Latest news with #RajeshSharma
Mint
5 days ago
- Business
- Mint
LIC-backed NBFC raises ₹2,000 crores via QIP; Quant Mutual Fund ups stake to 5.96%
Capri Global Capital shares fell more than 5% during the early part of Monday's trading session; however, the stock has bounced back in the latter half of the session today. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Capri Global Capital shares highly volatile counter witnessing sharp swings on both sides. After a gap-down start today, the stock recovered to trade flat. The recent low near ₹ 150 acts as strong support, while a breakout above ₹ 185 and the 200DMA could trigger positive momentum. Traders should wait for a decisive move beyond the ₹ 150– ₹ 185 range. Capri Global Capital share price today opened at ₹ 167.65 apiece on the BSE, the stock touched an intraday high of ₹ 172.60 per share, and an intraday low of ₹ 161.50 per share. As per shareholding pattern public shareholder for the quarter ending 12 June 2025 on the BSE, Life Insurance Corporation Of India (LIC) holds 7.89% stake in Capri Global Capital. Sbi Life Insurance Co too holds 2.97% stake in the firm. In its most recent filing, the company announced that Quant Mutual Fund raised its stake to 5.96% from 1.53%. The non-banking financial company (NBFC) has announced that it successfully completed its Qualified Institutional Placement (QIP), raising primary equity capital of ₹ 2,000 crores by issuing approximately 136.5 million shares to institutional buyers. The QIP Committee, authorized by the Board, met on June 12, 2025, to determine the pricing and allocation for the QIP. As stated in an exchange filing, this is the company's first QIP in the past ten years. The offering received an enthusiastic response from a diverse group of institutional investors, including both foreign and domestic long-only funds, mutual funds, and insurance companies such as Quant Mutual Fund, 3P Investment, BlackRock, Think Investments, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance, ICICI Lombard General Insurance, SBI General Insurance, HDFC ERGO General Insurance, TATA AIF, and many other long-only investors, underscoring the company's execution and technological capabilities, strong governance, and long-term vision. 'The successful QIP marks a significant milestone in Company's growth journey. The capital raised will enable us to capitalise on growth opportunities across key lending verticals, expand our geographical presence, invest in AI & data science capabilities and strengthen our capital base,' said Rajesh Sharma, Managing Director of the company.
Mint
5 days ago
- Business
- Mint
LIC-backed NBFC raises ₹2,000 crores via QIP; Quant Mutual Fund ups stake to 5.96%
Capri Global Capital shares fell more than 5% during the early part of Monday's trading session; however, the stock has bounced back in the latter half of the session today. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Capri Global Capital shares highly volatile counter witnessing sharp swings on both sides. After a gap-down start today, the stock recovered to trade flat. The recent low near ₹ 150 acts as strong support, while a breakout above ₹ 185 and the 200DMA could trigger positive momentum. Traders should wait for a decisive move beyond the ₹ 150– ₹ 185 range. Capri Global Capital share price today opened at ₹ 167.65 apiece on the BSE, the stock touched an intraday high of ₹ 172.60 per share, and an intraday low of ₹ 161.50 per share. As per shareholding pattern public shareholder for the quarter ending 12 June 2025 on the BSE, Life Insurance Corporation Of India (LIC) holds 7.89% stake in Capri Global Capital. Sbi Life Insurance Co too holds 2.97% stake in the firm. In its most recent filing, the company announced that Quant Mutual Fund raised its stake to 5.96% from 1.53%. The non-banking financial company (NBFC) has announced that it successfully completed its Qualified Institutional Placement (QIP), raising primary equity capital of ₹ 2,000 crores by issuing approximately 136.5 million shares to institutional buyers. The QIP Committee, authorized by the Board, met on June 12, 2025, to determine the pricing and allocation for the QIP. As stated in an exchange filing, this is the company's first QIP in the past ten years. The offering received an enthusiastic response from a diverse group of institutional investors, including both foreign and domestic long-only funds, mutual funds, and insurance companies such as Quant Mutual Fund, 3P Investment, BlackRock, Think Investments, Allspring Global Investments, ICICI Prudential Life Insurance, HDFC Life Insurance, ICICI Lombard General Insurance, SBI General Insurance, HDFC ERGO General Insurance, TATA AIF, and many other long-only investors, underscoring the company's execution and technological capabilities, strong governance, and long-term vision. 'The successful QIP marks a significant milestone in Company's growth journey. The capital raised will enable us to capitalise on growth opportunities across key lending verticals, expand our geographical presence, invest in AI & data science capabilities and strengthen our capital base,' said Rajesh Sharma, Managing Director of the company. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Time of India
12-06-2025
- General
- Time of India
CUET PG merit list released, choice filling begins today
