Page 9 - Fund Raising

Govt may not issue green bonds this fiscal due to lack of premium

"The government is not very keen to issue green bonds because of a lack of premium for such issuances. It had hoped for over 20 basis points of premium in the first auction," said the official

RBI allows infra debt funds to raise money via foreign loan route

IDF-NBFCs were earlier allowed to raise funds through rupee or dollar-denominated bonds of minimum five-year maturity, to the extent of up to 10 per cent of their total outstanding borrowings

Dr Agarwal's Health Care raises Rs 650 crore from TPG and Temasek

In addition, Dr Agarwal's Health Care has plans to invest around Rs 1,200 crore to establish hospitals across its regions in India and Africa

Home liftmaker Nibav in talks with global PE firms to raise $100 mn by Nov

Currently, the company produces approximately 350 units per month, and it aims to double this figure by the end of the year, reaching around 700-800 units

AI Fitness App 'All is Well' raises Rs 2 cr to integrate wearable tech

AI-enabled integrated fitness platform All is Well has raised USD 250,000 (around Rs 2 crore) led by Bharat Founders Fund and angel investors, including Bombay Shaving Company Founder and CEO Shantanu Deshpande and actor Abhishek Banerjee, among others. Founded in October last year by olympian and Arjuna awardee badminton player Aparna Popat and IIT Roorkee alum Vaibhav Tandon, the company provides personalised physical, nutrition and mental training techniques used by top cricketers and Olympic medalists. "Access to these sport-specific and personalised training techniques was once exclusive to the elite sportspersons. We now have a holistic team of pedigreed tech, sports and business thought leaders to make a unique performance-focused app," All Is Well CEO Vaibhav Tandon said. The company will utilise the funds to include new sports, integrate wearable technology and filing international patents, it said.

GMR Airports Infrastructure plans to raise Rs 5,000 cr in Aug 14 meeting

GMR Airports Infrastructure Ltd on Tuesday said its board will consider raising funds of up to Rs 5,000 crore during the meeting on August 14. At the meeting, the board will also consider the company's unaudited financial results for the quarter ended June, according to a regulatory filing. The board will consider "raising of funds up to Rs 5,000 crore in one or more tranche(s), through issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities as an enabling resolution as per the requirements of applicable laws which shall be subject to the approval of shareholders and other regulatory and/or statutory approvals, as applicable," it said. Among others, GMR Group operates airports in Delhi, Hyderabad and Goa. Shares of the company rose more than 1 per cent to close at Rs 52.11 apiece on the BSE.

State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%

Prices issue at finer rate amid hardening yield; Gets bids worth Rs 21,698 crore

Auxilo Finserve raises Rs 470 cr; to expand loan base, product offerings

The company stated that it has funded over 7,500 students across over 900 universities in over 25 countries

Cyber security start-up PingSafe announces raising $3.3 mn in seed funding

Company aims to serve cloud security-related organisational needs for customers

AI4Bharat researchers set to raise $12 mn from Peak XV, Lightspeed: Report

The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-like conversations

Digital consulting firm KaarTech raises $30 mn in funding from A91 Partners

Chennai-based B2B company says it will use money to expand business in international markets

Edtech giant Byju's to raise funds by paring stake in subsidiary Aakash

According to a media report by ET Now, Byju's parent firm Think & Learn is planning to sell almost 20 per cent stake in the company

Aditya Birla Capital gains 4%; hits 52-week high post launch of QIP issue

On June 1, the company's board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity, out of the total approved equity fund raise of upto Rs 3,000 crore.

BillionElectric raises $10 mn in seed fund round, launches e-MaaS platform

E-Maas (electric mobility as-a-service) platform BillionElectric on Tuesday announced its entry into the domestic market and said it has secured USD 10 million in a seed round of funding. The capital infusion, which is in the form of equity and lease funding, will be strategically allocated for the deployment of electric tarmac buses at the Bengaluru international airport; and development of a mid-mile heavy EV trucks platform, the company said in a statement. The company said it has already inked a contract to expand its services to 10 additional airports pan-India, following the initial launch in Bengaluru in collaboration with a partner. The funds raised will play a vital role in supporting and accelerating the expansion of operations, it said. "We announce the launch of E-Maas platform BillionElectric accompanied by the successful completion of our seed funding round. Over the last two years of product development and software innovation, this is our significant investment, sa

Aditya Birla Capital to raise up to Rs 1,750 crore via share sale

The issue price for the placement is between Rs 170 and Rs 176, a 6.2% to 2.9% discount to Monday's closing level of Rs 181.25

Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon

Business Standard brings you the top headlines at this hour

VC firm Avaana Capital announces first close of climate tech fund at $70 mn

Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture

Climate-focused VC firm Avaana Capital raises $70 mn in first funding round

This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund

Aether Industries hits record high; rallies 10% on fund raising via QIP

Aether Industries on Monday, June 19, launched a QIP issue to raise up to Rs 750 crore and fixed the floor price of the issue at Rs 984.90 per share.

Adani Transmission gets shareholders' nod to raise up to Rs 8,500 crore

According to the company's BSE filing, 98.64 per cent votes were polled in favour of the resolution