SBI's fundraise touches Rs 50,000 cr via bonds so far in FY25
Nov 28, 2024, at 01:58 am
Mumbai: The State Bank of India (SBI) has raised a total of Rs 50,000 crore so far in the current financial year, with Rs 10,000 crore secured through its latest infrastructure bond issuance earlier this month.
Sunil Mittal's Bharti Telecom to raise Rs 8,500 cr via domestic bond market: Report
Oct 31, 2024, at 04:55 am
Mumbai: Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise approximately Rs 8,500 crore (around $1.01 billion) in the domestic bond market, reported Bloomberg.
Zomato plans to raise Rs 8,100 cr via QIP: Report
Oct 23, 2024, at 04:33 am
Mumbai: Food aggregator Zomato, which announced a massive 388% YoY Q2FY25 net profit on Tuesday, revealed plans for a qualified institutional placement (QIP) to raise additional funds, reinforcing the bullish sentiment from brokerages, media reports said.
Oct 05, 2024, at 01:38 am
New Delhi: Troubled-airline SpiceJet deposited provident dues accumulated over the past 10 months, media reports said.
September to be busiest month for IPOs in last 14 years, says RBI report
Sep 21, 2024, at 05:00 am
Mumbai: September is on track to be the busiest month for initial public offerings (IPOs)—both mainboard and SME—in 14 years, with over 28 companies entering the market so far, Moneycontrl reported, citing the latest monthly bulletin from the Reserve Bank of India (RBI).
HDFC Bank unit HDB Financial Services approves Rs 2,500 cr fundraise
Sep 21, 2024, at 04:16 am
Mumbai: HDFC Bank's unit HDB Financial Services has approved raising Rs 2,500 crore ($299 million) through a fresh issue of shares as part of its upcoming initial public offering (IPO), Reuters reported, citing the bank’s announcement on Friday.
Canara Bank raises Rs 3,000 cr via AT1 bonds
Aug 28, 2024, at 06:30 am
Mumbai: Canara Bank raised Rs 3,000 crore at a coupon rate of 8.27%, lower than the market expectations of 8.30–8.35%, NDTV profit reported citing sources.
SEBI's consultation paper advocates for rights issues as preferred fundraising method
Aug 21, 2024, at 01:38 am
Mumbai: Capital market regulator SEBI has released a consultation paper aimed at speeding up the rights issue process.
Bajaj Finance in talks to borrow $500 million offshore borrowing
Aug 13, 2024, at 10:52 pm
Mumbai: India's largest non-banking finance company by market value is planning to raise up to $500 million through offshore borrowing, Bloomberg reported, citing sources who requested anonymity due to the private nature of the talks.
Vedanta Ltd raises Rs 8,500 cr through QIP at Rs 440 per share
Jul 20, 2024, at 06:03 am
Mumbai: Vedanta Limited announced on Friday that it raised Rs 8,500 crore through a Qualified Institutions Placement (QIP), which launched on July 15, at a price of Rs 440 per share, media reported.
SBI raises Rs 10,000 cr via infra bonds
Jun 27, 2024, at 04:19 am
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
Zepto raises $665 million in funding, company value goes up to $3.6 billion
Jun 21, 2024, at 10:12 pm
Quick-commerce company Zepto on Friday announced it has secured $665 million in a funding round, which has doubled its valuation to $3.6 billion, media reported.
SBI to raise Rs 10,000 cr via infra bonds: Report
Jun 18, 2024, at 10:31 pm
Mumbai: The State Bank of India (SBI), the country's largest lender, has initiated discussions with market participants to raise approximately Rs 10,000 crore ($1.20 billion) through infrastructure bonds, reported Reuters on Tuesday, citing two merchant bankers.
Adani Enterprises to raise Rs 16,600 cr via QIP route
May 28, 2024, at 10:58 pm
Mumbai: The board of Adani Enterprises has approved a plan to raise Rs 16,600 crore through the Qualified Institutional Placement (QIP) route, as announced in an exchange filing on Tuesday.
Vodafone Idea to raise Rs 20,000 cr via equity
Feb 28, 2024, at 04:34 am
Mumbai: Vodafone Idea Ltd is poised to raise Rs 20,000 crore through a combination of equity and equity-linked instruments following approval from the company's board, media reports said.
SBI’s Basel III compliant Additional Tier 1 Bond Issuance
Jan 19, 2024, at 04:51 am
Mumbai: Public sector lender State Bank of India (SBI) raised Rs 5,000 crore on Thursday through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34 percent.
SpiceJet shareholders approve plan to raise funds via shares and warrants
Jan 11, 2024, at 04:47 am
Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.
SpiceJet to raise Rs 2,250 cr via equity to push growth and improve financial position
Dec 13, 2023, at 05:24 am
Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.
Adani Energy Solutions plans to raise $360 million through bonds
Nov 15, 2023, at 03:47 am
Mumbai: Adani Energy Solutions (AESL), formerly known as Adani Transmission, is planning to raise $360 million through bond issuance on a private placement basis, a report in the media said.
L&T raises Rs 1,500 crore via Non-Convertible Debentures
Nov 03, 2023, at 05:28 am
Mumbai: Engineering firm Larsen and Toubro (L&T) Thursday announced that it has garnered Rs 1,500 crore via Non-Convertible Debentures (NCDs).
IDFC First Bank planning to raise Rs 3,000 crore in debt capital through Tier-ii bonds
Oct 11, 2023, at 06:12 am
Mumbai: After its recent equity capital infusion of Rs 3,000 crore, IDFC First Bank is now gearing up to raise the same amount through debt capital, specifically Tier-II bonds, Business Standard reported.
SBI raises Rs 10,000 cr via infra bonds
Sep 23, 2023, at 02:36 am
Mumbai: India’s largest lender State Bank of India (SBI) announced the successful issuance of its fourth set of infrastructure bonds, raising Rs 10,000 crore at a coupon rate of 7.49 percent.
SBI to raise Rs 50,000 cr from Indian and overseas markets in FY24
Jun 10, 2023, at 05:05 am
Mumbai: The State Bank of India (SBI) on Friday announced its plan to raise up to Rs 50,000 crore through debt instruments during the current fiscal year.
Walmart's stake in fintech subsidiary PhonePe drops to 85%
Jun 05, 2023, at 07:14 pm
Retail behemoth Walmart’s shareholding in fintech company PhonePe has dropped from 89 percent to 85 percent amid the latter’s fundraise of $1 billion, media reports said.
HDFC Bank to raise $6 billion in debt over next 1 year: Report
Apr 12, 2023, at 05:22 am
Mumbai: HDFC Bank Tuesday announced its plan to consider raising debt of 500 billion rupees (approximately $6 billion) within the next 12 months, Reuters reported.
PhonePe raises another $200 million in ongoing funding from largest shareholder Walmart
Mar 18, 2023, at 05:39 am
Bengaluru: Digital payments and financial services company PhonePe has raised an additional $200 million as part of its proposed $1 billion funding round from its largest shareholder, Walmart. The funding was secured at a pre-money valuation of $12 billion.
PhonePe raises $350 mn fund from General Atlantic
Jan 20, 2023, at 03:35 am
Bengaluru/IBNS: Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.