Page 5 - Equity

Indifi Technologies raises Rs 340 crore in series D equity, debt funding

Indifi has also secured Rs 165 core in debt financing from Vivriti, Northern Arc, SIDBI, along with other lenders

May consider converting interest dues to equity: Voda Idea CFO Moondra

The company is also in talks with banks and investors for raising funds, an official said

BharatPe to share equity worth $100 mn with merchants on its platform

The fintech unicorn said it is aiming for the merchant shareholding pool to be worth about $1 bn by the time it goes public

J&K Bank gets shareholders' nod to raise up to Rs 2,000 cr via equity, debt

Jammu and Kashmir Bank on Friday said it has received shareholders' nod to raise up to Rs 2,000 crore through equity and debt to fund its business. The shareholders at the annual general meeting on Friday approved the plan to raise equity and debt capital of up to Rs 1,000 crore each. They approved raising of equity capital of up to Rs 1,000 crore in one or more tranches by way of rights issue/preferential allotment/private placement or qualified institutional placement (QIP) or any other approved mode, the bank said in a regulatory filing. Also, shareholders approved raising up to Rs 1,000 crore by issuing Basel III compliant tier-II bonds in the nature of non-convertible debentures on a private placement basis. Shareholders also cleared the appointment of Nitishwar Kumar and Mohmad Ishaq Wani as directors.

Forbearance gives Indian banks time to build capital buffers: Fitch

No need for equity capital till FY25 to meet 8% CET1 level

Barbeque Nation raises nearly Rs 100 cr via preferential issue of shares

The company's stakeholder in its meeting approved an allotment of 11,77,855 fully paid-up equity shares of a face value of Rs 5 each at a premium of Rs 844 by preferential allotment

Bank of India looks to cut govt stake with follow-on equity offer in FY23

It is keen on bringing the holding down to 75%, which Sebi has been advising, the bank's MD and CEO Atanu Kumar Das said

Bulls take Sensex past 55,000, index rallies 600 pts as heavyweights gain

The latest positive global sentiment has helped the markets shrug off the underwhelming June quarter results, earnings downgrades, and the possibility of further downgrades

Thrasio-like startup GlobalBees raises $150 mn to create a house of brands

This is the largest Series A round by a Thrasio-style startup in the country. With this round, Vikas Agnihotri of Softbank, Harsha Kumar of Lightspeed and others join the GlobalBees board

FPIs turn cautious, pull out Rs 4,515 cr from Indian equities in July

Foreign Portfolio Investors (FPI) who have turned cautious again, have so far withdrawn net investments worth Rs 4,515 crore in July.

Sebi committee proposes higher sweat equity for new economy firms

Group recommends inclusion of permissible reasons for issuance along with cap on quantum to be issued in sweat equity regulations

Zomato prices its IPO at Rs 72-76 per share; offer open between July 14-16

At the top end of the band, the company could raise Rs 9,375 cr and is valued at Rs 64,365 cr. Zomato's is the largest IPO in 16 months after SBI cards which raised Rs 10,355 cr

What's in store for PMC depositors

They will probably get their money back through staggered payments, and part of it can be converted into equity.

It's time to trade carefully as equity markets hit lifetime highs

With the markets trading at above fair valuations, investors should eschew risky bets

Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma's promoter tag

The company's much-awaited IPO is expected to come by November this year

India Pesticides' Rs 800 cr IPO to open June 23; price band Rs 290-296

Fresh issue of Rs 100 crore, offer for sale of Rs 700 crore; anchor investors to be allotted shares on Tuesday

Covid-led record defaults cloud India's resilient equities, bonds

Firms have defaulted on at least Rs 5,700 cr of domestic bonds this year, while Sensex hit 3-week high amid optimism on US vaccine support

Quess Corp to acquire remaining 30% stake in Conneqt from Tata Sons

Business services provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions Ltd from Tata Sons for Rs 2.08 billion

What about the Bank Investment Company in Sitharaman's Budget 2021?

Between 2015-16 and 2019-20, the Centre had pumped in Rs 3.56 trillion into these banks through both direct subscription of equity shares and recapitalisation-bonds

Infosys, TCS join global initiative by WEF to end racism at workplace

The founding members include 48 organisations representing 13 industries, with more than 5.5 million employees worldwide and headquarters in three continents