Page 2 - Fund Raising

Zee Media rises 5% as board approves raising funds by issuing foreign bonds

FCCBs are bonds that are issued in foreign currency but can be converted into the company's equity shares at a later date, typically at the discretion of the bondholder

Ireda's board increases borrowing limit by Rs 5,000 crore for FY25

Ireda said that this additional fundraising will be done via corporate bonds of various categories banks, foreign investors, and international agencies

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 .

ROADIS' India unit raises $316.3 mn via dollar-denominated bond issuance

ROADIS Group, a road investment platform, fully controls the Varanasi-Aurangabad highway

Geniemode raises over $50 million in Series C round led by Multiples

The investment is aimed at fuelling its global expansion and enhancing its technology-driven supply chain solutions, the company said

NOTO Ice Cream raises Rs 15 cr in funding round led by Inflection Point

Start-up NOTO Ice Cream on Thursday said it has raised Rs 15 crore in its latest funding round, led by Inflection Point Ventures (IPV), with participation from JITO and Lets Venture. The funds will be utilised for expanding into Tier-I and Tier-II cities, launching innovative flavours and formats for the summer, supporting marketing on food-tech aggregators and quick-commerce platforms, upgrading infrastructure, and boosting brand awareness through experiences, the company said in a statement. The brand, also backed by renowned personalities such as John Abraham, Rannvijay Singha, and Kunal Bahl, is currently operational in cities, including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, and Pune. It is expanding into new markets such as Ahmedabad, Kolkata, and Lucknow. NOTO Ice Cream Co-Founder & CEO, Varun Sheth said," This funding fuels our expansion into Tier I and Tier II cities..." Inflection Point Ventures Co-Founder, Vinay Bansal said health-conscious consumers often ...

Adani Enterprises, Zomato, SpiceJet: 15 stks dip 27% below their QIP price

These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.

JSW Energy share up 2% as board to consider fund raising on January 28

JSW Energy shares rose after the company announced that the Board will meet on January 28, to consider and approve raising of long-term funds via NCDs

Kotak Alternate Asset raises Rs 250 cr in first close of Life Sciences Fund

The Kotak Life Sciences Fund aims to deploy capital in early- to growth-stage companies across life sciences, including pharmaceuticals, biotechnology, medical devices and digital health

Hitachi Energy India gains 5% as board to mull fundraising on January 18

"We wish to inform you that a meeting of the Board of Directors of the Company is scheduled on Saturday, January 18, 2025, to consider and approve the proposal for raising funds," filing read

Private credit firm Neo Asset seeks to raise $700 million for second fund

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

Avendus seeks $466 million as it launches new India private credit fund

The 25 year-old Mumbai-based financial services firm aims to raise as much as Rs 4,000 crore ($466 million) through the fund, that will invest in the debt of mid-sized businesses in the country

Vehant Technologies raises $9 mn from True North through NCDs, plans IPO

AI-based security and surveillance solution provider Vehant Technologies has raised USD 9 million (about Rs 77 crore) in a funding round through non-convertible debentures from True North's Private Credit fund, the company said on Tuesday. Vehant Technologies plans 75 per cent of the funds to increase its research and development activities to enhance its current offerings and develop innovative solutions for aviation security, smart cities, and enterprise analytics. "This fundraise from True North will help us develop and launch more cutting-edge products in the areas of aviation security, smart and safe cities and enterprise analytics solutions. It will also help us in geographical expansion in the Middle East and Europe," Vehant Technologies CEO and Co-founder Kapil Bardeja said in a statement. The company plans to use the remaining 25 per cent of the funds for exports to key markets in the Middle East and Europe. "These strategic investments are expected to propel the company .

Indian firms raise record funds via corporate debt in 2024; to rise further

Indian firms raised Rs 10.67 trillion ($124.81 billion) through the sale of bonds till Dec. 27, a 9 per cent jump over 2023, data from information provider Prime Database showed

Shriram Finance in talks to borrow $1.2 bn in offshore loan for sector

The non-bank financial company will offer a multitranche deal split across currencies such as the dollar, euro and dirham, the people said asking not to be identified

IPO-bound Rebel Foods raises $210 million in funding round led by Temasek

Other participants included existing investor Evolvence. The Series G round which was a mix of primary and secondary share sales also facilitated exits for certain investors, the company said

Cloud-based testing platform LambdaTest gets $38 mn in Avataar-led funding

"KaneAI is more than a tool-it's a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort," said Asad Khan

Debt-ridden Vodafone Idea to raise Rs 1,980 crore through share issue

Vodafone Idea said it will issue shares to Vodafone Group entities Omega Telecom Holdings and Usha Martin Telematics worth up to Rs 1,280 crore and Rs 700 crore, respectively

LeapFrog Investments secures $1.15 billion in largest fund to date

The fund, comprising $808 million in primary commitments and $210 million in pre-allocated co-investment, primarily focuses on healthcare and financial services in growth markets

Bank of India plans to raise Rs 5,000 crore via 10-year infra bonds

State-owned banks have increasingly turned to the domestic capital market to raise funds via infrastructure bonds, driven by credit growth needs amid challenges in deposit mobilisation