Dilip Buildcon, in a separate filing, said it has raised Rs 200 crore via NCDs
Besides, the board will clear opening balance sheet of the amalgamated bank as on April 1
Sequoia India now operates seed, venture and growth funds, a structure that allows Sequoia to remain a relevant partner for founders at all stages of their journey
The valuation of the deals is in line with recent transactions pegging Jio's equity value at Rs 4.91 trillion and enterprise value at Rs 5.16 trillion
This is the eighth deal announced by RIL in the last two months
The lemder raise funds from global markets on a regular basis for lending operations and to repay financial instruments maturing during the year
The dip was also due to low demand for investment, as capacity utilisation remained stagnant in the Indian economy
The proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing
Strategic plan to factor in Covid-19 impact
The NCDs are proposed to be listed on the wholesale debt market segment of the BSE
If the private bank is able to raise funds in this round, it would get some breathing space
The fund raising is to meet the funding of capex and financing of normal business activities
Launched in 2016, the StockEdge is the 'fastest- growing' capital market data analytics app and has been downloaded more than 1.5 million times, he claimed
SMBC will make investments in transactions structured and executed by Northern Arc as well as provide on-balance sheet lending to Northern Arc's partners
Fund managed by Pranav and Siddartha Pai, sons of former Infosys director and CFO T V Mohandas Pai, has invested in 50 startups so far
Experts believe that issuing DRs has the added benefit of increasing the share's liquidity while boosting the company's prestige on its local market
The company said the bonds will be issued to investors identified by the committee and will be listed on Singapore Exchange Securities Trading Ltd
RBI, Sebi, Irdai and PFRDA to work closely on new framework
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures
The revival plan includes an equity-based fund raising, seeking lender support and sale of non-core assets