Tag: Tata Capital

Housing FinanceLatest Stories

Unity SFB Tops Aviom India Housing Race with ₹775 Crore Bid

MUMBAI: Unity Small Finance Bank has taken the lead in the competitive bidding for Aviom India Housing Finance, which is backed by impact investors, tendering an upfront payment of ₹775 crore, according to multiple sources familiar with the situation. Other competitors include Authum Investment and Infrastructure, Northern Arc, DMI Housing, Kifs Housing Finance, and Omkara Asset Reconstruction Company. Authum has proposed ₹750 crore, consisting of ₹450 crore upfront with the remainder staggered over two years. Northern Arc submitted an offer of ₹625 crore, including ₹325 crore upfront and the rest payable in two years. DMI Housing’s offer includes an upfront…

CommercialLatest Stories

WeWork India Struggles on Trading Debut Amid Valuation Woes

BENGALURU: WeWork India Management shares made their trading debut on Friday, closing down 3% and valuing the co-working space provider at approximately 84.25 billion rupees (around $950 million). Investors expressed concerns regarding high valuations and governance issues. The shares opened just above the IPO offer price of 648 rupees before dipping as much as 5.2% to 614.25 rupees. The company, which licenses its brand from the now-bankrupt WeWork Global, raised approximately $338.16 million in its IPO, which was subscribed 1.15 times, largely driven by institutional interest. “Investors are uncomfortable with the valuation, and WeWork is feeling the pressure,” commented Aishvarya…