Kalpataru Power Transmission Ltd on Friday said it has bought back 58.06 lakh equity shares for ₹142.68 crore. “The company has bought back 58,06,262 equity shares at an average price of ₹245.75 per equity...
Tata Power raises ₹1,000 cr via debentures
Tata Power on Friday said it has raised ₹1,000 crore through issuance of non-convertible debentures (NCDs). The company raised the amount through the issuance of 10,000 unsecured, redeemable, taxable, listed, rated NCDs...
Banks to accept bids for DHFL till 10 Dec
Lenders to Dewan Housing Finance Corp. Ltd (DHFL) have extended the deadline for bidders to submit revised resolution plans, betting that a potential bidding war among the suitors will help banks extract more value from...
Murugappa’s Tube to raise ₹350 cr from Azim Premji Trust, SBI MF
Murugappa group company Tube Investments of India Ltd Thursday said its board has approved raising ₹350 crore from Azim Premji Trust and SBI Mutual Fund through a preferential allotment or private placement. Azim Premji...
Salesforce in talks to acquire workplace app Slack: Report
Cloud-based software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies Inc as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday...
Unacademy raises fresh funds at $2 bn valuation
Edtech unicorn Unacademy on Wednesday said it has raised funds from US-based Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion. The company did not disclose the funding amount, but a...
NSE warned Future Retail of action over disclosures on Amazon dispute
TheNational Stock Exchange (NSE) privately warned Future Retail it risked regulatory action for not making timely market disclosures about efforts by Amazon.com to block a disputed asset sale, according to e-mails...
Union Cabinet approves ₹2,481 crore worth FDI into ATC Telecom Infra
The Cabinet Committee on Economic Affairs on Wednesday approved foreign direct investment (FDI) worth Rs2,480.92 crore in ATC Telecom Infrastructure Pvt. Ltd. by ATC Asia Pacific Pte. Ltd. Union minister Prakash...
App-based bus service provider Cityflo raises $8 mn led by Lightbox Ventures
Cityflo, an app-based bus service provider, has raised ₹57 crore ($8 million) in Series A funding led by Lightbox Ventures along with existing investors India Quotient among others. The Mumbai-based company said it will...
DHFL lenders to vote on calling new bids today
Lenders to Dewan Housing Finance Corp. Ltd (DHFL) are likely to seek fresh bids for the bankrupt mortgage lender, and its committee of creditors (CoC) is expected to vote on Wednesday to decide on this matter, five...
Lufthansa to raise $1.2 billion from junk bond markets
Lufthansa is set to raise 1 billion euros ($1.2 billion) through its first conventional bond issue since the onset of the coronavirus crisis, a lead manager said. The German airline operator’s five-year bond was...
Cashfree raises $35 million led by Apis, Y Combinator
Bengaluru-based fintech startup Cashfree has raised $35.3 million as part of its Series B funding round. The investment was led by growth stage financial services investor, Apis Growth Fund II, with participation from...
