Latest news with #BFL
Business Standard
8 hours ago
- Business
- Business Standard
Regaal Resources IPO subscribed 5.94 times
The offer received bids for 12.47 crore shares as against 2.09 crore shares on offer. The initial public offer of Regaal Resources received bids for 12,47,19,552 shares as against 2,09,99,664 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (12 August 2025). The issue was subscribed 5.94 times. The issue opened for bidding on 12 August 2025 and it will close on 14 August 2025. The price band of the IPO is fixed between Rs 96 and 102 per share. An investor can bid for a minimum of 29 equity shares and in multiples thereof. The company proposes to utilize the net proceeds from the issue towards repayment and/or prepayment, in full or in part, of its certain outstanding borrowings availed by the company amounting to Rs 159 crore and the balance towards general corporate purposes. As of June 30, 2025, total outstanding indebtedness was Rs 561.153 crore. Promoter Anil Kishorepuria's post-offer shareholding will decrease to 24.5% from pre-offer shareholding of 34.4%, while promoter Shruti Kishorepuria's post-offer shareholding will decrease to 27.5% from pre-offer shareholding of 37.1%, promoter BFL's post-offer shareholding will decrease to 11.8% from pre-offer shareholding of 17.9%, and promoter group SRM's post-offer shareholding will decrease to 5.5% from pre-offer shareholding of 8.8%. Regaal Resources is a leading maize-based specialty products manufacturer in India, with a crushing capacity of 750 TPD at its facility in Kishanganj, Bihar. The company produces native and modified maize starch, co-products like gluten and fiber, and value-added food items. Regaal serves diverse industries such as food, pharma, paper, and adhesives, generating over Rs 900 crore in revenue (FY25), mostly from domestic markets. It plans to expand capacity to 1,650 TPD to meet growing demand. The company sources maize directly from farmers and is the only maize milling plant in Bihar, giving it a strong competitive edge. Promoters include Anil Kishorepuria and family. Ahead of the IPO, JSW Cement on Monday, 11 August 2025, raised Rs 91.79 crore from anchor investors. The board allotted 89.99 lakh shares at Rs 102 each to 10 anchor investors. The firm reported a consolidated net profit of Rs 47.67 crore and sales of Rs 915.16 crore for the twelve months ended on 31 March 2025.
News18
16 hours ago
- Business
- News18
Exclusive Independence Day Deal on Washing Machines
NewsVoirPune (Maharashtra) [India], August 12: Independence Day is a time to celebrate freedom. And Independence Day offers are great if you plan to buy or upgrade your home appliances. Bajaj Finserv offers easy financing options on a wide range of products, including washing machines. Combine this with exclusive Independence Day offers at partner stores to buy the washing machine of your choice without straining your to buy a washing machine this Independence Day* Take advantage of partner store discounts along with Bajaj Finserv's Easy EMI plans for excellent savings.* Modern washing machines are energy-efficient, quieter, and equipped with smart features that save time.* Independence Day marks the beginning of the festive buying season, making it an ideal time to plan home can explore a wide range of models, compare features, and price on Bajaj Mall. Once you finalise the best fit online, you can complete your purchase at one of the 1.5 lakh+ Bajaj Finserv partner stores across 4,000+ cities in India. Enjoy benefits like Easy EMIs, zero down payment on select models, and instant approval through the Bajaj Finserv Insta EMI Card, making your purchase smooth and budget-friendly. Bajaj Finserv's flexible financing options ensure a smooth, stress-free washing machine brands and modelsWhen it comes to choosing the perfect washing machine, Bajaj Finserv's partner stores offer a wide selection from trusted brands. Each brand brings its own set of features designed to meet different needs and budgets, making it easier for you to find the right fit for your home. Explore these and many more models on Bajaj Mall, where you can compare features, prices, and EMI plans. With easy financing options from Bajaj Finserv and exclusive partner store offers, upgrading your washing machine has never been more The features, availability, and pricing of each model are subject to change and may vary. For the most accurate and up-to-date information, please visit the official to make the most of your washing machine purchase* Compare features, not just price. Look for wash programs, capacity, energy efficiency, and spin speed.* Consider your household size and laundry habits to choose the right capacity.* Use Easy EMI wisely. Select a repayment plan that fits your budget without extra financial strain.* Look out for exclusive deals. Some partner stores may offer free installation, extended warranty, or special discounts during the Independence Day Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global know more, visit (ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)
