Page 10 - Fund Raising
Mahindra Finance raises Rs 225 crore through bond issuance
Mahindra Finance on Thursday announced raising up to Rs 225 crore by issuing bonds. A meeting of the duly authorised committee was held on June 24, 2021, approving the allotment of 2,250 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 225 crore, Mahindra & Mahindra Financial Services (Mahindra Finance) said in a regulatory filing. The date of allotment of bonds is June 24, 2021 and they are set to mature on June 24, 2026, The five-year tenure bonds carry coupon rate of 6.35 per cent per annum. Mahindra Finance stock traded 0.61 per cent lower at Rs 155.60 apiece on the BSE.
 "Mahindra Finance raises Rs 225 crore through bond issuance")
State-owned UCO Bank looks to raise up to Rs 500 crore
The board of directors will consider the proposal for raising tier-II capital of up to Rs 500 crore at its meeting scheduled to be held on June 23
 "State-owned UCO Bank looks to raise up to Rs 500 crore")
Shriram Transport Finance raises nearly Rs 2,000 crore through QIP
The issue, which was launched on June 7, 2021, received 6.3 times oversubscription, a company release said.
Yes Bank board approves plan to raise up to Rs 10,000 cr via debt
Yes Bank on Thursday received board approval for raising up to Rs 10,000 crore by issuing debt securities.
 "Yes Bank board approves plan to raise up to Rs 10,000 cr via debt")
Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others
Whatfix is a digital adoption solutions provider
 "Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others")
Reliance Infra, Reliance Power: Trading strategies for ADAG stocks
Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term
 "Reliance Infra, Reliance Power: Trading strategies for ADAG stocks")
Britannia Industries to raise Rs 698.51 crore via bonus debentures
Britannia Industries on Thursday said its board has approved a proposal to raise Rs 698.51 crore by issuing bonus debentures to eligible equity shareholders.
 "Britannia Industries to raise Rs 698.51 crore via bonus debentures")
Urban Company raises $255 million, valuation crosses $2.1 billion
Home services marketplace Urban Company on Wednesday said it has raised $255 million (about Rs 1,857 crore) in funding led by Prosus Ventures, Dragoneer and Wellington Management
 "Urban Company raises $255 million, valuation crosses $2.1 billion")
PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore
Carlyle has agreed to invest up to Rs 3,185 crore through a preferential allotment of equity shares and warrants, at a price of Rs 390 per share
 "PNB Housing Fin zooms 20% on board nod to raise Rs 4,000 crore")
After $400 mn fundraise, Dream Sports deploys $50 mn in subsidiary Fancode
Dream Sports has invested USD 50 million in its subsidiary Fancode (FC) to help the platform's expansion activities to become one with the largest sports fans base
 "After $400 mn fundraise, Dream Sports deploys $50 mn in subsidiary Fancode")
Yalo raises $50 mn funding led by existing venture investor B Capital Group
Yalo will use the financing to deepen its presence in Latin America and Southeast Asia
 "Yalo raises $50 mn funding led by existing venture investor B Capital Group")
Canara Bank board meeting on Friday to consider capital raise for this fiscal
The bank is looking to raise capital through a mix of equity and debt instruments
 "Canara Bank board meeting on Friday to consider capital raise for this fiscal")
IPO boom: $140.3 billion raised globally via 670 offers in 2021
At 670, the number of issues / IPOs in the first five months of CY21 is the second-highest since the calendar year 2000 when 677 IPOs hit the Street globally.
 "IPO boom: $140.3 billion raised globally via 670 offers in 2021")
Myelin Foundry raises pre-series A funding of $1 million from Japanese VC
The new round will be used to consolidate Myelin's products in the India video streaming market, and to expand into international markets
 "Myelin Foundry raises pre-series A funding of $1 million from Japanese VC")
Rubix Data Science raises Rs 6.2 crore from Cactus Venture, others
Proceeds will be invested in enhancing technology and analytics capabilities of the Rubix Automated Risk Management and Monitoring System (ARMS) platform
 "Rubix Data Science raises Rs 6.2 crore from Cactus Venture, others")
Fund raising via NCDs drops 29% in FY21 on decline in credit ratings
Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21
Highest-ever fundraising via IPOs in FY21; FY22 will be tough: Analysts
Retail investors were the key drivers of the momentum seen in the primary markets in FY21. The road in FY22, however, will not be easy as investors are likely to become choosier
 "Highest-ever fundraising via IPOs in FY21; FY22 will be tough: Analysts")
Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise
This is the largest investment in the Indian sports tech ecosystem to date
 "Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise")
Indian IPO fundraising at 13-year peak as mom-and-pop investors pile in
The stimulus unleashed by central banks globally in response to the Covid-19 pandemic also has driven flows from foreign investors into many emerging market shares, particularly India
 "Indian IPO fundraising at 13-year peak as mom-and-pop investors pile in")
Sebi bars 3 companies, 10 individuals for illegal fund raising activities
Regulator Sebi on Friday barred three companies and ten individuals from the securities market for illegally raising money from investors in the name of investments for teak trees.
 "Sebi bars 3 companies, 10 individuals for illegal fund raising activities")
