Thu, Nov 7, 2024 9:02 AM
Adani Enterprises revises capex guidance for FY25
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Niva Bupa Health Insurance Company Ltd, a joint venture between Bupa Group and Fettle Tone LLP, offers a range of health insurance products and achieved a 41.3% CAGR growth in GWP from FY22 to FY24, with a 17.3% SAHI market share as of August 2024, making its current valuation reasonable and IPO rating 'SUBSCRIBE'.
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Real estate developer Macrotech Developers Ltd announced that it has purchased the entire stake held by private equity major Bain Capital in three of the company's digital infrastructure subsidiaries for a total consideration of Rs 307 crore. The buying out of Bain Capital is part of the company's longer-term strategy of increasing annuity income to Rs 1,500 crore per year.
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Shares of Adani Enterprises Ltd fell as much as 3.4% on Thursday, November 7, after the company cut its capital expenditure guidance for financial year 2025. As per the transcript of its post earnings call for the September quarter, the management now expects full-year capex to be around ₹67,000 crore, down from the ₹80,000 crore it had guided for at the start of financial year.
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