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Andhra Bank to raise Rs 2,000 crore equity capital in FY20

Andhra Bank has received approval to raise the equity capital amounting to Rs 2,000 crore (including premium) by way of Qualified Institutional Placement (QIP) / Follow-on Public Offer (FPO) / Sale of non-core assets / Preferential Allotment / any other approved means during FY 2019-20. The Board of Directors of the Bank at its meeting held on June 24, 2019 ... Read More »

United Van Der Horst planning to raise funds via preferential issue

United Van Der Horst is planning to raise funds by issuance of equity shares through preferential issue and price determination. The Board of Directors of the Company at its meeting to be held on June 29, 2019 to consider the same. United Van Der Horst is involved in the area of Marine, Oilfield & Industrial Equipment and Components restandardsizing. The ... Read More »

Adani Ports & SEZ to raise up to $1 billion

Adani Ports & SEZ is tapping the internaitonal debt market to raise up to $1 billion to fund its capex plans and also to retire some of its debt. The proposed issue has a ‘Baa3’ rating from the global ratings agency Moody’s Investors Service. APSEZ is part of Adani Group with businesses spanning coal trading, coal mining, oil & gas ... Read More »

South Indian Bank to raise Rs 500 crore via various means

South Indian Bank has received approval to raise funds up to Rs 500 crore, in Indian / foreign currency by way of issuance of debt securities including but not limited to non-convertible debentures, Bonds in domestic and / or overseas market, on a private placement basis. The Board of Directors of the Bank at its meeting held on June 15, ... Read More »

Trent planning to raise funds via various means

Trent is planning for raising funds through issue of equity shares or other securities including through rights issue or qualified institutions placement or debt issue or a preferential issue or any other permissible mode. The Board of Directors of the Company at its meeting to be held on June 18, 2019 to consider the same. Trent is part of the ... Read More »

South Indian Bank planning to raise funds via debt securities

South Indian Bank  is planning to raise funds in Indian / foreign currency by issue of debt securities. The Board of Directors of the bank at its meeting to be held on June 15, 2019 to consider the same. South Indian Bank is considered one of the most proactive banks in India with a competent tech savvy team of professional ... Read More »

Peninsula Land to raise Rs 750 crore via NCDs

Peninsula Land has received approval to raise Rs 750 crore through Non-Convertible Debentures (NCDs) on Private Placement basis in one or more tranches during the Financial Year 2019-20. The Board of Directors of the Company at its meeting held on May 30, 2019 has approved the same. Peninsula Land is a holding company engaged in construction business. The company is ... Read More »

L&T Finance Holdings to raise up to Rs 100 crore on private placement basis

L&T Finance Holdings will raise up to Rs 100 crore by issuing compulsorily redeemable securities on private placement basis. The company’s committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore. L&T Finance Holdings is a financial holding company offering a diverse range ... Read More »

PNB aims to raise Rs 10,000 crore in FY20

Business People Meeting Data Analysis Planning Concept Punjab National Bank (PNB) is planning to raise Rs 10,000 crore in 2019-20 from sale of non-core assets, rights issue and expected write-backs from two large accounts undergoing insolvency proceedings. The Bank is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under ... Read More »

Gokak Textiles to raise Rs 30 crore on private placement basis

Gokak Textiles has received approval for issuance of Non-cumulative, Non-convertible, Non-participating, Redeemable Preference Shares of Rs 10 each aggregating to Rs 30 crore in one or more tranches on Private Placement basis to the Shapoorji Pallonji and Company, Promoter and / or any other Promoter Group Company. The Board of Directors of the Company at its meeting held on May ... Read More »

Indiabulls Housing Finance to raise $350 million

Indiabulls Housing Finance has received approval for issuance of $350 million 6.375% payable semi-annually (6.29% nominal monthly) Senior Secured Notes due May 2022 under the updated $1,500 million Secured Euro Medium Term Note Programme of the Company. The bond issue committee of the Board of Directors of the Company at its meeting held on May 21, 2019 has approved the ... Read More »

India Glycols to raise Rs 250 crore through various means

India Glycols has received approval to raise funds not exceeding Rs 250 crore or its equivalent in any other currency, by way of issuance of securities including through public offering/ private placement/ qualified institutional placement or otherwise. The Board of Directors of the Company at its meeting held on May 21, 2019 has approved the same. India Glycols is engaged ... Read More »

