Raising

The funding round saw Japan-based MyNavi Corporation participating as a new investor.

Logistics platform MatchLog raises $3mn from Blue Ashva Capital, Rainmatter Climate and Capital-A

MatchLog plans to grow the multi-modal share in addition to road transport and expand its footprint to more ports in India and abroad

Reporter's Take | Oyo in talks to raise another round at valuation of $12.5 bn

With this deal, Oyo could become one of the most valued internet companies in the startup ecosystem in India, surpassing Paytm.

PSU stake sale every fortnight, to achieve Rs 30K cr target

Working against time to achieve Rs 30,000 crore disinvestment target, the government has decided to come out every fortnight with one PSU public issue, beginning with Oil India.

VSNL land row blocking equity raising plan of Tata Comm

It's been six months since the cabinet approved the demerger of the surplus 740 acre VSNL land into a separate entity. But Tata Communications, as VSNL is now called, says the sale has faced several issues. It's even hampering the company's efforts to retire its $1 billion debt, reports Kritika Saxena of CNBC-TV18.

Re funds preferred due to pre-payment clause: Everest Kanto

Prem Khurana, CMD, Everest Kanto Cylinder, says that the company was able to raise fund easily due to good track record. The company preferred the rupee line because of the availability of the prepayment clause.

City Union Bank plans to raise up to Rs 400 crore: CFO

S Sundar, CFO, City Union Bank, says that the bank is currently looking at raising Rs 400 crore via right issue and the bank may go in for QIP route once the right issue is completed in September.

Apollo, ICICI raising $350m for India distress fund

US private equity firm Apollo Global Management LLC and ICICI Venture, the private equity arm of No.2 Indian lender ICICI Bank , are close to raising USD 350 million to invest in distressed assets in India, two sources with direct knowledge of the matter told Reuters.