Page 3 - Fundraising

NTPC board seeks shareholders nod to raise up to ₹18,000 cr via bonds

Power giant NTPC will seek shareholders' nod to raise up to Rs 18,000 crore through the issuance of NCDs or bonds on private placement in the domestic market. State-owned NTPC on Monday issued a notice of postal ballot to seek approval of the members by way of special resolution through remote e-voting regarding raising of funds through the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (bonds/NCDs), amounting up to Rs 18,000 crore, according to a regulatory filing. The fund will be raised in one or more tranches/series not exceeding 12, through private placement in the domestic market during the period commencing from the date of passing of the special resolution till completion of one year thereof. On June 21, the company's board of directors considered and approved the draft notice of postal ballot in respect of seeking shareholders' approval for the issue of these NCDs. The company fixed June 20, 2025, as the ...

Biocon closes ₹4,500 crore QIP to boost innovation, expand global access

Biocon raises ₹4,500 crore through QIP, its first equity issue since IPO, to fund innovation, repay debt, and expand global access to affordable biopharmaceuticals

Canara Bank to raise up to ₹9,500 crore capital through bond issuance

The capital raising initiative is aimed at strengthening the bank's capital adequacy, supporting future business growth and ensuring compliance with Basel III norms

Governing Council urges NIIF to boost global presence, adopt new strategy

The Finance Ministry has called on NIIF to leverage its sovereign-backed model, diversify funding sources and attract international investors by strengthening its global profile

Can American pope bring US-style fundraising to fix Vatican finances?

As a bishop in Peru, Robert Prevost was often on the lookout for used cars that he could buy cheap and fix up himself for use in parishes around his diocese. With cars that were really broken down, he'd watch YouTube videos to learn how to fix them. That kind of make-do-with-less, fix-it-yourself mentality could serve Pope Leo XIV well as he addresses one of the greatest challenges facing him as pope: The Holy See's chronic, 50 million to 60 million euro (USD 57-68 million) structural deficit, 1 billion euro (USD 1.14 billion) pension fund shortfall and declining donations that together pose something of an existential threat to the central government of the 1.4-billion strong Catholic Church. As a Chicago-born math major, canon lawyer and two-time superior of his global Augustinian religious order, the 69-year-old pope presumably can read a balance sheet and make sense of the Vatican's complicated finances, which have long been mired in scandal. Whether he can change the financial .

Hudco board approves ₹750 crore fundraise via non-convertible debentures

The base issue size is ₹500 crore, with an additional green-shoe option of ₹250 crore

YES Bank jumps 6% in weak market; board to discuss fundraising on June 3

YES Bank shares jump 6 per cent ahead of the board meeting to discuss fundraising on June 3

Fleetx raises ₹113 crore in Series C, aims for profitability and IPO

Fleetx will use the fresh capital to enhance product capabilities, double ARR, expand enterprise sales, and move towards profitability and IPO readiness within a year

Auxano Capital eyes final close of two funds, 3-4 exits by year-end

VC firm Auxano Capital aims to close two funds worth ₹200 crore each by end-2025 and plans 3-4 startup exits, with investments nearing ₹200 crore across 34 startups

RBI moots special shares for UCBs as new source to raise capital

Special Share Certificates to be issued at book value without voting or membership rights; RBI says SSCs will be classified under Tier I capital for large UCBs

SBI board panel nods to overseas fundraise of up to $3 billion in FY26

SBI plans to raise up to $3 billion via international markets in FY26 through senior unsecured notes in USD or other currencies to support business growth

The Good Bug raises ₹100 crore to scale gut health R&D and reach

The Good Bug secures ₹100 crore in a round led by Susquehanna Asia VC with Fireside Ventures to expand R&D, marketing, distribution and hire across functions

State Bank of India to raise funds via share sale this fiscal year

The board of the state-run bank will discuss the proposal for fresh capital either through a follow-on public share sale, rights issue or qualified institutional placement on May 3

Trump orders DOJ to investigate Democrats' top fundraising platform

President Donald Trump has ordered the Justice Department to investigate the Democratic Party's top fundraising platform, the latest example of Trump using the tools of the government to go after his political opponents. Trump, in an executive order signed Thursday, directed Attorney General Pam Bondi to investigate allegations that Republicans have raised that ActBlue allows illegal campaign donations. Democrats, who had anticipated they would be targeted, condemned the move Thursday and ActBlue called it an oppressive use of power by the White House. The Trump Administration's and GOP's targeting of ActBlue is part of their brazen attack on democracy in America. Today's escalation by the White House is blatantly unlawful and needs to be seen for what it is: Donald Trump's latest front in his campaign to stamp out all political, electoral and ideological opposition," ActBlue said in a statement. ActBlue said it would pursue all legal avenues to protect and defend itself. "ActBlue

Ola's AI arm Krutrim cuts fundraising target by $200 mn amid low interest

Bhavish Aggarwal's AI venture Krutrim has reduced fundraising target from $500 million to $300 million, as broader investor interest appears to be tepid

REC raises Rs 2,625 crore through 15-year bonds at coupon rate of 7.02%

Market participants noted that spreads on AAA-rated corporate bonds have tightened considerably in April compared to previous months

Companies raise record Rs 1.33 trn through QIPs in FY25 amid market boom

Indian companies achieved a record-breaking fundraising of Rs 1.33 lakh crore through Qualified Institutional Placements (QIPs) in FY25, registering a sharp increase from the previous year, as a booming stock market fuels aggressive capital raising. India Inc has raised Rs 1,33,251 crore till March 31, marking an 87 per cent increase from Rs 71,306 crore garnered in FY24, according to data compiled by Prime Database. Companies leveraged buoyant equity markets to strengthen balance sheets and fund expansion, a key driver of the surge in QIP fundraising, analysts said. As per the data, 85 companies have tapped the capital markets with QIP issues till March 31, 2025 as compared with just 64 companies during the last financial year. "FY25 witnessed the highest-ever QIP fundraising in the history of Indian capital markets, both in terms of volume and value," Neha Agarwal, MD & Head of Equity Capital Markets at JM Financial, told PTI. Agarwal attributed the surge in QIPs to a broader ..

Despite market volatility, corporate fundraising at record high in FY25

Public equity fundraising stood at Rs 3.71 trillion in FY25, marking a 92 per cent rise from Rs 1.9 trillion in FY24

Lighthouse Canton plans $150-$200 mn second VC fund, eyes India growth

This comes after closing its first VC equity fund at $50 million and an ongoing second close for its $75 million venture debt fund

Govt's divestment plan to push fundraising activities in FY26: Emkay Global

The government's divestment plan is likely to provide a push to fundraising in FY26 as the recent market correction has slowed down deal-making activity, Emkay Global Financial Services said on Thursday. Addressing a webinar on the state of affairs of the Indian investment banking industry, Yatin Singh, CEO of investment banking at Emkay Global Financial Services, said the public sector is turning out to be material client for investment banks in India with the Department of Investment and Public Asset Management (DIPAM) setting a divestment target of Rs 47,000 crore for FY26. "This is a huge opportunity for investment banks in FY26 and beyond," he said. Over the past three years, the initial public offers (IPOs) of LIC, IREDA, and the offer for sale (OFS) of ONGC, IRCTC, HAL, Coal India, RVNL, NHPC, Hudco, Ircon, and Cochin Shipyard have kept the deal street buzzing within the PSU segment. Looking ahead, the upcoming IPOs of Bharat Coking Coal, Central Mine Planning and Design ...