IndoStar Capital Finance to raise Rs 10,000 crore via NCDs

IndoStar Capital Finance has received approval for issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding Rs 10,000 crore on private placement basis, in one or more series / tranches during a year. The Board of Directors of the Company at its meeting held on May 20, 2019 has approved the same. IndoStar Capital Finance is a non-banking finance ... Read More »

Reliance Capital to raise Rs 10,000 crore by selling assets in FY20

Reliance Capital is expecting to raise Rs 10,000 crore by selling assets and cut down its debt by about 50 percent in the current fiscal (FY20). The company has been working diligently to ensure timely debt repayments and is regular in all its debt payments. The company’s asset monetisation plan is on track and it is in the process of ... Read More »

Ircon International planning to raise funds by issuing fresh equity shares

Ircon International is planning to raise funds by issuing fresh equity shares, piggybacking on the government’s proposal to dilute its stake to 75% through follow-on public offer route. The government, which holds 89.18% stake in Ircon International, is required to bring it down to 75% under the Sebi’s minimum public shareholding norms. In view of the proposal of Ircon to ... Read More »

JK Cement zooms on planning to raise Rs 500 crore via NCDs

JK Cement is currently trading at Rs. 893.00, up by 46.70 points or 5.52% from its previous closing of Rs. 846.30 on the BSE. The scrip opened at Rs. 887.00 and has touched a high and low of Rs. 919.00 and Rs. 870.00 respectively. So far 3664 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Union Bank of India gets nod to raise Rs 6000 crore in FY20

Union Bank of India has received approval to raise up to Rs 6,000 crore in current financial year (FY20) through securities to meet its capital requirement. The board of the bank, in a meeting held on May 15, approved the same. Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services ... Read More »

HDFC gains on getting nod to raise Rs 1,25,000 crore via NCDs

Housing Development Finance Corporation is currently trading at Rs. 1958.85, up by 7.15 points or 0.37% from its previous closing of Rs. 1951.70 on the BSE. The scrip opened at Rs. 1960.00 and has touched a high and low of Rs. 1969.00 and Rs. 1922.75 respectively. So far 56498 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »

Morarjee Textiles gets nod to raise funds via NCDs

Morarjee Textiles has received approval to raise funds by way of issuing Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting held on May 08, 2019 has approved the same. Morarjee Textiles (MTL) is a manufacturer of textile products. The Company is engaged in the business of manufacture of cotton fabric and ... Read More »

KEC International to raise Rs 500 crore via NCDs

KEC International has received approval to raise funds through issuance of Non-Convertible Debentures (NCDs) for an amount of upto Rs 500 crore, on private placement basis. The Board of Directors of the Company at its meeting held on May 08, 2019 has approved the same. KEC International is a global infrastructure EPC major. It has presence in power transmission and ... Read More »

EID Parry planning to raise Rs 300 crore via NCDs

EID Parry (India) is planning to raise Rs 300 crore by issue of Non-Convertible Debentures (NCDs) on private placement basis in one and more tranches. The meeting of the Board of Directors of the Company scheduled to be held on May 8, 2019, to consider the same. EID Parry (India) is a significant player in Sugar with interests in promising ... Read More »

DHFL gets nod to raise funds up to Rs 2,000 crore

Dewan Housing Finance Corporation (DHFL) has received an approval to raise funds up to Rs 2,000 crore in one or more tranches. The board of the company in its meeting held on May 04, 2019 approved the same. The Board has constituted a sub-committee named ‘Special Committee for Issuance of Securities’ and authorised the said Committee to decide upon various ... Read More »

Oberoi Realty gains on planning to raise fund via NCDs

Oberoi Realty is currently trading at Rs. 526.00, up by 2.10 points or 0.40% from its previous closing of Rs. 523.90 on the BSE. The scrip opened at Rs. 519.90 and has touched a high and low of Rs. 532.00 and Rs. 502.95 respectively. So far 5773 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Aditya Birla Capital gets nod to raise funds via equity, debt instruments

