from this IPO on machinery, which will cost Rs. 132.88 crores. While Rs. 69 crore on the construction of new factory building and related facilities, Rs. 40.49 crores for working capital and Rs. 15 crores as repayment of loans. Flair’s product is sold under its main brand Flair, while other brands, Pierc Cardin, Landmark and Rudy Kellner are also in its products. Since January 2017, the company has a special distributor of some special pen from India, while it sells 16 products under Pier Cardin.

The company produces products from its 6 manufacturing facilities. In this, there is the inclusion of Naigaon, Daman and Diu, Dehradun, near Mumbai. The company can sell 7 lakh equity shares through private placement which is equal to Rs 50 crore. Its book running lead managers include Axis Capital, Edelweiss Financial Services, etc.

IL & FS will have less problems


Mumbai- The problems of IL & Fs struggling with cash crisis can be solved. The chairman of LIC, the largest shareholder, says every attempt of the company’s bail-out will be done. LIC Chairman has said that to do everything possible to save IL & FS, though the decision to increase the share in the company will not be decided yet.

Explain that LIC has 25.34 per cent stake in IL & FS. Here, IL & FS has said that most shareholders are ready to invest in the issues of Rs 4,500 crore rights issue. According to sources, HDFC, who has a large investment in IL & FS, has said that the company does not want to participate in the rights issue. Additionally, HDFC has clarified that the company did not demand the place on the board of IL & FS. Although HDFC believes that good assets are available with IL & FS. HDFC’s 9.02 percent stake in IL & FS

IL & FS plans to sell 25 properties for repayment of 17 thousand crore rupees. The company has defaulted on 3 commercial paper so far this month. The group says investors have expressed willingness to invest in 14 out of 25 assets. The company says that selling of 25 assets will reduce the debt of 35 thousand crore rupees. Finance Minister Arun Jaitley and RBI Deputy Governor Riral Acharya can discuss the effect of IL & FS defaults. Discussion on NBFC exposure in IL & FS is also possible.

Selling pressure is falling on funds

Technical Analysis Guide

Shoppers missing in market

Mumbai: In the last few days, due to the sharp fall in the shares of NBFCs and the default of some of them has made the markets and investors unhappy, mutual funds are also worried about it. It is reported that many events have emerged in recent days due to the withdrawal of money from the schemes by mutual fund investors.

According to mutual fund houses, the withdrawal of Rs 5,500 crore has been done in two days from the liquid fund of DHFL Primerika, while its size is Rs 8,000 crore. Similarly, the withdrawal of about Rs 2,500 crore from the Tata Short Term Bond Fund and its size is Rs 5,000 crore. According to sources, much of the liquid and bond funds of several fund houses have been withdrawn and it is still in progress.

According to fund officials, this withdrawal will continue for the next few days and there is pressure on the fund houses. However on the other hand there are no buyers of corporate paper (CP) in the market. It is being said that investors who are liable for a small amount of money are being saved. If there is a debt in the ratio of equity and debt, then its concern is quite high in the market.

It is being said that buyers of AAA and AA-like papers are not available. In fact, the way DSP Blackrock Mutual Fund sold DHFL’s CP, there has been a lot of concern in the mutual fund sector and due to this, investors are now taking very careful steps. There is a lot of pressure on liquid and bond funds.

In a few minutes, 11,000 million submerged


Stocks in Mumbai-Deewan Housing Finance (DHFL) are down 60% during the business. The stock of DHFL on the BSE dropped 60 percent to the lowest level of Rs 246.25, which is the lowest level of 2 years of stock. A sudden drop in stocks has cleared more than 11 thousand crore rupees in minutes of the company. However, there was some recovery in the stock from the lower level later. Due to the large drop in stocks due to rumors of liquidity crisis in the company, the market capitalization of DHFL decreased by more than Rs 11 thousand crore rupees.

There is a rumor in the market that DHFL has defaulted in bond payments. On the other hand fear of liquidity crisis, there is a negative environment about DHFL stocks. Apart from this, the fear of decreasing margins from expensive Bond yields has worsened the environment. Due to this news, DHFL’s stock fell on the stock market. However, considering the concern of the investors, management has said that the company has not defaulted on any repayments.

Because of this, shares of other NBFC companies Can Fin Homes, Reliance Home Finance, Home Finance, Repco Home Finance and LIC Housing Finance fell 12 to 18 per cent to the 52-week low. PNB Housing Finance Breaks 9 Percent

Marketers scared investors


MUMBAI- The market moves on the last day of the week tremendously scare investors Suddenly there was a sudden sell-out in the market showing good growth in early business The Nifty broke up by 10,866.5, while the Sensex dipped below 36,000. In fact, other than Diwan Housing, the other selling in NBFCs was to spoil the market mood. On the other hand, after the weakness of NBFC companies, its impact gradually got noticed on the whole market.

Finally, BSE’s 30-share index Sensex has closed 280 points, i.e. 0.75 per cent, at 36,842 level. On the other hand, NSE’s 50-share index Nifty closed 91 points i.e. 0.8 percent and closed at 11,143 level. However, after this recovery in the fall, the investor was slightly happy after coming in recovery.

BSE’s mid-cap index was broken up to 14,800. Nifty’s mid-caps 100 index is close to 18,350 with a weakness of 2.5 percent. In today’s business, the Nifty mid-cap index 100 index was rolled 17,430. BSE’s smallcap index closed 3 percent down at 15,760. In today’s business, the BSE’s Smallcap Index was broken up to 15,170.

All sector indexes are closed in red marks only. Banking, realty, pharma, IT, auto and power shares have been beating fiercely. Bank Nifty closed below 25,600 with a weakness of more than 2.5 percent. However, buying has been seen in oil and gas stocks today. BSE’s oil and gas index closed up by 1.5 percent.

In the giant stocks, Yes Bank has 29 per cent, Indiabulls Housing 8.4 per cent, Bajaj Finance 4.8 per cent, Tech Mahindra 4.2 per cent, Kotak Mahindra Bank 3.9 per cent, ULL 3.8 per cent, Adani Ports 3 per cent, IndusInd Bank 2.4 per cent and Maruti Suzuki down 2 per cent. Has happened. However, Bharti Infratel, BPCL, IOC, HPCL, Hindalco, ONGC, Wipro, ITC, TCS and Asian Paints have climbed up to 3.8-1 per cent in the giants.

In mid-cap stocks, Central Bank, Reliance Infra, Adani Power, Wockhardt and Torrent Power have been rolling down 20-6.8 per cent. However, Rajesh Exports, Container Corp, Page Industries, Natco Pharma and Home Finance are up by 4.3-2.1 per cent in the mid-cap stocks.

In smallcap stocks, Deewan Housing, InfoBeam Avenue, IL & FS Transport, Indiabulls Real Estate and RPP Infra have broken down to 42.4-13.2 per cent. However, in the smallcap stocks, Mangalam Cement, Centum Electron, IntraSoft Tech, Phoenix Mills and Monnet Steel closed up to 9.6-4.9 per cent.