Page 19 - Fund Raising

Bharti-backed OneWeb raises $330mn from South Korea's Hanwha Systems

Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb

Reddit to raise up to $700 million at over $10 billion valuation

In the ongoing round, it has already raised $410 million from Fidelity

PNB Housing eyes Rs 35,000 cr fresh debt as Carlyle deal faces hurdles

The company said it will seek shareholders' approval for further fund raising by way of debt issue.

Edtech firm upGrad becomes new unicorn at $1.2 billion valuation

The company raised fresh funds to tune of $185 mn from Temasek, IFC and IIFL

L&T gets shareholders' nod to raise up to Rs 4,500 crore through bonds

Larsen and Tourbo (L&T) has received shareholders' nod to raise up to Rs 4,500 crore through issuance of convertible bonds, according to a regulatory filing. The shareholders' approval was given at the company's annual general meeting (AGM) held on Thursday, L&T said in the BSE filing on Friday. A special resolution for raising the funds was approved with requisite majority. "The special resolution as set out in Item No. 13 of the Notice of the AGM...has been passed with requisite majority," the filing said. Item No. 13 of the AGM notice read: "Raise funds through issue of convertible bonds and/or equity shares through depository receipts and including by way of qualified institution placement to qualified institutional buyers for an amount not exceeding Rs 4,500 crore or USD 600 million, if the value is higher.

Bizongo scales to $150 mn in annualised revenue, nears profitability

Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group

Robinhood seeks $35-billion valuation in mega initial public offering

Robinhood aims to raise more than $2 billion in its public debut, planned for later this summer

BHyve raises $300,000 from JITO, Letsventure and other angel investors

Backed by 100X.VC earlier in May this year, BHyve will use the freshly infused capital for marketing, boosting sales and brand building

Education platform MPOWER Financing raises $100 mn to support study abroad

The funding will fuel the company's mission to make North American education accessible to students from around the world

SPARC raises over Rs 1,110 cr; issues warrants to Dilip Shanghvi, others

Sun Pharma Advanced Research Company on Thursday said it has raised over Rs 1,112 crore by way of issuing warrants to the company's promoter Dilip Shanghvi and other entities

Piramal Capital to raise up to Rs 1,000 crore through bond issue

The firm plans to issue non-convertible debentures of various tenors

DanaMojo raises over Rs 3 cr in funding from Rohini Nilekani, Social Alpha

DanaMojo is a payments solution platform for NGOs

R-Infra gets shareholders nod to raise Rs 550 cr via preferential allotment

Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis

Confident that funding will take place in coming weeks: Vodafone Idea CEO

VIL had reported narrowing of consolidated loss to about Rs 7,023 crore for the quarter ended March 2021, mainly on the strength of cost optimisation.

Piramal Enterprises to raise up to Rs 1,000 cr through debentures

Piramal Enterprises on Monday said it will raise up to Rs 1,000 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

SBI, BoB: After stellar rally, can PSU banks still offer good returns?

If the stock of SBI fails to conquer the resistance of Rs 425-mark, some weakness is likely near the support of Rs 410 levels

IPO-bound Veeda Clinical Research raises $16 mln in round led by Sabre PE

The round also saw participation from high net individuals like Pranab Mody of JB Chemicals, Havells India family office, Nikhil Vora of Sixth Sense Ventures, and Arjun Bhartia of Jubilant

Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI

This is the fourth round of funding raised by the company in the last 15 months.

Mahindra Finance raises Rs 225 crore through bond issuance

Mahindra Finance on Thursday announced raising up to Rs 225 crore by issuing bonds. A meeting of the duly authorised committee was held on June 24, 2021, approving the allotment of 2,250 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 225 crore, Mahindra & Mahindra Financial Services (Mahindra Finance) said in a regulatory filing. The date of allotment of bonds is June 24, 2021 and they are set to mature on June 24, 2026, The five-year tenure bonds carry coupon rate of 6.35 per cent per annum. Mahindra Finance stock traded 0.61 per cent lower at Rs 155.60 apiece on the BSE.

State-owned UCO Bank looks to raise up to Rs 500 crore

The board of directors will consider the proposal for raising tier-II capital of up to Rs 500 crore at its meeting scheduled to be held on June 23