Aditya Birla Capital has received approval from its board for raising funds up to Rs 3,500 crore through both equity and debt issuance. The company seeks shareholders’ nod for the same. The funds can be raised in one or more tranches by way of issuance of equity shares and equity linked instruments, including convertible preference shares, non-convertible debt instruments along ... Read More »

Oberoi Realty planning to raise fund via NCDs

Oberoi Realty is planning to raise fund by various modes, including by issue of Non-Convertible Debentures (NCDs) (by way of private placement or otherwise), or any other securities, equity shares and / or any other securities convertible into equity (by way of one or more Qualified Institutions Placement). The Board of Directors of the Company at its meeting to be ... Read More »

PNB Housing Finance to raise Rs 10,000 crore via NCDs

PNB Housing Finance is planning to raise up to Rs 10,000 crore through the issuance of secured and unsecured non-convertible debentures (NCDs). The company also planning to raise up to $1 billion by way of external commercial borrowings in one or more tranches. The board of directors at their meeting to be held on May 9, 2019 will consider the ... Read More »

DHFL planning to raise funds via various means

Dewan Housing Finance Corporation (DHFL) is planning for raising of funds by way of issuance of equity shares and/or other securities of the Company including by way of preferential issue, qualified institutions placement or rights issue or any other permissible mode or a combination thereof through issue of prospectus and/or placement document and/or letter of offer and/or any other permissible ... Read More »

Axis Bank planning to raise Rs 35,000 crore via debt instruments

In a bid to fund business growth, Axis Bank is planning to raise Rs 35,000 crore debt instrument, including in foreign currency. The decision in this regard will be taken at the annual general meeting held on July 20. The board has already given an approval to raise funds in Indian or foreign currency by issue of debt instruments including ... Read More »

Oriental Hotels to raise funds via NCDs

Oriental Hotels has received board’s approval to raise funds through issue of Non-Convertible Debentures or other debt securities on a private placement basis for raising funds during the financial year 2019 – 2020. The Board of Directors of the Company at its meeting held on April 25, 2019 has approved the same. Oriental Hotels is an India-based holding company. The ... Read More »

Sterlite Technologies gets nod to raise funds up to Rs 1000 crore via NCDs

Mumbai : Sterlite Technologies has received an approval for issue of Non-Convertible Debentures (NCDs) of up to Rs 1000 crore. The Board of Directors of the Company at their meeting held on April 23, 2019, approved the same. The Board has also given approval for raising of funds, inter alia, by issue of equity shares, any financial instruments and/or security ... Read More »

HDFC Bank gets nod to raise Rs 50,000 crore via Bonds

HDFC Bank has received approval for the issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode. The Board ... Read More »

SBI planning to raise Rs 17,000 crore via bonds

State Bank of India (SBI) is planning to raise $2.5 billion (about Rs 17,000 crore) through bonds to fund expansion of overseas business. The executive committee of the central board will take a decision in this regard on April 24, 2019. SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ ... Read More »

Bharti Airtel to raise Rs 25,000 crore via rights issue

Mumbai : Bharti Airtel is all set of open its rights issue of Rs 25,000 crore on May 3 and it will close on May 17. The company has announced rights issue to raise up to Rs 25,000 crore through issuance of fully paid-up shares at a price of Rs 220 per share, and additional Rs 7,000 crore through a ... Read More »

PFS planning to raise up to Rs 2,000 crore through bonds: Report

PTC India Financial Services (PFS) is reportedly planning to raise up to Rs 2,000 crore through a bonds issue. The first tranche will be of about Rs 600 crore under a 10-year bonds issue. This will be issued by the end of April. The bonds by the company are backed by bank credit from public sector lender, State Bank of ... Read More »

Political parties raise campaign Pitch

While Prime Minister Narendra Modi is pulling out all stops on the campaign trail to boost NDA’s chances in the remaining 6 phases of polling in the General Elections…..the other parties in the fray too are not leaving anything to chance.  National and regional parties are reaching out to people….through rallies and road shows. Congress President Rahul Gandhi addressed a ... Read More »

Sterlite Technologies gains on planning to raise funds

Sterlite Technologies is currently trading at Rs. 203.70, up by 1.90 points or 0.94% from its previous closing of Rs. 201.80 on the BSE. The scrip opened at Rs. 204.40 and has touched a high and low of Rs. 206.00 and Rs. 202.90 respectively. So far 85168 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »