Page 14 - Fund Raising

Tata Steel gets committee of directors' nod to raise Rs 670 cr via NCDs

The NCDs are proposed to be listed on the wholesale debt market segment of the BSE

YES Bank in talks with mutual funds for raising up to $500 million

If the private bank is able to raise funds in this round, it would get some breathing space

CPCL raises Rs 1,145 crore through NCBs issue to meet capex funding

The fund raising is to meet the funding of capex and financing of normal business activities

Kredent InfoEdge plans to raise $8 million in the next two years

Launched in 2016, the StockEdge is the 'fastest- growing' capital market data analytics app and has been downloaded more than 1.5 million times, he claimed

Sumitomo Mitsui Banking Corporation picks up 5.4% stake in Northern Arc

SMBC will make investments in transactions structured and executed by Northern Arc as well as provide on-balance sheet lending to Northern Arc's partners

Venture Capital firm 3one4 raises Rs 400 crore for its third fund

Fund managed by Pranav and Siddartha Pai, sons of former Infosys director and CFO T V Mohandas Pai, has invested in 50 startups so far

New Sebi framework to strengthen issuances of depository receipts

Experts believe that issuing DRs has the added benefit of increasing the share's liquidity while boosting the company's prestige on its local market

Tata Motors to raise up to $300 mn by issuing bonds in November

The company said the bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading Ltd

Regulators working on tighter norms for promoter pledged share funds

RBI, Sebi, Irdai and PFRDA to work closely on new framework

Fund raising via NCDs drop 67% on low investors' confidence in Apr-Aug FY20

NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures

CG Power may raise funds through equity route, sell non-core assets

The revival plan includes an equity-based fund raising, seeking lender support and sale of non-core assets

Govt may cap overseas bond sale at $5 bn this yr, huge risks involved: DBS

Instead, the report argued that increasing the ceiling on foreign portfolio investors in govt securities is a better option considering the huge risks in raising debt in a foreign currency

Fund raising via preferential allotment jumps 11-fold in June quarter

Indian companies garnered nearly Rs1 trillion through issuance of shares on preferential basis in the April-June quarter of the current fiscal year

India Inc raises Rs 1.4-lakh crore via equities in CY17

Fund raising through the equity route hit an all-time high, touching Rs 1.4-lakh crore mark during the current calendar year 2017 (CY17). In all, companies raised a record Rs 140,073 crore in the 10-and-half months of CY17 (January - November 14, 2017) through various equity instruments. This includes initial public offers (IPO), follow-on offers (FPO), offer for sale (OFS), rights issues, institutional placement programme (IPP) including qualified institutional placements (QIP).The amount is more than double as compared to the entire previous calendar year 2016 (CY16), when companies raised Rs 46,733 crore. Earlier in CY10, they had raised Rs 104,462 crore (Rs 1.04-lakh crore) via equities, the data from PRIME Database show.Analysts attribute this to the buoyant secondary market that has seen the benchmark indices - the S&P BSE Sensex and the Nifty 50 - rally nearly 25% thus far in CY17."Promoters are making use of the bull run in the secondary market to raise funds. Valuations ..

India Inc lines up Rs 15,000-cr fundraising plans

India Inc has lined up plans to raise funds worth about~15,000 crore over the next four to six weeks.Buoyancy in the market, with the benchmark Sensex and Niftyat record highs, and positive sentiment towards primary issuances are givingconfidence to companies and investment bankers to push ahead with theircapital-raising plans. The modes of capital mobilisation would includeinfrastructure investment trust, or InvIT (a new hybrid instrument that investsin infrastructure projects), initial public offerings (IPOs), qualifiedinstitutional placements (QIPs) by listed companies, and offer for sale (OFS)by the government.Between November 2016 and February 2017, equity fundraisinghad taken a hit due to the uncertainty created by demonetisation. However,investment bankers say investor sentiment -both foreign and domestic- has onceagain turned positive to absorb the supply of new paper coming into the market.At least two infrastructure companies - IRB Infrastructureand Sterlite Power Grid - ...

Fund raising via preferential route down 11% to Rs 18,600cr

Funds have been mobilised for business expansion, refinancing debt, working capital requirements and general corporate purposes

Indian firms to raise $5-bn forex loans

Public sector companies ahead of private peers in raising funds abroad

Fundraising via bonds falls in H1

Declines 25 per cent as India Inc's capex remains low; overseas loans remain flat