Capital Infusion

Stricter internal controls, fund infusion on Ramkrishna Forgings' radar

Promoters to infuse Rs 204.75 crore at 3x market price via warrants as part of effort to offset accounting losses and strengthen internal controls and SAP processes

Promoters, Blackstone invest ₹1,060 crore in Embassy Developments

The company received capital infusion through conversion of warrants, strengthening its equity base and supporting growth plans

Capital Infra Trust calls raising Rs 2,363 cr via NCDs to refinance debt

Infrastructure investment trust Capital Infra Trust has announced raising Rs 2,363 crore through debt securities to strengthen its financial position. Established in September 2023, Capital Infra Trust InvIT is sponsored by Gawar Construction Limited. It has investments in infrastructure projects primarily in NHAI road projects through acquisition from sponsors and third parties "The trust announced the successful allotment of 1,16,300 senior secured redeemable, non-convertible debt securities (NCDs), each with a face value of Rs 1,00,000, aggregating to Rs 1,163 crores on March 4, 2025," Capital Infra Trust said in a release. These securities, rated 'AAA stable' by CRISIL and named 7.60 per cent CIT 2038, will mature on January 29, 2038. It further said HDFC Bank and IndusInd Bank have subscribed to the NCD, which aims to enhance investor yields by refinancing high-cost debt instruments of the project SPVs. The entity also said it has allotted 1,20,000 secured listed redeemable .

IFCI board okays Rs 500 cr fund infusion via preferential issue of shares

IFCI on Wednesday said its board has approved Rs 500 crore capital infusion in the company through the preferential issue of shares to the Government of India during the quarter. The board cleared 8,07,23,280 shares to be issued for an amount aggregating up o Rs 500 crore, IFCI said in a regulatory filing. This approval is subject to an extra-ordinary general meeting to be convened on February 28, it said. With the infusion, the government's holding in the company is expected to further increase from the existing 71.72 per cent as of September 2024. The capital infusion plan for IFCI was approved through the passage of the first supplementary demand for grants for 2024-25 in the Lok Sabha in December. The Industrial Finance Corporation of India (IFCI) was set up by the government on July 1, 1948, as the first development financial institution in the country. The finance ministry, in November 2024, in principle approved the 'Consolidation of IFCI Group', which entails the ...

Govt approves Rs 500 cr infusion in IFCI via issue of preferential shares

Domestic financial institution IFCI on Friday said the government has approved Rs 500 crore capital infusion in the company through the preferential issue of shares. The Department of Financial Services has conveyed sanction of the President of India to release funds of Rs 500 crore to IFCI Ltd towards subscription to the share capital during FY 2024-25, the state-owned entity said in a regulatory filing. Following this, the meeting of the board of directors of the company is called on January 29, 2025, to consider the Preferential Issue of equity shares to the central government, subject to the approval of shareholders, stock exchanges and such other regulatory authorities as may be required. With the infusion, the government's holding in the company is expected to further increase from the existing 71.72 per cent as of September 2024. The capital infusion plan for IFCI was approved through the passage of the first Supplementary Demand for Grants for 2024-25 in the Lok Sabha in ..

Govt to infuse Rs 500 cr capital in IFCI to improve financial health

The government has decided to infuse Rs 500 crore capital in state-owned IFCI to improve its financial health ahead of the company's proposed restructuring and consolidation into a group. With the infusion, the government of India's holding in the company is expected to further increase from existing 71.72 per cent as on September 2024. The capital infusion plan for IFCI was approved through the passage of the first Supplementary Demand for Grants for 2024-25 in Lok Sabha last week. The Supplementary Demand for Grants for 2024-25 made an allocation for an additional amount of Rs 499.99 crore for 'Subscription to the Share Capital of Industrial Finance Corporation of India (IFCI). "Taking into account savings of Rs 50.07 crore available in the same section of the grant, the remaining amount of Rs 449.92 crore will be met from surrender of savings available in the capital section of Demand No.30-DEA and it will not entail any additional cash outgo," the Supplementary Demand for Grant

