While new in India, this sector has seen significant traction with most notable transactions include a $30 million fund raise by US-based Divvy in a round led by Andresson Horowitz and a $40 million Series B by Unison and Landed, a Y Combinator incubated company that completed a $7 million round with participation by the Zuckerberg Foundation. … [Read more...] about HomeCapital gets fresh funding from Varanium NexGen, others
Real estate text message marketing
Rather than looking at companies in a straightjacketed fashion in terms of midcaps or smallcaps, we look at it more on basis of whether we own companies that are good and those that filter through our BMV filters. When we look at what filters through our process in the current situation, we do note that a greater proportion of them are today in the largecap space and accordingly, our preferences are skewed towards the largecap space (arrived through bottom-up stock selection). Having said that, there are some good industry-leading franchises with good cashflows, run by able management, with a long runway for growth at attractive franchise values even in the mid and smallcap space. … [Read more...] about ‘Return to normal in financials a fair way off; SIP to remain strong if fewer jobs are lost’
Things investors should know before going to accept the right issue offer:1.> RIL, Promoters 50 percent stake along with other controlling shareholders have pledged to buy the full extent of their entitlement and also subscribe to all unsold shares in the rights issue which shows the promoters commitment and confidence in the company future growth prospects.2.> Reason to offer right share to existing shareholder is to pare down the company's debt which over the years has piled up through expansion of its retail and telecom arm and make company a net debt free by this FY2021E.3.> Right issue fairly priced: As against the last closing price of RIL shares of Rs 1,458.90 on May 15, 2020, the rights issue price of Rs 1,257 apiece is decently attractive, with a discount of 16 percent.4.> At the ratio of 1:15 right offer and only 25 percent on call, the capital commitment is not very high and it is not mandatory to opt for your right, you can even let your right lapse on the … [Read more...] about ‘Investors can look at RIL Rights Issue offer as an opportunity given growth prospects in Jio, Retail’
"SEBI introduced this platform to reduce the timelines of such right issues and simplifies the process of Rights Issue and also provide clarity on the renunciation and trading of rights entitlements. These steps are welcomed and will potentially make rights issues a preferred option to raise capital for listed companies and also benefiting shareholders," said Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol. … [Read more...] about Explainer | What is a Rights Entitlement? And How to participate in it?
It was late and Martin A Kits van Heyningen feared he was letting the team down at the company he co-founded, KVH Industries. Rather than lay off workers in response to the coronavirus pandemic, he had decided to cut salaries, and when he emailed a video explaining his decision at 3 am last month, he was prepared for a barrage of complaints. … [Read more...] about Coronavirus pandemic | Pay cuts become a tool for some companies to avoid layoffs