The bank had in August said it plans to issue fresh equity shares up to an amount of Rs 8,000 crore in such a way that the government's shareholding does not fall below 51 percent
US investment firm in talks to invest up to $100 million with an option to inject another $100 million ahead of a proposed initial public offering by the Indian food delivery startup.
Here are the top 10 startups that received maximum funding in July 2020.
This is arguably the biggest consortium of merchant bankers/advisors ever taken on board by an Indian corporate for fundraising purposes in the equity capital markets and sets a new record for India Inc.
The startup is looking to lend aggressively to help consumers buy private transport mode to deal with the pandemic
Moneycontrol spoke to corporate India’s top merchant bankers and capital market lawyers to decode the enormous wave of fundraising in the equity capital markets during the lockdown, the key triggers and trends and the road ahead…
A spokesperson for HDFC said that bankers made presentations to the company “all the time.”
The startup offers test preparation online for non-metro students to help them crack state government job exams.
The startup offers APIs to allow companies to integrate with banks, NBFCs and offer financial products.
Existing investor SAIF Partners also participated in the Series D round.
The sale, being considered for October, would be in either the yen, euro or the dollar
Series-A and angel stage deals have seen an increase in the Indian market, this year.
The bank, at its Board Meeting, decided to raise Rs 5,500 crore through the issue of up to 6.2 crore equity shares. The fund-raising will lead to an equity dilution of up to 3.4 percent.
Analysts' views on Kotak Mahindra Bank, IndusInd Bank, Divi's Laboratories as well as the media sector.
A successful fund raise may value Oyo Rooms at USD 1.2 billion and propel it into the Unicorn club where Flipkart and Paytm are present.
Hero FinCorp, its retail lending arm, plans to raise Rs 1,000 crore in fresh round of funding, according to a report in CNBC-TV18. The money will be used for expansion of business and to diversify into non-organic areas.
India‘s largest online market place, Flipkart, is in plans to increase the size of its funding round and is now seeking to raise up to USD 1.5 billion from investors including Microsoft Corp., eBay Inc., PayPal Holdings Inc. and Tencent Holdings Ltd, reports Mint.
Welspun Renewables Energy (WREPL), its wholly-owned step down subsidiary successfully issued non-convertible debentures of face value of Rs. 10 lakh each, aggregating to Rs. 1,200 crore on a private placement basis.
Trump, who self-funded his primary election campaign by putting more than USD 40 million from his own pocket has said that he intends to raise USD 1 billion for the November general elections which would include funding for the various Senate and Congressional campaigns.
In an interview to CNBC-TV18, TK Srivastava, executive director, Syndicate Bank says the bank will raise the funds in the next two quarters and expects the bank‘s capital adequacy ratio (CAR) to rise to 12 percent.
While the timeline of the fundraising has not been outlined, the move will help Jet Airways bring down its debt.
On account of GDP revival, freight sector has witnessed growth, while core sectors like engineering goods are yet to see recovery, says Vineet Agarwal, MD, Transport Corporation of India.
This latest round of funding - which is also its largest - takes total funding into Snapdeal to USD 241 million or Rs 1,460 crore
London‘s AIM listed Unitech Corporate Parks has put a Gurgaon IT SEZ on the block for Rs 2800-3000 crore. â€œBangalore is a good market(real estate) if somebody has the patience,â€ says Shveta Jain, Executive Director - Residential, Cushman & Wakefield India. She also says property in Ahmedabad is more or less dominated by NRIs.
Orchid Chemicals & Pharmaceuticals has received initial USD 1.5 million in milestone payments from Merck & Co as its research programme with the pharma major for anti-infection drugs has completed a pre-clinical milestone.