Vancouver Sun
a day ago
- Sport
- Vancouver Sun
Vancouver's Radley Da Silva looks to impress UFC boss in Vegas showcase
When Battlefield Fight League (BFL) featherweight champion Radley (Snake Eyes) Da Silva knocked American Drake Randall out cold with a spectacular spinning heel kick last September, the crowd at the Vancouver Convention Centre chanted 'UFC, UFC.' On Tuesday, the 30-year-old from Vancouver goes after a UFC contract when he faces unbeaten Australian George Mangos in Las Vegas in the opening episode of Season 9 of Dana White's Contender Series. The show gives up-and-coming fighters a chance to win their way into the UFC if they can impress the UFC president. Americans Jamahal (Sweet Dreams) Hill and (Suga) Sean O'Malley won UFC titles after earning their contract via the show. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Canadians (Proper) Mike Malott, Jasmine Jasudavicius, Chad (The Monster) Anheliger, Yohan (White Lion) Lainesse and T.J. (The Truth) Laramie all won UFC contracts on the show. So did Serhiy Sidey, who was born in Ukraine but came to Canada when he was six. Da Silva (7-1-0) looks to join them — and, in a perfect world, make his promotional debut on the UFC card in Vancouver in October. Mangos stands in his way. The 21-year-old HEX Series featherweight titleholder has won all seven of his pro fights. Former UFC middleweight champion Israel (The Last Stylebender) Adesanya and UFC light-heavyweight Jimmy (The Brute) Crute both won titles in the same Australian promotion earlier in their career. Da Silva (7-1-0) has won titles in both the Rise Fighting Championship and BFL promotions. Tuesday's UFC audition doesn't faze him. 'To me it's just like as if you went to school for something, for like 25 years … It's stuff I've been doing since I was very young,' said Da Silva, whose coaches at Pinnacle Combat Martial Arts Academy include former UFC and Pride veteran Denis Kang. 'So to me, it's just another day.' Da Silva, who was born in Brazil but moved to Canada when he was five, comes from a fighting family. He and his father Andre both fought on the BFL 25 card in September 2013 in Richmond, each winning by decision. Andre and other members of the Da Silva family are expert teachers in and practitioners of capoeira, a Brazilian martial art that combines elements of dance, acrobatics and music. Godparents in Canada ran Axe Capoeira, an international chain of capoeira schools headquartered in Vancouver. Capoeira originally was created by African slaves in Brazil, who developed it as a martial art that could look like a dance so as not to catch the eye of their slave masters, Da Silva explains. 'So it didn't look like they were practising any deadly arts. And then they could use it later on to help themselves fight (their way) out of slavery,' he added. 'With that, it comes with a lot of movement and unorthodox moves. You get from it a lot of co-ordination, a lot of balance, flexibility and athleticism. That's the kind of stuff that can translate into any sport.' Da Silva started capoeira at five years old, jiu-jitsu at nine, wrestling at 14, and had his first amateur MMA fight at 16. His resume includes a capoeira world championship. The capoeira roots are easy to see in the cage, with plenty of spinning strikes like the one that felled Randall. Da Silva has defended his BFL title since then, submitting American Drew (The Eternal Flame) Brokenshire in January in Vancouver. His fighting career has come in stops and starts. Da Silva has won seven straight since losing his pro debut to Ben Jansen in July 2013. After evening his record at 1-1-0 in September that year, he only fought once — in November 2019, when he defeated John Nguyen to win the Rise FC title.— before returning to regular action in October 2023 in the BFL promotion. Da Salva explains the gaps in his fighting resume by saying there were times when bouts were hard to come by, 'no matter how much I tried.' 'It kind of just allowed me to develop as a human in other aspects of life.' Married with a daughter who turns two three days after his Contender Series fight, Da Silva also works in the film industry as a stuntman. He was working a nine-to-five job when his cousin, who was a stuntman, convinced him to make the move to film. His credits include the movies V For Vengeance and Confidential Informant, as well as TV's Resident Alien and Nancy Drew, and the miniseries Midnight Mass. He has also worked in video games, including the UFC title. Create a fighter in career mode In the UFC 5 game and your character is based on his movements. Da Silva also provides Voice No. 1 in the game. The video game's career mode allows you to fight your way up from regional promotions to the Contender Series to the UFC, a journey Da Silva is now well on his way to matching in real life.
