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HDB Financials disappointed again in Q3FY21, NPA rises to 5.9%.

HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an aspirational India, serving both Retail & Commercial Clients. It is a Systemically Important Non-Deposit taking Non-Banking Financial Company (‘NBFC’). It is a subsidiary of HDFC Bank.

HDB Financials has come up with the Q3FY21 numbers and the results have disappointed again as NPA have risen continuously in consecutive quarters.

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HDFC Securities has come with bumper Q3 FY21 results

HDFC Securities, the flagship company of HDFC Group has come up with the third-quarter results.

In the third quarter i.e. Dec 2020, HDFC Securities has clocked revenue of 335 crores; it was only 214 crores last year in the same period. This has translated into a massive 56% growth in revenue. Total expenses have also gone up to 110 crores as compared to 86 crores last year in the same period.

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Plutus wealth management enters in Nazara Tech before IPO

Financial advisory firm Plutus Wealth Management LLP and its associates have bought shares worth Rs 500 crore in Rakesh Jhunjhunwala-backed mobile gaming startup Nazara Technologies. The shares have been purchased from Nazara’s early investor WestBridge Ventures’ private equity fund WestBridge Ventures II Investment Holdings in a secondary transaction to provide latter the complete exit from the gaming company that had developed popular games such as World Cricket Championship, Chhota Bheem Race, Motu Patlu Race, etc. WestBridge Ventures had put around Rs 22.6 crore in Nazara and obtained sales consideration of around Rs 1000 crore from its investment.

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How to Sell Unlisted Shares in India?

Hi,

Please find the proposal to sell unlisted shares at Unlisted Zone.

1. We will confirm our buying price.

2. We will give you our client master report and you will transfer the shares to our account.

3. We will ask for bank details of you once the shares are received in our demat account.

4. We will transfer the funds in your account within 24 hrs of receiving the shares.

5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER. No CASH DEPOSIT / IMPS.

6. Payment will be given in the same account which is linked to demat account.

7. Happy investing.

Dinesh Gupta
Partner, 8010009625
UnlistedZone- Best Place to Buy and Sell Unlisted Shares in India

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How Capital Gain works in the Unlisted Market?

There are two types of Capital Gains that exists in the unlisted market.

1. Long-Term Capital Gain.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares.

LTCG is 20%.

2. Short-Term Capital Gain

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares.

Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

How much Capital Gain needs to pay after listing?

As we know, once company is listed on the BSE or NSE, the unlisted or Pre-IPO shares gets locked for one year. So, if you sell after one year on the exchanges, you need to pay 10% LTCG (as LTCG is 10% in the Listed market).

For any other tax clarification, please feel free to mail us sales@unlistedzone.com.

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