Page 8 - Fund Raising

Greenlam to invest Rs 950 cr on new plant for plywood, particleboard biz

The investments in the new laminate plant and particleboard will be done by Greenlam South Ltd

Fabric-maker Raymond to raise Rs 100 cr through non-convertible debentures

The company's board is meeting on December 17 to consider and approve the NCDs

Ola in talks to raise over $1 billion through equity, debt: Report

Ola is in talks to raise over USD 1 billion in funding through a mix of equity and debt over the next few months as the ride-hailing platform prepares for hitting the IPO route next year, according to sources. The company has recently raised over Rs 1,049 crore (about USD 139 million) from Edelweiss and others at a valuation of over USD 7 billion. According to sources, Ola is in discussions to raise a pre-IPO round of over USD 1 billion at a valuation of USD 7.5 billion. The fund raise, which is expected to be done in multiple tranches, would be a combination of equity and debt, they added. Ola did not respond to emailed queries. The USD 139 million equity funding raised is part of this larger round, they said adding that the proceeds will be utilised for key growth areas in the new mobility ecosystem. Ola is also looking at raising USD 500 million via a Term Loan (TLB) from global institutional investors. It had recently received a B-rating from S&P Global and a B3 credit rating

Start-ups ready for scrutiny, tiger-ride should go public: Industry experts

Companies wanting to go public to raise money from the market should weigh the pros and cons, said Nazara Technologies CEO Manish Agarwal

Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP

Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June

Consumer technology brand Nothing raises additional $50 million

The company plans to use the fund towards research and development in preparation for the brand's entry into new product categories as part of its ecosystem.

Ola Electric is raising another $200 mn at over $5 bn valuation: Sources

On September 30, Ola had announced raising over $200 mn in funding from Falcon Edge, SoftBank and others, valuing it at $3 bn

Chingari raises $19 mn, picks Solana blockchain for its crypto token

Short-video platform Chingari on Friday said it has raised over $19 million that will help it build its token called '$GARI' with Solana, the fastest-growing ecosystem in crypto technology.

Chalo raises $40 mn from Lightrock India, Filter Capital, others

Chalo, which powered 20 million bus rides in September 2021, has 15,000 buses live on its platform and a presence in 31 cities

Bank of India raises Rs 1,800 cr via Basel-III-compliant bonds

State-owned Bank of India on Thursday said it has raised Rs 1,800 crore by issuing Basel-III-compliant bonds. The bank raised Rs 1,800-crore Basel-III-compliant tier-II bonds on September 29 on a private placement basis, it said in a statement. The 10-year tenure bonds with a 5-year call option had a base issue size of Rs 1,000 crore and carries a coupon rate of 7.14 per cent. The issue was oversubscribed by two times, said the lender. "Bank has also successfully concluded the QIP issue of Rs 2,550 crore during August 2021, and with this issuance of QIP (qualified institutional placement), the Government of India stake in the bank has reduced to 81.41 per cent from 90.34 per cent earlier," it said. Earlier, Bank of India had raised Rs 1,352 crore of Basel-III compliant additional tier-I bonds on a private placement basis. Adequate capital buffer will facilitate better management of asset erosion, if any, and growth in the loan book through better risk appetite in a real sector ..

Skill tech platform Mechaniks TV plans to raise $1 mn for expansion

Independent skill-tech platform for automotive mechanics, Mechaniks TV, is in the process of raising funds of $1 mn for expansion of its offering and technology enhancement

Y Combinator-backed fintech Karbon raises $12 mn in pre-Series A round

Karbon will use the funds to step up its product development, hiring plans and operations. It expects to double its headcount to 60 over next 6 months

Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan

On Tuesday, the company announced successful raising of Rs 807.83 crore by way of issuance of Non-Convertible Debentures

Blue-collar worker app Apna becomes a unicorn in under two years

Apna helps bottom-of-the-pyramid job seekers with setting up simple profiles requiring only their name, age and skills.

COGOS raises $2 mn in pre-Series A funding led by Transworld Group

The firm plans to expand its business to the internal market and further strengthen and develop its technology platform

Tata Capital Financial Services plans to raise up to Rs 11,500 crore

Tata Capital Financial Services made a profit of Rs 678 crore in FY21, as compared to Rs 114 crore in FY20

Airtel jumps 8% in 2 days on Rs 21,000 cr fundraise, Google investment talk

According to media report, Google is now in talks to make large investments in Airtel

Bharti Airtel shares gain over 4% on Rs 21,000-cr fundraising plan approval

Shares of Bharti Airtel on Monday gained over 4 per cent after the company's board approved raising up to Rs 21,000 crore by way of rights issue

Sebi comes out with modalities for accredited investors framework

Sebi on Thursday came out with detailed modalities for implementation of the accredited investors framework, a move expected to open up a new channel of raising funds from sophisticated investors

Tata Sons seeks shareholders' approval to raise Rs 40,000 crore in debt

The shareholders will vote on the proposal on September 14 at the company's annual general meeting