Angel One Limited, a leading technology-led financial services company and the largest listed retail stock broking house in India in terms of active clients on the National Stock Exchange (NSE), announced a successful fundraise of ₹15,000 million through a Qualified Institutional Placement (QIP). This strategic financial move is aimed at bolstering the company’s growth trajectory, […]
In an impressive showcase of resilience and innovation, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has once again demonstrated its industry-leading stature by concluding the fiscal year 2023-24 with outstanding sales figures and a host of strategic advancements. The company, renowned for its extensive range of motorcycles and scooters, solidified its leadership […]
In a significant financial move, Karnataka Bank has successfully completed an equity share capital allotment amounting to ₹600 crores through a Qualified Institutional Placement (QIP). This strategic financial maneuver, approved by the Committee of Directors of Karnataka Bank on the day of announcement, underscores the bank’s ongoing commitment to fortifying its capital base to support […]
Syrah Resources Limited (ASX: SYR), a key player in the mining sector, has announced a significant equity raising initiative aimed at securing A$98 million (approximately US$65 million). This financial move includes a fully underwritten institutional placement and a pro rata accelerated non-renounceable entitlement offer (collectively known as the “Offer” or “Equity Raising”). The initiative is […]
In a significant financial maneuver, New York Community Bancorp, Inc. (NYSE: NYCB), parent company of Flagstar Bank, N.A., has announced an over $1 billion investment from a consortium of leading investors including Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Global Equities, and other institutional investors, alongside certain members of the company’s management. […]
Veefin Solutions Limited, listed on the Bombay Stock Exchange (BSE) with scrip code 543931, has received in-principal approval for a fund-raising venture that signifies a major milestone in the Supply Chain Finance (SCF) sector in India. The company is set to raise funds to the tune of Rs 48 crores through a preferential issue, marking […]
In a strategic move aimed at enhancing its financial health and fueling future growth, Transindia Real Estate Limited (TREL), a resultant entity from Allcargo Logistics Limited, has successfully executed a significant divestment. The company has agreed to sell its logistics park located in Jhajjar, Haryana, for an impressive enterprise value of approximately ₹636.71 crore. This […]
IndoStar Capital Finance Limited (IndoStar), a distinguished player in the non-banking financial sector, has made a significant announcement that underscores its robust growth trajectory and strategic expansion plans. The company’s Board has approved a substantial fundraise of INR 456.6 crore through a preferential allotment of warrants, attracting investments from two major entities: Brookfield Asset Management […]
In a significant financial development, the INOXGFL Group, one of India’s leading conglomerates, has announced a successful equity share sale of Inox Wind Limited. This transaction, executed via block deals on stock exchanges, has led to a substantial raise of approximately Rs. 800 crores. This move represents a crucial step towards achieving a net-debt free […]