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Recommendation: Add; Target price: Rs 5650

Funding for the acquisition is likely to be a mix of debt + equity.

The funding is being provided as the diverse gaming and sports media company tries to accumulate cash for future acquisitions that would enable it to expand its current operations.

Of the over 100,000 startups incorporated in the country since 2016, less than 5% work with incubators to gain entrepreneurial expertise.

SMP clocked Ebitda margin of ~6.5% in H1FY24, translating to Ebit margin of about 2.5%.

Imports of DAP and NPKs declined 31% and 16% YoY respectively in Q3’24.

Following investors' disappointment with the private sector lender's October-December quarter (Q3FY24) performance, HDFC Bank shares fell more than 8% on January 17 to settle at Rs 1,536.

Sheetal Agarwal of IIFL caught up with the management of the IPO-bound company. Edited Excerpts:

According to news reports, both banks are engaging with potential lenders in an effort to disburse the loan to a larger network of banks around Asia.

Recommendation: Add; Target price: Rs 5650