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Morgan Stanley Asia (Singapore) Pte acquired a 0.70% stake in Niyogin Fintech, purchasing 6.71 lakh shares at Rs 55.65 each, while Think India Opportunities Master Fund LP sold the same amount. Following this transaction, Niyogin Fintech's shares surged nearly 15% to close at Rs 62.20.In other market activities, Westbridge Crossover Fund LLC divested 32.90 lakh shares of Aptus Value Housing Finance at Rs 320.39, with the stock closing down 0.40% at Rs 310. Additionally, Vikasa India EIF I Fund sold 38,000 shares of Mcon Rasayan India, resulting in a 4% drop in its share price to Rs 146.
Capitolis has secured new investments totaling USD 20 million from Citi, Morgan Stanley, State Street, and UBS, enhancing its funding to USD 170 million. This capital will bolster its Capital Marketplace and Portfolio Optimisation sectors, as demand for its innovative financial solutions continues to grow. The company focuses on improving the safety and efficiency of capital markets through collaboration with financial institutions.
13:45 26.11.2024
Fintech firm Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. This funding will support Capitolis' growth in its Capital Marketplace and Portfolio Optimisation divisions, as the company aims to enhance the safety and dynamism of capital markets. CEO Gil Mandelzis expressed enthusiasm for expanding partnerships with leading banks to further strengthen financial markets.
10:46 26.11.2024
Deutsche Bank's Bankim Chadha predicts the S&P 500 will reach 7,000 points by the end of next year, marking a 17% increase from current levels. This forecast is the most optimistic among Wall Street strategists, significantly exceeding projections from Goldman Sachs and Morgan Stanley, who anticipate a rise to 6,500 by the end of 2025.
Pine Labs has selected five investment banks, including Axis Capital, Morgan Stanley, Citigroup, JP Morgan, and Jefferies, to advise on its upcoming $1 billion IPO, expected in the first half of FY26. Axis Capital is the sole domestic banker, reflecting the company's strong ties with Axis Bank. IPO preparations are currently underway, although Pine Labs has not responded to inquiries regarding the matter.
UBS is focusing on high net-worth women and not-for-profits in Australia, with female clients now outnumbering male clients. The firm aims to recover market share post-Credit Suisse merger, leveraging a strong gender mix among its advisers and responding to increased demand for diverse investment opportunities. Not-for-profit requests have surged, with average investments rising significantly as organizations seek to diversify their portfolios.
00:03 26.11.2024
Wendel SE is considering the sale of Stahl Holdings BV, a chemical manufacturer specializing in coatings and surface treatments. The French investment firm is collaborating with JPMorgan Chase & Co. and Morgan Stanley on the potential divestment, which could occur as early as next year, with Stahl's valuation estimated at up to €2 billion ($2.1 billion).
SL Green Realty Corp. is set to acquire the office portion of 500 Park Avenue in Manhattan from Morgan Stanley for approximately $130 million. The 11-story condo, which spans 201,411 square feet, includes office and retail space and is adjacent to a residential tower.
UBS Group AG is re-entering the Australian wealth management market, targeting the growing number of wealthy women and family offices. Following its acquisition of Credit Suisse, UBS aims to expand its high net worth assets, currently over $30 billion, amidst increasing competition from firms like Morgan Stanley. The firm has noted a significant rise in female millionaires and a fivefold increase in requests from the not-for-profit sector, highlighting a shift in investment strategies towards private equity and sustainable assets.
21:00 25.11.2024
UBS analyst Joseph Spak has raised Tesla's price target to $226 while maintaining a 'Sell' rating, citing concerns over the speculative nature of its AI initiatives, which he believes inflate the market cap by nearly $1 trillion. He estimates that Tesla's auto and energy divisions contribute about $52 per share, with AI-related optimism accounting for the rest. In contrast, Wedbush's Dan Ives views Tesla as undervalued in the AI sector, while Morgan Stanley reaffirms a 'Buy' rating, highlighting its leading self-driving technology.
19:27 25.11.2024
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