AU Small Finance Bank Shareholder Divests 1.47% Stake For Rs 737 Crore
A public shareholder of AU Small Finance Bank Ltd. sold 1.47% stake in the company for Rs 736.6 crore, through open market transactions on Tuesday.
Westbridge Aif I offloaded 1.08 crore shares at Rs 676.06 apiece, according to the bulk deal data on the BSE. Westbridge Aif I held a 1.75% stake in the bank as of June.
In August, Fincare Business Services divested a 1.7% stake or 1.27 crore shares worth Rs 803.6 crore through open market transactions at Rs 630 apiece.
On Tuesday, the lender submitted an application to the Reserve Bank of India to ask approval for a voluntary transition from a small finance bank to a universal bank.
Shares of AUSFB closed 0.96% lower at Rs 674.45 apiece on the BSE, compared to a 0.01% fall in the benchmark Sensex. The stock has fallen 5.92% in the last 12 months and 14.37% on a year-to-date basis.
Out of 25 analysts tracking the company, 14 have a 'buy' rating on the stock, six suggest a 'hold' and five recommend 'sell', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 4.3%.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
