Shriram Transport Finance Co. Ltd.(STFC) is looking to raise ₹3,000-4,000 crore via a qualified institutional placement (QIP) or preferential allotment to augment liquidity, two persons with direct knowledge of the...
Insolvency suspension to bite banks as stressed asset resolution seems distant
Concerned over deteriorating asset quality post covid-19, banks are now hamstrung with regard to resolution and recovery as the government has suspended fresh insolvency cases for 12 months. While the effect of the...
Rahul Bhatia’s InterGlobe Enterprises bows out of Virgin Australia bid
IndiGo promoter Rahul Bhatia-controlled InterGlobe Enterprises Private Limited hasn’t made it to the final list of bidders for Virgin Australia Holdings Ltd. Bain Capital, BGH Capital, US-based private equity fund...
Logistics marketplace LetsTransport raises ₹13 crore from InnoVen Capital
Intra-city logistics marketplace, LetsTransport has raised ₹13 crores as a part of a new debt round from venture debt provider InnoVen Capital. Founded in 2015, by IIT-Kharagpur alumni, Pushkar Singh, Sudarshan Ravi...
SoftBank doubles buyback plans while Jack Ma leaves board
SoftBank Group Corp. doubled the amount it plans to spend buying back shares and announced changes to its board, including the resignation of long-time director Jack Ma. The company plans to repurchase as much as 500...
General Atlantic to invest ₹6,598 cr in Jio Platforms
Reliance Industries Ltd (RIL) on Sunday said New York-based private equity giant General Atlantic will invest ₹6,598.38 crore in its digital assets subsidiary, Jio Platforms Ltd. The deal, which comes just two days...
Damanis increase stake in India Cements to 19.89%
Radhakishan S Damani family, the promoters of retail chain D-Mart, has increased shareholding in India Cements Ltd by 15.16 per cent as of March 2020. Radhakishan S Damani and his brother Gopikishan S Damani now...
Kishore Biyani’s Future Consumer to raise ₹300 crore through rights issue
Kishore Biyani’s FMCG business Future Consumer Ltd on Saturday said that its board had approved raising up to Rs300 crore through a rights issue. Future Consumer sells over 30 brands across packed foods...
Reliance Industries’ $7 billion rights issue to open on 20 May
Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said it will open its Rs53,215 crore ($7 billion) rights issue for subscription on 20 May, according to a stock exchange filing. The rights issue will close on...
Warren Buffett’s Berkshire sells majority of Goldman Sachs stake
Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc, despite the billionaire’s assurance that the banking sector was not a “primary...
Cipla’s board approves Rs3,000 crore fundraising proposal
Indian pharmaceuticals major Cipla Ltd on Friday said that its board had approved a proposal to raise up to Rs3,000 crore through sale of equity shares or equity linked instruments, the company said in a stock exchange...
Fitness startup Stepathlon Lifestyle raises funds from global investors
Fitness startup Stepathlon Lifestyle on Friday said it has raised an undisclosed amount from nine investors across India, Australia, US, UK and Canada. The investors include Josh Liberman, who leads one of Australia’s...
