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TCG ADVISORY SERVICES
PMS Tracker: Nirmal Bang, Purnartha Investment, Valcreate post gains of up to 11% in FebruaryPortfolio management strategies delivered mixed returns in February, with a few quantitative and multicap portfolios outperforming while se...- SBI invested Rs 714 crore in TCG’s Gurugram projectThe State Bank of India invests Rs 714 crore in TCG Urban Infrastructure for the World Trade Centre project in Gurugram. With a total cost ...
- Stock market recoiling from oil shock but cash looks like only safe havenThe S&P BSE SENSEX Index declined 2.7% on Monday and gained 1.1% on Tuesday, trimming the losses this year to 8.3%. The failure of the inde...
- RBI rejects Religare Finvest's proposal to rename itselfAs per the RBI's regulations, lenders cannot restructure loans of borrowers tagged as fraud, unless there is a change in management. Lender...
- Paytm wild ride continues as stock sinks again ahead of earningsAhead of the results, Paytm’s shares dropped as much as 7.7% in early Mumbai trading on Friday. While the stock had jumped about 32% over t...
- TCG Digital & Lummus Technology form joint ventureThe JV will work with Lummus' existing customers and potential customers to implement digital analysis and operative solutions to their ref...
- Religare gets interest from some investors for RFL; introduces them to lendersAccording to banking sources, Religare Enterprises introduced a couple of investors for RFL to lenders in a meeting with bankers held recen...
- Religare Enterprises climbs 3% on Religare Finvest stake sale talksThe group is expecting to finalise a binding agreement with the investor by the end of the year, ET reported.
- Religare in talks to divest majority stake in lending armPeople familiar with the matter said that Religare has been in discussions with a local strategic investor with interest in the BFSI space ...
- Religare Finvest creditors have time till Jan-end to sign pactReligare Finvest owes lenders a total of Rs 5,800 crore in working capital and term loans.
- Religare Finvest: Rare debt recast among India’s shadow banks may see 49% haircutAny debt restructuring at Religare Finvest would be first among peers since the crisis started in 2018.
- Stocks in the news: YES Bank, LVB, CG Power, Religare Enterprises and DLFIndependent director Supriya Prakash Sen has resigned from LVB board.
- Religare to sell its stake in NBFC arm to TCG Advisory for Rs 330 croreThe companies signed a share purchase agreement on Tuesday, it said. The parties had signed a binding term sheet on July 10.
- Religare to sell NBFC arm to TCG Advisory for Rs 330 croreThe funds will be utilised to repay the outstanding loans to group companies.
- Religare to sell finvest stake to Chatterjee GroupReligare Finvest is a non-banking financial company that focuses on lending to small and medium enterprises.
- Religare hits 10% upper circuit on stake sale in Religare FinvestReligare Finvest reported total revenue of Rs 795.66 cr for FY19 and a net worth of Rs 946.85 cr.
- Stocks in the news: DHFL, IndiGo, Aurobindo Pharma, Religare and GTPL HathwayNCLT dismissed a petition by HDFC to initiate insolvency proceedings against RHC Holding.
- Mark the stocks of Indian firms that are getting jittery about Brexit voteShould the outcome of the ‘Brexit’ vote lead to a disruption, it would create a lot of uncertainty, potentially hurting their investments i...
- Karvy Realty's CEO Aanandjit Sunderaj resignsKarvy Realty's CEO Aanandjit Sunderaj has resigned from the company, said people familiar with the development.
- VLCC to buy UAE's TGC for 150 crVLCC is about to acquire UAE’s The Grooming Company (TGC) for Rs 150 crore, which will help the New Delhi-based wellness chain break into t...
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