Page 19 - Fundraising

ACKO raises $60 million from Munich Re and other existing investors

The digital insurance company had raised around $36 million last year from Binny Bansal and Ascent Capital

Shapoorji Pallonji group may sell S&W stake as Tatas nix Brookfield plan

Group may seek debt moratorium at real estate project level or even sell land parcels across India, say analysts

SBI board approves proposal to raise Rs 8,931 crore via Basel III bonds

The bonds in the nature of debentures qualifying as tier 2 capital of the bank have face value of Rs 10 lakh

Robust foreign inflows, fundraising by banks help rupee fight August curse

ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month

NLC India says it has raised Rs 1,000 crore by issuing commercial paper

NLC India on Friday said it has raised Rs 1,000 crore by issuing commercial paper.

Turbostart announces Rs 50-crore Series-II funding round for startups

Business accelerator firm Turbostart on Thursday announced a second series of funding round, 'Cohort II', with a Rs 50-crore corpus for start-ups.

Phoenix Mills to raise Rs 1,200 cr via qualified institutional placement

The company's board has already taken an enabling resolution from shareholders to raise as much as Rs 1,200 crore

Fitness startup Fitternity looking to raise $12-15 million by January

Fitness startup Fitternity, which claims to be the largest platform for wellness equipment and services in the country, is planning to raise $12-15 million (around Rs 90-112 crore) from overseas inves

UCO Bank approves raising Rs 3,000 cr in FY21, awaits shareholders nod

In a regulatory filing, the bank said that it will now seek shareholders' approval in its annual general meeting on August 7

City Union Bank board approves raising Rs 1,100 cr through equity, debt

The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month

Adani Ports fund-raising plan of $1.25 bn draws negative rating outlook

Agencies see strong fundamentals for Adani despite lowered ratings outlook

YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15

Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO

YES Bank FPO to open on July 15, raise up to Rs 15,000 crore

Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering

Closed-end AIFs extend fundraising cycles as pandemic hits sentiment

Some players approach Sebi to seek-industry wide relief

IDBI Bank to raise Rs 595 crore by divesting 27per cent stake in IFLI

The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in IDBI Federal Life Insurance at a combined value of Rs 595 crore

Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28

NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years

IDFC First Bank to raise Rs 2,000 cr capital from promoter, Warburg Pincus, 3 others

Under the fundraising, the equity shares will be issued at Rs 23.19 apiece to the existing and new investors, subject to shareholders' nod and other approvals.

Sebi plans to ease fundraising norms for listed stressed companies

Currently, the pricing covers a period of 26 weeks or more for frequently traded shares

Facebook launches fundraiser platform to help push Covid-19 relief efforts

With 'Facebook Fundraisers', anyone can set up a dedicated page for a cause, and rally others around a fundraising goal

Reliance Industries to consider fundraising proposal on Thursday

RIL will consider fundraising by issuing listed, secured/unsecured and redeemable non-convertible debentures on a private placement basis