Page 3 - Equity Fundraising

Tessolve raises $40 mn from Singapore's Novo Tellus at $100 mn valuation

The funding will be used by Tessolve, a Hero Electronix venture, to drive further growth through acquisitions and organic investments

NeoGrowth to raise Rs 500 crore, names Rahane its brand ambassador

The company, which lends to small businesses, mostly retail service units including shops, has assets under management of around Rs 1,350 crore

Airtel raises $750 mn via allotment of unsecured senior fixed rate notes

Telecom company Bharti Airtel on Wednesday said it has raised USD 750 million through allotment of 'unsecured senior fixed rate notes' to eligible investors

Yes Bank get majority vote of shareholders for Rs 10,000 cr fund mop-up

Yes Bank on Tuesday said its shareholders have approved a proposal for raising Rs 10,000 crore capital with the requisite majority. As many as 98.78 per cent votes were cast in favour of the resolution to authorise the bank to raise capital through issuance of equity shares or other securities, Yes Bank said in a regulatory filing. "We would like to inform that the special resolution...has been approved by the members with requisite majority," Yes Bank said. On January 22, while declaring its financial results for quarter ended December 31, 2020, Yes Bank had informed about Rs 10,000 crore fund raise plan through various modes. In its notice for the postal ballot on the capital raise plan, the bank said that it wants to further strengthen the common equity tier 1 (CET 1 or core capital) ratio and to ensure that it has enough capital to support growth and maintain adequate buffers to deal with any unforeseen impact. And it had proposed to raise equity capital not exceeding Rs 10,000

Equity fund raising rises 88% to $32.7 bn in first 9 months of 2020

This is already a record year for amount mobilised through the equity capital markets (ECM), topping $31.2 billion raised during calendar 2007, according to financial data firm Refinitiv

Bank of India shareholders approve Rs 8,000-cr fundraising via various modes

State-owned Bank of India on Saturday said it has received shareholders' nod for raising up to Rs 8,000 crore through various modes, including issue of equity shares

Manappuram Finance gets board approval to raise up to Rs 150 cr via NCDs

The non-convertible debentures are to be listed on BSE

Axis Bank gets approval to raise up to Rs 15,000 cr to tide over Covid-19

In a meeting held on Thursday, the private lenders' board approved the capital raising plan through issue of equity shares/ depository receipts or any other instrument or securities

Easier equity funding

Sebi's move a relief for cash-strapped companies

Bharti Airtel promoter raises Rs 8,433 cr by offloading 2.75% stake

According to BSE data, Societe Generale picked up 35.3 million shares at Rs 561.1 apiece

RIL aims to raise Rs 53,125 crore through India's biggest rights issue

The Rs 53,125 crore issue to cut net debt by a third; along with Facebook and BP deals, company to raise Rs 1.04 trillion

FY20 sees 62% spike in equity fundraising, over Rs 20k cr raised by IPOs

Coronavirus cloud looms over Rs 33,556-crore IPO pipeline

Equity fundraising sees 62% spike in FY20; coronavirus could hit IPOs

As many as 26 companies -- with approval from Securities and Exchange Board of India (Sebi) -- are looking to raise nearly Rs 26,056 crore from IPOs

No 2017-like IPO pipeline in second half this year: UBS India's Anuj Kapoor

I do not expect to see the kind of pipeline we had in 2017, says UBS India head Anuj Kapoor