SpiceJet receives approval from BSE for Rs 2,242 cr capital infusion

No-frills carrier SpiceJet on Monday said it has received in-principle approval from the BSE for a Rs 2,242 crore capital infusion in the airline. The Gurugram-based airline also said that a significant portion of the fund infusion will be utilised to fuel the airline's growth, among others. SpiceJet has received in-principle approval from the BSE for the issuance of equity shares and warrants convertible into equity shares on a preferential basis, the airline said in a statement. This approval paves the way for a new fund infusion of Rs 2,242 crore in the airline, it said. A significant portion of the fund infusion will be utilised to fuel the airline's growth, expand its network and bring grounded planes back into operations, SpiceJet said. "We believe the fund infusion will open new avenues for SpiceJet, enabling us to capitalise on potential opportunities and contribute to the growth of the aviation sector in India," said Ajay Singh, Chairman and Managing Director of SpiceJet.

Pepperfry elevates Ashish Shah as CEO after demise of Ambareesh Murty

The company has also secured $23 million to strengthen its ability to cater to the evolving needs of its over 10 million and increasing customer base

Reliance General Insurance seeks a capital infusion of Rs 600 crore

Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore

IDFC twins gain more than 5% on Rs 2,000-crore capital infusion

At a meeting held on Wednesday, IDFC's board gave an in-principle approval to infuse Rs 2,000 crore "growth capital" into IDFC First Bank

Budget 2023: Credit Guarantee Scheme for MSMEs gets Rs 9,000-cr boost

This is expected to reduce the cost of credit by 1 per cent for MSMEs, said Union Finance Minister Nirmala Sitharaman

Vistara cash flow sufficient, won't need fund infusion for 6 months: CEO

Tata-Singapore Airlines joint venture made its first net profit in December-end quarter

Credit Saison India receives Rs 540-crore capital infusion from parent firm

Digital non-banking finance company Credit Saison India has received Rs 540 crore in fresh capital from its Japanese parent Credit Saison Company, taking the total equity infusion to Rs 1,600 crore. The Bengaluru-based digital lender said the latest capital infusion came from Saison International, the global business division of the parent, in two tranches. Credit Saison India has disbursed over a million loans since inception in 2019 to consumers, SMEs, fintechs and other NBFCs, and has an asset under management (AUM) of Rs 5,000 crore. It targets to take the AUM to over Rs 8,000 crore over the next next 12 months. When it comes to funding, the NBFC is backed by State Bank of India, Axis Bank, Bank of Baroda, Punjab National Bank, Canara Bank, Mizuho, Sumitomo Mitsui Banking Corporation and MUFG Bank among others, said Presha Paragash, chief executive of the company. "We want to enable growth of accessible credit in India and we believe the USD 1 billion AUM target is only a stepp

Capital infusion in Vodafone Idea under discussion: Ashwini Vaishnaw

Debt-ridden telecom firm Vodafone Idea has various requirements, including infusion of capital, and discussions on this front are going on, telecom minister Ashwini Vaishnaw said on Thursday. Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh crore, has opted for converting about Rs 16,000 crore of interest liability payable to the government into equity, which will amount to around a 33 per cent stake in the company while promoters' holding will come down to 50 per cent from 74.99 per cent. 'Vodafone (Idea) has many requirements. It has a particular requirement of capital. How much capital, who will infuse? All those things are under discussion at this point of time," Vaishnaw said. VIL has offered a stake to the government at a par value of Rs 10 per share and the government is waiting for the company's shares to stabilise at Rs 10 apiece. "The responsibility of capital has to come from various sources. The company just doesn't require conversion. It requires capita

Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI

Stress test show banks capable of absorbing shocks without capital infusion

India considers capital infusion, merger of loss-making lender IFCI

IFCI has reported annual losses for at least four straight years to March 31, 2022 and has lost more than 17% of market capitalization in the past year

Centre unlikely to infuse any capital into the PSBs in FY23: Report

Between FY16 and FY21, the government infused Rs 3.3 trillion into PSBs helping the banks in improving their balance sheets and the capital-to-risk-weighted assets ratio (CRAR)

Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital

The consortium had 270 days to fulfil all criteria required for the plan's implementation

BigBasket to raise $200 million at a valuation of $3.5 billion: Report

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others

Centre's fund infusion into RRBs to hinge on viability plan execution

Financially-strong RRBs have been sent reminders to explore listing of their shares on the exchanges to raise capital