A lowly-rated Indian corporate is set to sell rupee bonds next week, an oddity in the market dominated by state-owned issuers and companies with high ratings. Debt-laden ., rated provisional C by Acuite Ratings & Research Ltd., will seek bids for as much as 2.98 billion rupees ($36.6 million), according to a document seen by … Read more
As the world is witnessing a slow turnaround towards the stabilisation of the global economy in the post covid era, the Indian economy has hit a sweet spot with the BSE SME IPO index delivering the highest-ever return in 2022. Several fund-raising options are emerging in India, and the local companies gearing up to raise … Read more
Investments by private equity and venture capital funds have declined by 42 per cent year-on-year to USD 4 billion in November, a report said on Friday. However, compared to the preceding month of October, investments have increased by 18 per cent, the report by industry lobby IVCA and EY, a consultancy, said, adding this is … Read more
New Delhi: State-owned has got shareholders’ approval to raise up to Rs 85,000 crore through issuance of non-convertible bonds or debentures. “All resolutions as set out in the Notice of 52nd AGM of the company have been duly approved & passed by the shareholders with requisite majority,” a BSE filing said on Monday. The funds … Read more
Mumbai: IndiGo Monday announced its board has approved the raising funds up to Rs 3,000 crore via a qualified institutional placement of shares. The airline last Tuesday said it would consider such a proposal. IndiGo’s decision comes as the aviation industry continues to be a hit by a catastrophic second wave of Covid19 infections. The … Read more
Kolkata: is yet to detail the timelines on a proposed Rs 1,800-crore equity raising plan even two months after its promoter Punjab National Bank declined to infuse capital into it. “I would not be able to comment on the large shareholders, or any of the entities who would like to come about in terms of … Read more
New Delhi: Aavas Financiers Ltd on Friday said its board of directors has approved raising Rs 100 crore by issuing bonds on a private placement basis. The Executive Committee of the board at its meeting held on Friday approved the issuance of rated, listed, senior, secured, redeemable, non-convertible debentures aggregating to Rs 100 crore, the … Read more
The central bank moves on boosting liquidity, through bespoke measures such as TLTRO, should also help expand the corporate bond market. Synopsis Local companies, including banks, could raise between $95-100 billion via primary bond sales this financial year, which could be marginally higher than a year before, estimates ICICI Bank. MUMBAI: Corporate India, including local … Read more
MUMBAI: SoftBank group’s SB Energy, the Indian unit for green energy business, is raising up to $600 million in overseas green bonds being launched Wednesday. This is the first ever offshore bond sale by an Indian private company since the pandemic began. Bonds will likely mature in five years, with the company using the proceeds … Read more