Money Matters Financial Services Raises $100 Mn Via QIP
Mumbai-based Money Matters Financial Services Ltd (MMFS) has raised Rs.445 Cr ($100 Mn) at Rs.625.25 per share through QIP to fund its debt market business.
Post QIP, promoter shareholding has reduced by 14.11% from 69.12% as on September 30, 2010 to 55.01%.
Transaction Reference: Livemint
MMFSL (formerly known as Dover Securities Ltd) is non deposit taking NBFC primarily focused in the business of financial advisory services (debt syndication) and trading in debt securities. It also provides merchant banking & broking services through its subsidiaries.
MMFSL posted a net profit of Rs.39.42 Cr on the turnover of Rs.63 Cr.
This year it launched a new $90 Mn Special Opportunities Fund - I with Milestone Capital.
AK Capital is also planning to raise Rs.400 Cr via QIP and Cholamandalam Investment and Finance Company (CIFCL) is planning to raise Rs.250 Cr through QIP (Rs.150 Cr) and preferential issue (Rs.100 Cr).
Recently, L&T Finance Holdings Ltd has filed a DRHP with SEBI to raise Rs.1,500 Cr
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 20/10/10 | Money Matters Finacial Services - QIP | IPO / Offerings | - | 100.23 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 19/06/13 | IPO / Offerings | - | Religare Enterprises Limited | - | Planned |
| 18/06/13 | Capital Market | Mridul Securities Private Limited | Nucent Finance Limited | 0.06 | Completed |
| 18/06/13 | Capital Market | - | Nucent Finance Limited | 0.04 | Completed |
| 18/06/13 | Capital Market | - | Nucent Finance Limited | 0.02 | Completed |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Money Matter Financial Services Limited | ||||
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