Winnipeg Free Press
a day ago
- Entertainment
- Winnipeg Free Press
Vancouver featherweight Radley Da Silva looks to impress UFC boss in Vegas showcase
When Battlefield Fight League (BFL) featherweight champion Radley (Snake Eyes) Da Silva knocked American Drake Randall out cold with a spectacular spinning heel kick last September, the crowd at the Vancouver Convention Centre chanted 'UFC, UFC.' On Tuesday, the 30-year-old from Vancouver goes after a UFC contract when he faces unbeaten Australian George Mangos in Las Vegas in the opening episode of Season 9 of 'Dana White's Contender Series.' The show gives up-and-coming fighters a chance to win their way into the UFC if they can impress the UFC president. Americans Jamahal (Sweet Dreams) Hill and (Suga) Sean O'Malley won UFC titles after earning their contract via the show. Canadians (Proper) Mike Malott, Jasmine Jasudavicius, Chad (The Monster) Anheliger, Yohan (White Lion) Lainesse and T.J. (The Truth) Laramie all won UFC contracts on the show. So did Serhiy Sidey, who was born in Ukraine but came to Canada when he was six. Da Silva (7-1-0) looks to join them — and, in a perfect world, make his promotional debut on the UFC card in Vancouver in October. Mangos stands in his way. The 21-year-old HEX Series featherweight title-holder has won all seven of his pro fights. Former UFC middleweight champion Israel (The Last Stylebender) Adesanya and UFC light-heavyweight Jimmy (The Brute) Crute both won titles in the same Australian promotion earlier in their career. Da Silva (7-1-0) has won titles in both the Rise Fighting Championship and BFL promotions. Tuesday's UFC audition doesn't faze him. 'To me it's just like as if you went to school for something, for like 25 years … It's stuff I've been doing since I was very young,' said Da Silva, whose coaches at Pinnacle Combat Martial Arts Academy include former UFC and Pride veteran Denis Kang. 'So to me, it's just another day.' Da Silva, who was born in Brazil but moved to Canada when he was five, comes from a fighting family. He and his father Andre both fought on the BFL 25 card in September 2013 in Richmond, B.C., each winning by decision. Andre and other members of the Da Silva family are expert teachers in and practitioners of capoeira, a Brazilian martial art that combines elements of dance, acrobatics and music. Godparents in Canada ran Axe Capoeira, an international chain of capoeira schools headquartered in Vancouver. Capoeira originally was created by African slaves in Brazil, who developed it as a martial art that could look like a dance so as not to catch the eye of their slave masters, Da Silva explains. 'So it didn't look like they were practising any deadly arts. And then they could use it later on to help themselves fight (their way) out of slavery,' he added. 'With that, it comes with a lot of movement and unorthodox moves. You get from it a lot of co-ordination, a lot of balance, flexibility and athleticism. That's the kind of stuff that can translate into any sport.' Da Silva started capoeira at five years old, jiu-jitsu at nine, wrestling at 14, and had his first amateur MMA fight at 16. His resume includes a capoeira world championship. The capoeira roots are easy to see in the cage, with plenty of spinning strikes like the one that felled Randall. Da Silva has defended his BFL title since then, submitting American Drew (The Eternal Flame) Brokenshire in January in Vancouver. His fighting career has come in stops and starts. Da Silva has won seven straight since losing his pro debut to Ben Jansen in July 2013. After evening his record at 1-1-0 in September that year, he only fought once — in November 2019, when he defeated John Nguyen to win the Rise FC title.– before returning to regular action in October 2023 in the BFL promotion. Da Salva explains the gaps in his fighting resume by saying there were times when bouts were hard to come by, 'no matter how much I tried.' 'It kind of just allowed me to develop as a human in other aspects of life.' Married with a daughter who turns two three days after his Contender Series fight, Da Silva also works in the film industry as a stuntman. He was working a nine-to-five job when his cousin, who was a stuntman, convinced him to make the move to film. His credits include the movies 'V For Vengeance' and 'Confidential Informant,' as well as TV's 'Resident Alien' and 'Nancy Drew,' and the miniseries 'Midnight Mass.' He has also worked in video games, including the UFC title. Create a fighter in career mode In the 'UFC 5' game and your character is based on his movements. Da Silva also provides Voice No. 1 in the game. The video game's career mode allows you to fight your way up from regional promotions to the 'Contender Series' to the UFC, a journey Da Silva is now well on his way to matching in real life. — This report by The Canadian Press was first published Aug. 11, 2025
Business Standard
25-07-2025
- Business
