UGRO Capital Limited (NSE: UGROCAP | BSE: 511742), a leading DataTech non-banking financial company (NBFC) specializing in MSME lending, today announced the successful completion of its substantial equity capital raise, securing INR 1,265 Crore through the allotment of Compulsory Convertible Debentures (CCD) and warrants. This financial move was part of a larger equity capital raise […]
In a major strategic move, Shriram Finance Limited (SFL), a leader among India’s non-banking financial companies (NBFCs), has agreed to sell its subsidiary, Shriram Housing Finance Limited (SHFL), to global growth investor Warburg Pincus. The transaction, valued at Rs 4,630 crores, includes equity and convertible instruments of SHFL. Warburg Pincus will execute the purchase through […]
Siguler Guff & Company, LP, a global multi-strategy private markets investment firm with over $16 billion in assets under management, has invested INR 240 crores for an approximate 3.5% ownership stake in Spandana Sphoorty Financial Limited (NSE: SPANDANA). Spandana Sphoorty is a leading rural-focused microfinance non-banking financial corporation (NBFC-MFI) based in Hyderabad. This strategic investment […]
Vesuvius, a prominent leader in the refractory industry, has inaugurated its new Mould Flux manufacturing plant in Visakhapatnam, marking a significant milestone in the company’s expansion in India. The new facility is designed to meet the growing demand for flux, which plays a crucial role in the continuous casting process of steel plants. During the […]
Lubrizol Corporation, a prominent specialty chemicals leader, has inaugurated its new Global Capability Center (GCC) in Pune, India, marking a significant stride in its commitment to enhancing regional and global operations. Located within the new facility at Embassy Tech Zone, Hinjewadi, this center aims to harness local talent and foster close collaboration with customers and […]
Jupiter Wagons Limited (JWL), a leader in delivering comprehensive mobility solutions across rail, road, and marine sectors, has made a strategic acquisition of Bonatrans India Private Limited (BIPL) for Rs. 271 Crore. This acquisition marks a pivotal moment for JWL, establishing it as the first rolling stock manufacturing company in India to possess its own […]