Net interest income (NII) for the bank rose 8 per cent YoY to Rs 7,900 crore compared with Rs 7,326 crore in the year-ago quarter.
The transaction, among the largest equity fund raising by a listed infrastructure company, will help IRB deleverage its balance sheet and have access to new growth capital to participate in new projects and the government’s ambitious asset monetization plan, said Founder and Chairman Virendra Mhaiskar told ET.
The price band for the issue has been set between Rs 940 and Rs 980 a share.
The weekly options data shows bullish indications. The 18200 Put was one of the most active strikes as it saw massive writing and addition of Open Interest. This means that market participants do not expect Nifty50 to slip below this level by expiry.
“We could probably see Bajaj Finance returning back to 30-35% rate of loan book growth from this quarter onwards. That is something one can watch out for.â€
The Dow Jones Industrial Average rose 49.90 points, or 0.14 per cent, at the open to 35,791.05.
Net profit increased to Rs 1,481 crore in the second quarter ended September 2021 from Rs 965 crore a year ago led by a 22 per cent growth in assets under management to Rs 1.66 lakh crore.
Revenues for the quarter rose 10.3 per cent YoY to Rs 5,485.84 crore compared with Rs 4,972.58 crore in the same quarter last year.
The Nifty Realty index was trading 2.13 per cent up at 507.0.
Total income of the bank during July-September period of 2021-22 was down at Rs 6,503.39 crore, as against Rs 6,762.36 crore in the year-ago period, it said in a regulatory filing.
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