Page 32 - Fundraising

Turbostart announces Rs 50-crore Series-II funding round for startups

Business accelerator firm Turbostart on Thursday announced a second series of funding round, 'Cohort II', with a Rs 50-crore corpus for start-ups.

Phoenix Mills to raise Rs 1,200 cr via qualified institutional placement

The company's board has already taken an enabling resolution from shareholders to raise as much as Rs 1,200 crore

Fitness startup Fitternity looking to raise $12-15 million by January

Fitness startup Fitternity, which claims to be the largest platform for wellness equipment and services in the country, is planning to raise $12-15 million (around Rs 90-112 crore) from overseas inves

UCO Bank approves raising Rs 3,000 cr in FY21, awaits shareholders nod

In a regulatory filing, the bank said that it will now seek shareholders' approval in its annual general meeting on August 7

City Union Bank board approves raising Rs 1,100 cr through equity, debt

The lender will seek shareholders' approval for the fundraise plan at its upcoming AGM next month

Adani Ports fund-raising plan of $1.25 bn draws negative rating outlook

Agencies see strong fundamentals for Adani despite lowered ratings outlook

YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15

Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO

YES Bank FPO to open on July 15, raise up to Rs 15,000 crore

Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering

Closed-end AIFs extend fundraising cycles as pandemic hits sentiment

Some players approach Sebi to seek-industry wide relief

IDBI Bank to raise Rs 595 crore by divesting 27per cent stake in IFLI

The board of directors at IDBI Bank has approved a plan to offload 27 per cent stake in IDBI Federal Life Insurance at a combined value of Rs 595 crore

Patanjali to issue debentures worth Rs 250 cr; bidding to start on May 28

NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years

IDFC First Bank to raise Rs 2,000 cr capital from promoter, Warburg Pincus, 3 others

Under the fundraising, the equity shares will be issued at Rs 23.19 apiece to the existing and new investors, subject to shareholders' nod and other approvals.

Sebi plans to ease fundraising norms for listed stressed companies

Currently, the pricing covers a period of 26 weeks or more for frequently traded shares

Facebook launches fundraiser platform to help push Covid-19 relief efforts

With 'Facebook Fundraisers', anyone can set up a dedicated page for a cause, and rally others around a fundraising goal

Reliance Industries to consider fundraising proposal on Thursday

RIL will consider fundraising by issuing listed, secured/unsecured and redeemable non-convertible debentures on a private placement basis

Coronavirus to cripple Indian start-ups, firms struggle to pay salaries

Firms say they are conserving cash and postponing expansion plans

Gold loan start-up Rupeek raises $60 mn from Binny Bansal, other investors

Founded in 2015, Rupeek is currently disbursing gold loans at an annual run rate of more than $200 million

Zomato bolsters its ship with UberEats as Indian food-tech scouts a shore

In a tough environment, Zomato's expensive purchase shows how its strategy is different from Swiggy's as both compete to attract Softbank amid global investors' proxy food wars in India

NTPC raises Asia's largest Japanese yen loan of $750 million

The proceeds from the latest JPY loan would be used in to fund capital expenditure for installation of FGD systems at its existing units

Bharti Airtel's mega issuance buoys 2020 outlook for fundraising

Market players say access to equity capital will give companies the confidence to chalk expansion plans to benefit from an upturn in the economy