The Securities Issue Committee of the Board, at its meeting held on Sunday, approved the rights issue.
DLF Group CEO KP Singh will look to retire a part of the company's debt by infusing Rs 10,000 crore via a preferential issue of shares. Adhidev Chattopadhyay of Elara Capital maintained that Rs 10000 crore valuation still remains a question mark as some had earlier said that the sum would be around Rs 6000-7000 crore.
Allcargo has "plans to raise funds up to Rs 300 crore through permitted securities, for proposed/future CAPEX or acquisitions for business growth," the firm said in a statement.
Ajay Singh, who helped set up the airline in 2005, was expected to submit a plan on Monday. The official said Singh had sought two to three weeks to finalise the plan.
Along with important announcements for small and medium enterprises (SMEs), the annual budget also provides numbers on the Indian economy that can impact SMEs.
India is looking to make it easier for companies to raise funds by allowing them to issue rupee bonds that are guaranteed from offshore entities, while easing some of its overseas borrowing rules.
Insurance regulator IRDA today came out with guidelines allowing life insurance companies, which have been in business for over 10 years, to raise funds from the public through IPOs.
Debt-ridden Jet Airways said on Tuesday it would sell and lease back aircraft and offload land to raise funds for what its auditors called a cash crunch threatening its future.
Sun Pharma Advanced Research Company's (SPARC) board will consider rights issue to raise funds, at their meeting to be held on July 14.
Real estate firm DB Realty said on Wednesday it will look to raise funds via private equity for a couple of its projects.
In dire need of funds to finance modernisation of several airports, the Airports Authority of India (AAI) has invited bids to raise funds to the tune of Rs 300 crore from the bond market to meet its capital expenditure requirements, its officials said today.