Page 2 - Equity Capital

UCO Bank gets board nod for Rs 3,000-cr equity capital raise in FY22

State-owned UCO Bank on Thursday said its board has approved raising Rs 3,000 crore equity capital for the current fiscal year.

IDBI Bank board to consider proposal to raise equity capital on May 15

The board of IDBI Bank will consider the proposal to raise equity capital through various modes in its meeting on May 15

PNB to raise equity capital from share sale; sets floor price at Rs 35.51

Punjab National Bank (PNB) on Monday said its board has approved raising equity capital from qualified institutional investors to enhance its capital base.

Best start to equity capital market activity in three years, shows data

Real estate took second place with a 14.3% share, while materials rounded out the top three with an 11% share

ECM activities: ICICI Securities takes pole position with Rs 9K-crore deals

The first quarter of 2021 was strong for ECM activity with 46 deals worth Rs 56,300 crore, an increase of nearly 50% over the same period of 2020

Govt infuses Rs 5,500-crore equity capital into Punjab and Sind Bank

The government has infused Rs 5,500 crore equity capital into Punjab & Sind Bank in lieu of allotment of over 335 crore preference shares to it. The lender on Thursday allotted 3,35,16,14,868 equity shares of the bank at an issue price of Rs 16.41 per equity share to the government aggregating to Rs 5,500 crore. The shareholders approved the allotment of shares to the government with requisite majority of 99.018 per cent, cast in favour of the resolution, the bank said in a regulatory filing on Friday. With the allotment, Government of India holding has increased from 83.06 per cent to 97.07 per cent, it said. Punjab & Sind Bank stock was trading at Rs 16.10 on BSE, down 1.83 per cent from the previous closes.

Indian Bank seeks shareholders nod for Rs 4,000 cr equity capital raise

State-owned Indian Bank on Tuesday said it held an extra-ordinary general meeting (EGM) to seek shareholders nod for raising equity capital up to Rs 4,000 crore through various means. Extraordinary General Meeting (EGM) of the bank was held on 2nd March, 2021 through video conferencing/other audio visual means in accordance with government guidelines, the bank said in a regulatory filing. The EGM was chaired by bank MD&CEO Padmaja Chunduru who informed that sole agenda of the meeting was to seek approval of shareholders by way of passing special resolution to raise equity capital up to Rs 4,000 crore through QIP/FPO/rights issue or any combination of these, Indian Bank said. "The resolution seeks to enable the bank to create, offer, issue and allot equity shares by way of follow on public offer and/or on a private placement basis or any other mode approved by GOI and RBI. The issue proceeds will enable the Bank to strengthen its capital base to support growth," it said. As of now,

Shriram Housing Finance to raise Rs 400 crore equity capital in H1FY22

The capital will predominantly come from within Shriram group

Centre plans to offload 10% stake in Rashtriya Chemical and Fertilizers

The government holds 75 per cent stake in RCFL and intends to disinvest 10 per cent of the paid up equity capital through an offer for sale

Despite odds, fund raising via equity issues jumps 28% in Apr-Sep

The fund raising through public and rights of issue of equities increased nearly 28 per cent to Rs 76,830 crore during the first half of financial year 2020-21

Canara Bank to raise Rs 5,000 cr in FY21 to strengthen capital base

The bank will seek shareholders' nod at AGM to be held on August 10 through audio/visual means in view of the coronavirus pandemic

FPO set for comeback as fund raising tool with Yes Bank's mega offering

The last successful FPO to hit the domestic market was in 2014 by Engineers India. Apart from that, only three others have successfully launched an FPO

RBI bars YES Bank from coupon payment on Upper Tier II bonds

The private lender had approached banking sector regulator RBI seeking approval to pay interest due as on June 29, 2020 for Upper Tier II Bonds

Kotak Mahindra Bank to consider raising equity capital

On a standalone basis, as of December quarter, the lender had a capital adequacy ratio of 18.2 per cent, with tier 1 capital at 17.7 per cent. The regulatory requirement is at 11.07 per cent

SBICAP Ventures spots 12 stuck housing projects in first funding round

Most of the stalled projects are in eight large cities and 60 per cent of them are in the Mumbai Metropolitan Region and National Capital Region

ICICI Bank looks to mop up 15,000 cr in equity capital this financial year

The funds mopped up could be utilised primarily to aid the bank's growth

Equity capital raising at three-year high; Axis Bank tops the league table

Axis Bank topped the league table, with Citibank coming a close second

Equity issuances see a spurt in March quarter

Equity capital raising has witnessed a 47% rise in the first three months of 2017