Tag Archives: ICICI

Buy Cholamandalam Investment & Finance Company, target Rs 300: ICICI Securities

ICICI SecuritiesNSE -1.35 % has upgraded Cholamandalam Investment & Finance Company to ‘buy’ from ‘add’, with a target price of Rs 300. Shares of Cholamandalam Investment traded at Rs 265.25 around 11:55 am on 1 August, 2019. The brokerage has set a one-year horizon for the stock to hit the target price. Investment rationale by the brokerage: Company Summary NSE BSE ... Read More »

Rs 3,000 crore deal: IndoStar to buy stake in ICICI Home Finance

  Photo: www.shutterstock.com IndoStar Capital Finance, a non-banking finance company (NBFC) controlled by private equity firm Everstone Capital, is all set to acquire a majority stake in ICICI Home Finance at an equity valuation of Rs 3,000 crore for the ICICI Bank subsidiary.   Everstone Capital will also invest in the deal. Together IndoStar and Everstone will own two-third of the business. The remaining one-third will continue to remain ... Read More »