In today’s briefing:
- Five Star Business Finance (FIVESTAR IN) | A Five Star Business
- HDFC/HDFC Bank Mega Merger: Are We There Yet?
- Sequoia India Leads $5.7m Round for Climate Tech Startup Newtrace
Five Star Business Finance (FIVESTAR IN) | A Five Star Business
- Five Star Business Finance (FIVESTAR IN) is a NBFC based in India, specializing in providing financial services to small and medium-sized enterprises (SMEs) in the informal and semi-formal sectors.
- The focus on in-house sourcing, collection, and risk management aids in maintaining strong asset quality.
- In terms of valuations, FIVESTAR trades at a premium. However, considering its competitive moat and growth potential, any available opportunities should be capitalized upon.
HDFC/HDFC Bank Mega Merger: Are We There Yet?
- An interview with Deepak Parekh set a bunch of stocks on fire. Then came the HDFC Bank (HDFCB IN) exchange announcement that said the dates were still tentative.
- Indications are that the merger could be effective 1 July and HDFC Limited (HDFC IN)‘s last trading day would be 13 July.
- The merger will have an impact on both HDFC stocks and on other stocks that could be added to the NIFTY Index, NIFTYJR INDEX and SENSEX Index.
Sequoia India Leads $5.7m Round for Climate Tech Startup Newtrace
- Demand for green hydrogen – or hydrogen that is generated by renewable energy – is expected to climb in the coming years as governments push for a cleaner future.
- Newtrace, a climate tech firm based in India, is developing a new type of electrolyzer, which is used to create green hydrogen from renewable electricity.
- The company says its electrolyzers have lower costs and higher efficiency than what is commonly used in the market.
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