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By: Vinay Guptaon October 10, 2024/comment : 0Business
Ratan Tata, former chairman of Tata Sons and one of India's most revered industrialists, passed away on October 9, 2024, at the age of 86. Tata's leadership of the Tata Group from 1991 to 2012 was transformative, expanding the conglomerate into a global enterprise.
Under his stewardship, the group acquired renowned international brands such as Tetley Tea, Corus Steel, Jaguar, and Land Rover, firmly establishing Tata Group on the world stage. His focus on innovation saw the development of cars like the Indica and the Nano, the latter of which aimed to provide affordable transportation for millions in India.
Tata was not just a businessman but also a philanthropist, dedicating much of his later years to charitable initiatives through Tata Trusts, focusing on healthcare, education, and rural development. Known for his humility and quiet demeanor, he remained a significant figure in India’s business and social landscape long after retiring from day-to-day operations. His contributions earned him the Padma Vibhushan, India’s second-highest civilian honor.
Tata’s death marks the end of an era for Indian industry, but his legacy in both business and philanthropy will endure for generations.
By: Vinay Guptaon December 18, 2023/comment : 0Business
About Muthoot Microfin
Muthoot Microfin Limited (MML) is a
prominent microfinance institution under the Muthoot Pappachan Group,
specializing in providing micro-loans primarily to women entrepreneurs in rural
areas of India. The company aims to foster entrepreneurship and inclusive
growth, offering financial assistance through income-generating loans for small
businesses run by women. The focus is on extending financial services to
underprivileged individuals in rural sectors, with an emphasis on
affordability, quick processing, and a hassle-free experience. MML employs a
joint liability group model, exclusively catering to women in lower-income
households, under the belief that access to credit empowers them to identify
opportunities and enhance their income. Leveraging the Muthoot Pappachan
Group's history of working with economically disadvantaged customers, MML is
dedicated to addressing the unique needs of rural households and designing
lending products to elevate their standard of living. The company's brand
identity reflects an unwavering commitment to supporting clients in their
journey towards an improved quality of life.
Muthoot Microfin IPO: Muthoot Group's microfinance
company, Muthoot Microfin, is set to open its IPO for retail investors from
today. The subscription for the IPO will remain open until December 20th.
Through this issue, the company aims to raise Rs 960 crores. For this, the
price band has been set at Rs 277 to Rs 291 per share.
Muthoot Microfin IPO lot size
The
price band for the Muthoot Microfin IPO is set between Rs 277 and Rs 291. The
lot size for this IPO is 51 shares. Based on the upper band, any retail
investor wishing to bid in the IPO will need to invest a minimum of Rs 14,841.
In
this IPO of Rs 960 crores, there is a fresh issue of Rs 760 crores, while Rs
200 crores is included in the OFS (Offer For Sale). The entire amount received
under OFS goes to the company's investors and promoters.
Muthoot Microfin IPO Allotment
The Muthoot Microfin IPO is expected to come
under T+3. Due to this, its allotment may take place on December 21st. It is
anticipated to be listed on the NSE and BSE on December 26th.
Muthoot Microfin IPO: Today's Grey Market
Premium
The GMP (Grey Market Premium) for the Muthoot Microfin
IPO is positive. According to Mint's report, the GMP for Muthoot Microfin IPO
is running at Rs 82 per share. Considering the price band of Rs 277 to Rs 291
per share, this implies a premium of around 30 percent over the issue price.
Muthoot Microfin
Financial Highlights (Figures in Crores)
Under his stewardship, the group acquired renowned international brands such as Tetley Tea, Corus Steel, Jaguar, and Land Rover, firmly establishing Tata Group on the world stage. His focus on innovation saw the development of cars like the Indica and the Nano, the latter of which aimed to provide affordable transportation for millions in India.
