Page 23 - Fund Raising

Companies raise over Rs 73,000 cr from capital markets in October

Rs 62,331 crore was mopped up from private placement of debt securities

Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr

State-owned Punjab & Sind Bank on Wednesday said the board of bank will meet later this week to consider raising up to Rs 5,500 crore by issuing shares on a preferential basis. "A meeting of board of directors of Punjab & Sind Bank is scheduled to be held on Saturday, November 21, 2020, for considering to offer, issue, create and allot equity shares up to Rs 5,500 crore (including preferential issue of equity shares)," the bank said in a regulatory filing. Shares of Punjab & Sind Bank on Wednesday closed 0.88 per cent up at Rs 11.40 apiece on the BSE.

Shoppers Stop to raise Rs 300 cr via rights, issue open Nov 27-Dec 11

Existing investors holding 70 shares can apply for 17 new shares at Rs 140 apiece

RBL Bank completes Rs 1,566 cr fund raising through preferential allotment

With this, the lender's capital adequacy has gone up to to 18.7%

Zomato raises $195 mn in funding from 6 investors, valued at $3.6 bn

Upon closing of the fund raise, Info Edge's shareholding in Zomato shall stand reduced to about 20.8 per cent on fully converted and diluted basis

Sundaram Home Finance to raise Rs 2,000 cr in H2 through debt, bank funding

The company plans to raise it through a mix of debt instruments and bank funding

Fund raising via capital markets drops 31% to Rs 75,230 crore in Sept

Companies garnered over Rs 75k cr from capital markets in Sept, a decline of 31% from the last month, with private placement of debt instruments continuing to be most preferred route for financing biz

Hospitality firms may go for fund raising to stay afloat as recovery eludes

EIH's successful rights issue to help firm reduce debt substantially, paves way for more companies to actively consider fund raising

JSW to raise $1 bn from overseas, domestic markets to retire debt

The company has also agreed to acquire Bhushan Power and Steel for Rs 19,700 crore and has kept the funds ready for the acquisition

Despite odds, fund raising via equity issues jumps 28% in Apr-Sep

The fund raising through public and rights of issue of equities increased nearly 28 per cent to Rs 76,830 crore during the first half of financial year 2020-21

HNIs tap new ways to protect debt investments amid record fund raising

Many are looking at covenants previously available only to institutions, such as first loss default guarantees. Covered bonds also gaining in popularity

Fund raising by corporates up 64% to Rs 1.1 trillion in August

Companies garnered more than Rs 1 trillion from the capital markets in August, a surge of 64 per cent from the preceding month

Sebi notifies new rights issue rules, rationalises eligibility, disclosures

Markets regulator Sebi has notified new rights issue rules to rationalise the eligibility criteria and disclosure requirements to make fund raising easier, faster and cost-effective

Sebi rationalises eligibility criteria, disclosure norms for rights issue

Sebi has decided to amend ICDR (Issue of Capital and Disclosure Requirements) Regulations to this effect, the regulator said in a statement.

Union Bank plans to raise Rs 2,000 crore by issuing Tier-II bonds

The bank also has flexibility to raise additional equity from the market, with government stake at 89.1 per cent as of June 30

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

Here's why analysts choose IndiGo over SpiceJet for the long haul

Despite the Covid-19 pandemic, analysts say the Indian aviation sector holds promise from a long-term perspective and that the macro-economic factors remain conducive

Kesoram board okays fund raising up to Rs 2,000 cr to replace existing debt

The funds could be raised by way of equity, or debt including NCDs, preference shares and also rights issue or preferential allotment or a combination

Manappuram Finance board approves plan to raise Rs 500 cr via bonds

Non-banking financial company Manappuram Finance on Tuesday said it will raise up to Rs 500 crore by issuing bonds on a private placement basis

Fund raising through rights gains currency following RIL mega issue

Regulatory tweaks aid momentum, with half a dozen firms launching or are in the process of issuing fresh equity shares through this route over the past month