Indore: Devi Ahilya Vishwavidyalaya (DAVV) on Thursday announced the merit list for postgraduate admissions based on CUET-PG 2025 scores. Students who registered for PG admissions at DAVV through CUET PG can now check their merit rank on the university's website. The choice filling process will begin from June 13 to June 19. "Students can view their merit status and proceed with course preferences," said Prof Rajesh Sharma, Chairman, CUET PG Admissions at DAVV. The choice filling involves selecting and prioritising programmes across departments and locking preferences before the deadline to be eligible for allotment. Despite a record 86,000 students selecting DAVV as their preferred institution during the CUET-PG registration process—more than double last year's figure—the university received just over 1,500 registrations for its 1,450 PG seats, raising concern among the admissions committee. Sharma attributed this to confusion over subject mapping: "Many students only appeared for their core subject exams, skipping required tests like general knowledge and mathematics, which limited their eligibility. " As per the official counselling schedule, the first round of seat allotment will be announced on June 24. Students allotted seats will have to report for document verification between June 30 and July 2, followed by online fee submission from June 30 to July 6.. Indore: Devi Ahilya Vishwavidyalaya (DAVV) on Thursday announced the merit list for postgraduate admissions based on CUET-PG 2025 scores. Students who registered for PG admissions at DAVV through CUET PG can now check their merit rank on the university's website. The choice filling process will begin from June 13 to June 19. "Students can view their merit status and proceed with course preferences," said Prof Rajesh Sharma, Chairman, CUET PG Admissions at DAVV. The choice filling involves selecting and prioritising programmes across departments and locking preferences before the deadline to be eligible for allotment. Despite a record 86,000 students selecting DAVV as their preferred institution during the CUET-PG registration process—more than double last year's figure—the university received just over 1,500 registrations for its 1,450 PG seats, raising concern among the admissions committee. Sharma attributed this to confusion over subject mapping: "Many students only appeared for their core subject exams, skipping required tests like general knowledge and mathematics, which limited their eligibility. " As per the official counselling schedule, the first round of seat allotment will be announced on June 24. Students allotted seats will have to report for document verification between June 30 and July 2, followed by online fee submission from June 30 to July 6.. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
11-06-2025
- Business
- Time of India
Ahead of the monsoon, MPIDC takes up infra development, drainage cleaning tasks in industrial areas
Indore: Madhya Pradesh Industrial Development Corporation (MPIDC) has commenced infrastructure development and cleaning initiatives in Pithampur to address waterlogging issues during the rainy season. This move is seen as ensuring smooth transportation and commute for employees in one of the state's largest industrial belts. As part of the monsoon plans, MPIDC has initiated construction of 70 kilometres of RCC drains and cross-drainage systems in Sector 3, with approximately 39 kilometres already completed at an investment of around Rs 40 crore. This extensive drainage system aims to channel excess rainwater effectively, reducing the risk of flooding. MPIDC Indore region executive director Himanshu Prajapati said, "We are committed to improving infrastructure of industrial areas to ensure uninterrupted operations during the monsoon. In Sector 3, we are constructing 70 kilometres of new RCC drains and cross-drainage systems, with about 39 kilometres already completed. Additionally, we are currently cleaning existing drains, and similar cleaning works are ongoing in other industrial areas also. " In addition, the MPIDC has allotted work for the cleaning of existing drains in Sectors 1 through 5, including the Special Economic Zone (SEZ). This drain cleaning initiative is underway at a total cost of Rs 95.92 lakh, with work progressing steadily. To further combat waterlogging in Sectors 1 and 2, the construction of 20.3 kilometres of new RCC drains and culverts has been initiated, amounting to an investment of Rs 12.75 crore. Local industrialists and associations said every year they face rain-related disruptions and infrastructure work may ease their problems. Rajesh Sharma, a factory owner in Pithampur said, "Timely intervention by MPIDC is crucial for us. These efforts can significantly improve our productivity and reduce the challenges we face during the rainy season."
Time of India
11-06-2025
- Business
- Time of India
How a top bank's employee stole Rs ₹4.5 cr from customers
How a top bank's employee stole Rs ₹4.5 cr from customers Rajesh Sharma Updated: Jun 11, 2025, 18:56 IST Sakshi Gupta's arrest for a massive ICICI Bank fraud in Kota is just the tip of a deeper crisis. Insiders misusing access, weak digital safeguards, and a surge in fraud cases is threatening public trust in India's banking system At a time when banks are routinely urging customers to beware of cybercriminals, what happens when the fraudster is the one who is sitting behind the desk and is actually the one entrusted with your financial life? On February 18 this year, the branch manager of ICICI Bank 's DCM branch in Kota, Rajasthan, arrived at Udyog Nagar police station with a shocking complaint. Over a period of two and a half years, a former employee — relationship manager Sakshi Gupta — had allegedly siphoned off Rs 4.58 crore from over 110 accounts belonging to 41 customers.
