In today’s briefing:
- Narrative and Numbers | Housing Finance – PSUs | FY24
- Yamaha Motors Placement – A Relatively Small Cross-Shareholding Unwind
Narrative and Numbers | Housing Finance – PSUs | FY24
- This Insight focuses on PSU owned Housing Finance companies – PNB Housing Finance Ltd (PNBHOUSI IN) , LIC Housing Finance (LICHF IN) and Can Fin Homes (CANF IN).
- PNB Housing aims to focus on affordable housing, LIC Housing Finance is possibly struggling due to its size and a conservative risk appetite.
- Can Fin Homes exhibits some serious questions regarding its internal controls and underwriting policies.
Yamaha Motors Placement – A Relatively Small Cross-Shareholding Unwind
- A group of shareholders aims to raise around US$330m via selling around 3.6% of Yamaha Motor (7272 JP).
- This will be another cross-shareholding unwind and hence, won’t be a huge surprise, although the stock hasn’t been doing particularly well lately.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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