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IndiGrid Infrastructure Trust on Friday said it has raised Rs 1,500 crore through an Institutional Placement issue amid widespread investor participation from existing and new investors. The institutional placement issue, launched on January 19, was oversubscribed two times, a statement said. As many as 10 insurance companies and six mutual funds participated, with overall domestic institutional investors' and foreign institutional investors' contributions at 78 per cent and 12 per cent, respectively. This fundraiser follows IndiGrid's preferential issue of Rs 438 crore completed in November 2025. With the completion of this institutional placement, IndiGrid has raised a total of Rs 1,938 crore in equity capital during the fiscal year 2025-26, reflecting a calibrated, phased approach to capital raising. Post issuance, IndiGrid's net debt-to-AUM will be 57 per cent, providing a growth runway of up to Rs 45,000 crore in Assets Under Management (AUM) while remaining within the levera
Telangana aims to attract USD 25 billion in investments, generating five lakh jobs in the life sciences sector by 2030, according to the "Next-Gen Life Sciences Policy 2026-30". The policy was unveiled on the sidelines of the ongoing World Economic Forum in Davos, Switzerland, a press release said on Wednesday. According to the policy, Telangana aims to become one of the world's top three life sciences clusters. Accounting for about one-third of global vaccine production and 40 per cent of India's pharmaceutical production, Telangana is home to over 2,000 life sciences companies, ranging from pharmaceutical majors to cutting-edge biotech firms, the policy noted. As per the policy, several incentives are being offered to attract investments in the life sciences sector. These include 100 per cent reimbursement of stamp and transfer duty on sale and lease deeds, power subsidies, and 25 per cent reimbursement of land cost, capped at Rs 10 lakh, in all industrial parks developed by the
French multinational personal care corporation L'Oral is expected to inaugurate its Global Capability Centre (GCC) in November this year, official sources said on Wednesday. The beauty tech company will be investing Rs 3500 crore ( 350 million Euros) by 2030 and will create 2,000 highly skilled advanced tech jobs, including AI specialists, tech engineers, and data scientists and will accelerate the delivery of state-of-the-art, AI-powered beauty solutions at scale, an official release said. The decision was announced by Nicolas Hieronimus, Chief Executive Officer, L'Oral, on the sidelines of the World Economic Forum being held at Davos, Switzerland, it said. The L'Oreal facility would be the world's first GCC in the beauty-tech niche in Telangana. The facility is expected to create jobs for 2000 beauty tech engineers, a government official said. "This first-of-its-kind Beauty Tech hub will serve as a flagship for crafting the next generation of AI-powered beauty innovation and ...
The Odisha government on Saturday said it has garnered investment worth Rs one lakh crore through its investors meet and roadshow at Kolkata. During the two-day investors meet and roadshow at the eastern metropolis attended by Chief Minister Mohan Charan Majhi, Industries minister Sampad Chandra Swain, chief secretary Anu Garg and others, the state signed 27 Memorandum of Understanding (MoUs) and received 19 investment intents from various industries for setting up their plants in the state, an official statement said. While the 27 MoUs envisaged investment of Rs 81,864 crore, generating over 63,161 jobs, the 19 investment intent proposals worth Rs 18,453 crore were received with the potential to create over 27,591 employment opportunities. Together, if grounded, these projects will generate employment for 80,000 people, an official said. The chief minister emphasised that while MoUs are important, the true measure of success lies in execution on the ground. Addressing the Odisha .
US-based asset manager State Street Investment Management will acquire a 23 per cent stake in Groww Asset Management for USD 65 million (Rs 580 crore), in a move aimed at strengthening its presence in India, the asset management arm of Billionbrains Garage Ventures said on Wednesday. The investment will be made in one or more tranches. The total investment comprises Rs 381 crore through secondary share purchases and about Rs 199 crore in fresh capital, which could dilute Groww AMC's stake up to 23 per cent. "The investment will help State Street Investment Management to strengthen its presence in India while also enabling the delivery of Indian-focused investment strategies to its clients globally," the US-based firm said in a statement. Separately, in a stock exchange filing, Groww AMC said it has entered into an agreement with State Street Global Advisors Inc, an entity that operates under the State 'Street Investment Management' brand, for an investment into the ...