Page 17 - Fund Raising

Tata Sons looks to monetise assets, raise foreign loans in FY23

The company's net debt was Rs 30,327 crore, while its cash and liquid investments were Rs 2,410 crore as of February end, according to banking sources

Pine Labs raises $50 mn, to expand BNPL offering in Southeast Asia

Pine Labs serves large, mid-sized and small merchants across India and Southeast Asia, and is expanding its Buy Now Pay Later (BNPL) offering in Southeast Asia.

Vodafone Idea shareholders approve Rs 14,500 cr fundraise proposal

Vodafone Idea (VIL) had placed special resolution of issue of equity shares worth Rs 4,500 crore to the group firms of promoters Vodafone and Aditya Birla Group for transaction at the EGM

Funds raised by Indian fintechs sees 296% jump in 2021 at $5.94 bn

Payments, according to the report, was the second-most popular category for US investors, as 167 companies received funding in 2021 in the APAC region.

Voting advisory firm IiAS gives a thumbs up to Vodafone Idea fund raise

Promoter infusion will pave the way for Rs 10,000-cr additional fund raise for Vodafone Idea Ltd., say experts

Chinese automaker SAIC's MG Motor India to raise funds for EV push: Report

'MG Motor India has yet to finalise how much money it plans to raise, which will depend on the valuation of the Indian business and its growth plans'

TVS SCS set to float Rs 5,000 crore IPO once Sebi nod comes through

The TVS Group's family recast deal got final nod from NCLAT, based on which each of the four family groups got ownership of the businesses they were managing, scrapping the holding company format

In-app gaming merchandising firm Rucept raises undisclosed seed fund

The company's products increase engagement, retention, and profitability for studios and creators.

Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4

Listed entities need to have 25 per cent public holding and fresh capital will help business, says top executive.

Satin Creditcare raises Rs 225 crore via preferential allotment of shares

Microfinance institution Satin Creditcare Network Ltd (SCNL) on Friday said it has raised Rs 225 crore through preferential allotment of shares. The micro lender has allotted a total of 30,76,916 shares (i.e. 7,69,229 shares each) to a group of investors namely Aarti Agrifeeds LLP, Adesh Agricare LLP, Adesh Agrifarm LLP and Trimudra Trade & Holdings Private Ltd, a release said. It has also allotted a total of 2,46,15,384 warrants (i.e. 1,23,07,692 warrants each) to Trishashna Holdings & Investments Pvt Ltd (promoter & promoter group) and Florintree Ventures LLP (non-promoter). The warrants have a convertible option in one or more tranches, within 18 months from the date of allotment into equivalent number of fully paid-up equity shares, the release said. The funds will be used as growth capital to boost the company's position in the lending ecosystem and to accelerate its strategic priorities. SCNL's Chairman and Managing Director H P Singh said the investment will not ...

Why Indian drone startups are lagging behind in the fund-raising race

Industry players say that investors tend to shy away when the govt is the largest customer for a small company. But that is just the tip of the iceberg

Diginoor.io raises $1 million seed funding from Contrary Capital, Polygon

Some of the partners of Diginoor.io include AVM Productions, Reliance Entertainment and a host of other major studios

NTPC plans to raise up to Rs 5,570 crore via external commercial borrowing

State-owned NTPC has invited a request for proposal (RFP) for raising up to USD 750 million (around Rs 5,570 crore) via ECB to fund its power projects, including renewable energy. "NTPC Ltd is looking to raise external commercial borrowing (ECB) in the form of term loan amounting to USD 500 million plus green shoe option of USD 250 million... accordingly it is requested to quote unconditional and firm rate for raising ECB," the RFP document floated by NTPC on Monday stated. According to the document, the proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme including renewable energy projects, coal mining & washeries, refinancing of existing ECBs/rupee loans availed domestically for capex etc. Last date for submitting bids is January 31, 2022 (by 1500 hrs). The bids will be opened on January 31, 2022 (1515 hrs).

State Bank of India raises $300 million of Regulation S Formosa bonds

Formosa bond is a bond issued in Taiwan

Pune's fintech startup FPL Technologies valuation jumps to $750 million

The current funding comes within 10 months after the company raised its Series B funding of $35 million

Kabra Extrusion Technik board approves raising Rs 301 cr for expansion

A part of the city-based Kolsite Group and leading manufacturer of plastic extrusion machinery, Kabra Extrusion Technik recently ventured into the production of lithium-ion battery packs

Health & fitness start-up Healthquad raises $1 mn from Pat Cummins, others

The fast bowler who is also the Test Captain for Australia will be the company's brand ambassador

'63 IPO issuers mop up record Rs 1.18 trn from markets so far in 2021'

Pranav Haldea, managing director of Prime Database Group, said the IPO frenzy was driven by new-age loss-making technology start-ups along with strong retail participation

REC gets $169.5 mn from KfW Development Bank for power, renewable projects

This is the fifth credit line signed between REC Ltd and KfW for financing power sector projects and the third credit line for the financing of renewable energy projects

Distribution and logistics startup Ripplr raises $12 mn in debt, equity

The pre-series- B funding round also saw participation from existing investors 3one4 Capital, Zephyr Peacock India Growth Fund, and Chand Family Office