Page 18 - Fundraising

VHP to reach out to 130 mn families for fundraising of Ram temple

The Vishwa Hindu Parishad (VHP) is planning to reach out to 13 crore families across 5.25 lakh villages in the country to collect funds for the construction of a grand Ram temple in Ayodhya

Shriram Transport Finance plans to raise funds via debt securities

Shriram Transport Finance Company on Tuesday said its board will meet next month to consider raising funds through the issuance of debt securities

In search of Covid capital, companies raised Rs 1.7 trillion in 2020

Of this, Rs 1.44 trillion was raised through QIPs and rights issues

Azim Premji, SBI MF invest Rs 350 cr in Tube Investments preferential issue

The money will be used to fund TII's organic and inorganic growth, including acquisition of CG Power and Industrial Solutions and TII's proposed capex

Apollo Hospitals plans to raise Rs 1,500 crore in next two months

The pharmacy business is one the main segments that helped Apollo cushion from any big shocks due to the pandemic

PSBs may find it hard to raise money on asset quality, governance concerns

While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue

GMR Airports to raise Rs 3,000 crore through non-convertible debentures

Half of this amount (Rs 1,500 crore) will be raised through one-year debentures and the balance through NCDs having 36-month maturity

Bank of Maharashtra raises Rs 200 crore under tier II bond programme

The coupon offered on the bond was 7.75 per cent

Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion

Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn

China display maker Royole Corp ditches US to seek $1.8 billion local IPO

The final fundraising size depends on market conditions and is still subject to changes, said the people.

Village Global invests unknown sum in Kitchens Centre's Pre-Series A round

The start-up offers fully-fitted shared kitchens to online food and FMCG brands making it easier for them to launch operations, penetrate market faster

Fundraising by fintechs took a hit due to Covid-19 pandemic, lockdown

According to the RBI, banks, which earlier viewed fintechs as disruptive forces, are looking at them as enablers in banking and finance

Embassy REIT raises Rs 750 crore via non-convertible debentures

Embassy Office Parks REIT on Tuesday said it has raised Rs 750 crore by issuing debentures on private placement basis and will use the funds for completing ongoing commercial projects and recent acquisition. Embassy REIT is the country's first listed REIT (Real Estate Investment Trust) and the largest in Asia by area. It got listed in April last year after raising Rs 4,750 crore through public issue. In a filing to BSE, Embassy REIT said it has "successfully priced and allotted by way of a private placement, Rs 7.5 billionor Rs 750 crore of rupee-denominated, listed, rated, secured, redeemable, transferable non-convertible debentures (NCDs) at 6.70 per cent quarterly coupon". The NCDs will be listed on the Wholesale Debt Market of BSE. Following our successful Rs 7.5 billion fundraise in September 2020, we are pleased to announce another competitively priced debt raise by Embassy REIT," Michael Holland, CEO of Embassy REIT, said. This successful placement once again demonstrates t

Hindustan Copper board to consider raising funds by issue of shares via QIP

This will be to the extent of 15 per cent of existing paid up equity capital, the state-owned company said in a filing to BSE

Razorpay raises $100 million from GIC, Sequoia Capital India and others

Payments solution provider Razorpay said it has raised $100 million (about Rs 731 crore) in a funding round co-led by Singapore's sovereign wealth fund GIC and Sequoia Capital India.

Chargebee, start-up that helps companies in billing, raises $55 mn

Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date

Lightspeed, Accel lead $18.5 mn seed round in fintech start-up Uni

Founded by Nitin Gupta, former CEO of PayU India and Ola Financial Services, Uni aims to bridge the gap for credit cards and make them become more accessible for consumers across different regions.

Public App raises $35 mn from Lee Fixel's Addition, SIG Global and Tanglin

Investment also marks the return of Lee Fixel for backing Indian startups. He has gained a reputation as a top tech investor and is helping Tiger Global back firms such as Facebook, Spotify and Uber

Sebi eases norms for REITs, InvITs to raise fund in institutional placement

The units allotted on a preferential basis using the pricing method set out by the regulator shall be locked-in for a period of three years, as per the circulars.

PGCIL gets shareholders' nod to raise up to Rs 10,000 cr via bonds in FY22

The company had proposed a special resolution in the AGM to raise up to Rs 10,000 crore from domestic market in financial year 2021-22