DSIJ Mindshare

Auto Industry in 2018 has gone through a bumpy ride due to various reasons such as higher ownership cost of vehicle owing to an increase in insurance cost and higher fuel prices. Also, on the demand front, the industry witnessed a setback and even in festive seasons, auto sales were muted as automakers failed to lure customers with heavy discounts.

Global investment firm Oaktree Capital purchased loans from DHFL’s wholesale portfolio on a true sale basis. The transaction is in accordance with RBI’s Securitization Guidelines.

Following stocks are close to their 52-week low as at 2.57 p.m. on January 29, 2019.

The markets on January 29, 2019 opened gap down. BSE Sensex is trading at 35,469.83, down by 186.87 points and the Nifty is trading at 10,609.45, down by 52.10 points. 

The IPO market in the second half of 2018 almost dried up as the market sentiments and situation were not lucrative for companies. But in the start of 2019, Chalet Hotels seems to be betting big on the current market conditions with the launch of its primary issue on Tuesday, January 29.