- Business Standard
Bajaj Finserv Q1 PAT jumps 27% YoY to Rs 5,329 cr
Bajaj Finserv reported consolidated net profit jumped 26.60% to Rs 5,329.17 crore on 12.61% increase in total income to Rs 35,451.34 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) jumped 20.69% to Rs 7,203.64 crore in Q1 FY26 as compared with Rs 5,968.41 crore in Q1 FY25. Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It participates in the financing business through its 51.39% holding in Bajaj Finance (BFL) and in the life, general and health insurance businesses through its 74% holding in two unlisted subsidiaries, Bajaj Allianz General Insurance Company (BAGIC) and Bajaj Allianz Life Insurance Company (BALIC). BFL holds 88.70% stake in Bajaj Housing Finance (BHFL). Bajaj Finance (BFL) recorded 20% increase in consolidated net profit to Rs 4,699 crore in Q1 FY26 as against Rs 3,912 crore in Q1 FY25. Loan losses and provisions stood to Rs 2,120 crore in the Q1 FY26, up 25.81% YoY. Net total income for the June 2025 quarter rose 21% to Rs 12,610 crore from Rs 10,418 crore posted in corresponding quarter previous quarter. Gross Non-Performing Assets (NPA) and Net NPA as on 30 June 2025 stood at 1.03% and 0.50% respectively as against 0.86% and 0.38% as on 30 June 2024. Provisioning coverage ratio on stage 3 assets was 52%. Assets Under Management (AUM) stood at Rs 4,41,450 crore as of 30 June 2025, compared to Rs 3,54,192 crore as of 30 June 2024, reflecting a 25% year-on-year growth. The capital adequacy ratio (CRAR), including Tier-II capital, stood at 21.96% as of 30 June 2025, with the Tier-I capital at 21.19%. During the quarter, BFL successfully completed a share subdivision on 16 June 2025, reducing the face value of its equity shares from Rs 2 to Rs 1 per fully paid share. Following this, on 17 June 2025, the company issued 4 fully paid bonus equity shares for every 1 fully paid equity share held. Bajaj Allianz General Insurance Company Limited (BAGIC) stated that, effective 1 October 2024, and as mandated by IRDAI, gross premiums on long-term products are now recognized on a 1/n basis (where 'n' represents the contract duration), applied prospectively. As a result, Q1 FY26 figures are not comparable with those of prior periods. BAGICs gross written premium for Q1 FY26 increased by 9% to Rs 5,202 crore, compared to Rs 4,761 crore in Q1 FY25. Excluding the impact of the change in premium recognition methodology (1/n basis), and excluding tender-driven crop and government health insurance premiums, the gross written premium rose by 15% to Rs 5,358 crore, up from Rs 4,664 crore in Q1 FY25outpacing industry growth. The claim ratio improved to 71.1% in Q1 FY26, compared to 77.1% in Q1 FY25, driven by better claims experience. Profit after tax for Q1 FY26 stood at Rs 660 crore, compared to Rs 576 crore in Q1 FY25, marking a 15% year-on-year increase. As of 30 June 2025, the solvency ratio stood at 334%, significantly higher than the minimum regulatory requirement of 150%. Assets under management (AUM), represented by cash and investments, stood at Rs 35,199 crore as of 30 June 2025, compared to Rs 31,651 crore as of 30 June 2024, reflecting an 11% year-on-year increase. Bajaj Allianz Life Insurance Company Limited (BALIC) new business premium for Q1 FY26 stood at Rs 2,316 crore, compared to Rs 2,541 crore in Q1 FY25. Renewal premium for Q1 FY26 rose to Rs 3,162 crore, compared to Rs 2,477 crore in Q1 FY25, registering a 28% year-on-year growth. Shareholders' profit after tax surged 76% year-on-year to Rs 171 crore in Q1 FY26, up from Rs 97 crore in Q1 FY25. The Net Value of New Business (VNB)a key metric for measuring the profitability of the life insurance businessstood at Rs 145 crore in Q1 FY26, up from Rs 104 crore in Q1 FY25, reflecting a 39% increase. This growth was primarily driven by product restructuring, a favourable product mix, and cost rationalisation. Assets Under Management (AUM), represented by total investments, stood at Rs 1,31,052 crore as on 30 June 2025, compared to Rs 1,16,966 crore as on 30 June 2024, marking a 12% year-on-year increase. On 17 March 2025, Bajaj Finserv (BFS), along with its promoter and promoter group entities, signed Share Purchase Agreements (SPAs) to acquire Allianz SEs 26% equity stake in Bajaj Allianz General Insurance (BAGIC) and Bajaj Allianz Life Insurance (BALIC). The acquisition, subject to regulatory approvals, will be executed in tranches by 16 October 2026, with an initial tranche of at least 6.1%. Upon completion of this first tranche, the existing joint venture agreements with Allianz SE will be terminated. Approvals have already been received from the Competition Commission of India (CCI) and the Insurance Regulatory and Development Authority of India (IRDAI). Name change approvals are currently in process. Bajaj Finserv is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions. Shares of Bajaj Finserv tanked 3.48% to Rs 1,961.30 on the BSE.
