Tech Mahindra, Shriram City Union Finance and NMDC to see some action today

IDBI Bank Ltd. | Bank - Private | BFSI | BSE: 500116 | NSE: IDBI

14 Mar 2022 Evaluate

Tech Mahindra is all set to acquire 100 per cent stake in Mumbai-based enterprise application company Thirdware for $42 million (about Rs 322 crore) in an all-cash deal. The acquisition is expected to bolster Tech Mahindra's digital solutions and services in automotive consulting, design, development and implementation in areas like enterprise resource planning, industrial internet of things etc.

Shriram Housing Finance, promoted by Shriram City Union Finance, has set a target of doubling its loan-book to Rs 10,000 crore and become the third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore.

NMDC has produced 8.87 million tonnes (MT) of iron ore during January-February 2022, a year-on-year rise of about 13 per cent. The company had produced 7.72 MT of iron ore during the first two months of 2021.

ICICI Bank has raised Rs 8,000 crore through the allotment of 80,000 senior unsecured redeemable long-term bonds in the nature of debentures on private placement basis. The bonds are listed in the relevant segment of the NSE. There are no special rights/ privileges attached to the bonds, which carry a coupon of 7.12 per cent per annum, payable annually, and were issued at par.

IDBI Bank is planning to invest over Rs 272 crore in the government-promoted bad bank National Asset Reconstruction Company (NARCL). IDBI Bank has become one of the stakeholders of NARCL on March 10, 2022 by executing an investment agreement to participate in the equity share capital and NCDs (non-convertible debentures) proposed to be issued by NARCL.

Vikas Lifecare is planning a capital expenditure of about Rs 120 crore to expand operations. The company also plans to hire 250-300 people to support its new projects. Under the expansion plans, the company will set up an ethanol project on a 20-acre land parcel and agri projects on 100-120 acres of land. The land parcels are to be bought in Lucknow and Chandigarh.

Mahindra Holidays & Resorts India has sold entire stake consisting of 5,738 equity shares (10.76% stake) in Nreach Online Services (Nreach), for a consideration of Rs 29.31 crore. Earlier, the company had entered into an agreement for sale of shares on February 17, 2022.

IDBI Bank Share Price

84.72 0.62 (0.74%)

14-Jul-2026 09:07 View Price Chart

Peers

Company Name	CMP
HDFC Bank	812.05
ICICI Bank	1405.05
Axis Bank	1316.15
Kotak Mahindra Bank	382.35
Indusind Bank	1014.30
View more..

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.