Page 12 - Fund Raising

Healthcare platform MediBuddy closes $40 million funding round

The firm raised the money in a Series B funding round

Robinhood raises $3.4 billion from investors amid surge in trading

The move comes amid a spike in trading on Wall Street fuelled by small investors driving up shares in GameStop and other stocks

Prudential drops Jackson IPO in favour of demerger, may raise $2.5-3 bn

Former MetLife CEO Steven Kandarian will become non-executive chair of Jackson from Feb 1, Prudential said

Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP

Apollo Hospitals said it will use the funds raised to acquire a 50 per cent stake in a joint venture, seek inorganic growth opportunities, as well as, look to pare down debt in its balance sheet

Stove Kraft IPO to open on Jan 25; price band fixed at Rs 384-385 a share

Stove Kraft Ltd is a manufacturer of kitchen appliances

Food-grocery marketplace Jumbotail completes $25 million fundraise

Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years

Cred raises $81 million funding, undertakes $1.2 million buyback plan

This gives the fintech firm a post-money valuation of $806 million (about Rs 5,883 crore)

Fund raising via equity issues jumps more than doubles in 2020

The devastating pandemic failed to dampen the primary and secondary capital market issuances

Mindspace REIT raises Rs 200 crore through issue of debentures

The issue was on a private placement basis

Shriram City Union Finance to raise up to Rs 200 cr through bonds

The bonds will be in the nature of secured, rated, listed, redeemable, principal protected market linked debentures (PP-MLD)

Muthoot Finance to raise Rs 1,000 cr through public issue of bonds

The allotment will be on first come first serve basis

Companies raise over Rs 73,000 cr from capital markets in October

Rs 62,331 crore was mopped up from private placement of debt securities

Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr

State-owned Punjab & Sind Bank on Wednesday said the board of bank will meet later this week to consider raising up to Rs 5,500 crore by issuing shares on a preferential basis. "A meeting of board of directors of Punjab & Sind Bank is scheduled to be held on Saturday, November 21, 2020, for considering to offer, issue, create and allot equity shares up to Rs 5,500 crore (including preferential issue of equity shares)," the bank said in a regulatory filing. Shares of Punjab & Sind Bank on Wednesday closed 0.88 per cent up at Rs 11.40 apiece on the BSE.

Shoppers Stop to raise Rs 300 cr via rights, issue open Nov 27-Dec 11

Existing investors holding 70 shares can apply for 17 new shares at Rs 140 apiece

RBL Bank completes Rs 1,566 cr fund raising through preferential allotment

With this, the lender's capital adequacy has gone up to to 18.7%

Zomato raises $195 mn in funding from 6 investors, valued at $3.6 bn

Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis

Sundaram Home Finance to raise Rs 2,000 cr in H2 through debt, bank funding

The company plans to raise it through a mix of debt instruments and bank funding

Fund raising via capital markets drops 31% to Rs 75,230 crore in Sept

Companies garnered over Rs 75k cr from capital markets in Sept, a decline of 31% from the last month, with private placement of debt instruments continuing to be most preferred route for financing biz

Hospitality firms may go for fund raising to stay afloat as recovery eludes

EIH's successful rights issue to help firm reduce debt substantially, paves way for more companies to actively consider fund raising

JSW to raise $1 bn from overseas, domestic markets to retire debt

The company has also agreed to acquire Bhushan Power and Steel for Rs 19,700 crore and has kept the funds ready for the acquisition