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Mahindra Finance reported a 36% rise in consolidated net profit for the September quarter, achieving Rs 390 crore. Standalone net profit grew by 57%, totaling Rs 369 crore. Although vehicle finance slowed, the gross loan book grew by 20%. Stage-3 assets improved to 3.8% from 4.3% year-on-year.
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Godavari Biorefineries Ltd raised over Rs 166 crore from anchor investors including HDFC Mutual Fund and Goldman Sachs prior to its IPO. The IPO, including a fresh issue of Rs 325 crore and an Offer-for-Sale of 65.27 lakh shares, is expected to total Rs 555 crore.
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Grand opening day for Epic Universe theme park will be May 22, Universal Orlando announced Thursday morning. And the first phase of its ticket sales will begin next week, the company confirmed.
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News and Media
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