Bain Capital is investing Rs 4,385 cr to acquire an 18.0% stake in Manappuram Finance (MFL). Stake is being acquired through the preferential allotment 50% is upfront equity infusion 50% is through warrants Investment is @ Rs 236 per share/ warrant; 9% premium to the last closing price. The stock has increased by 37% in … Read more
Medicamen has recently won a new long term contract manufacturing contract from a US distributor. Company has now announced a board meeting on February 26, 2025 to consider a new fund raise. The intention is to raise some sort of equity (direct or convertible) by way of Preferential Issue/ Rights Issue/ QIP/ or any other … Read more
The erstwhile promoter Sameer Gehlaut is already out of the Company since June 2023. The Company’s ownership was significantly (about 33%) controlled by institutions as at December 31, 2024. To further the revival/ growth of the business, Company has now concluded a QIP raise of Rs 1,300 cr. QIP has been done at a price … Read more
Kalpataru Projects International has informed that it has successfully completed a Qualified Institutions Placement (QIP) of Rs 1,000 cr. This is Company’s first equity raise in over a decade. As per the Company, the capital raise attracted significant interest from domestic mutual funds, foreign investment funds, and insurance companies. Funds are expected to strengthen Kalpataru’s … Read more
Along with it’s Q2 FY 25 results,. Zomato’s board has approved a QIP raise. QIP is for Rs 8,500 cr Raise is to strengthen the balance sheet As per Company – “While the business is now generating cash (vis-a-vis a loss making business at the time of IPO), the company believes that it needs to … Read more
HDFC Bank currently owns 94.6% in HDB Financial Services. The bank has announced a Rs 12,500 cr IPO of HDB. HDB incorporated in 2007, is a non-banking financial company (NBFC) that provides lending and business process outsourcing (BPO) services to individuals and businesses The lending involves both secured and unsecured loans and the BPO services … Read more
Recently, Supreme Court had dismissed pleas by Indian telecom operators to re-compute Adjusted Gross Revenue (AGR) dues. The companies had sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. This resulted in significant implications specifically for Vodafone Idea (VIL), whose burden has now increased to Rs 70,320 cr as of FY24. … Read more
The QIP was announced last month at a price of Rs 1850-1880/ share (about 11% discount to the then market price). QIP will result in a 5.54% equity dilution Rs 1000 cr will be utlised in the following manner – Rs 500 cr for organic growth. Capex will be completed by FY26. the medtech industry … Read more
With the objective to take advantage of the upcoming growth opportunities, IDFC First Bank has announced a Rs 3,200 cr preferential issue (current mcap of the Bank is around Rs 55,000 cr). The issue is priced at Rs 80.63/ share. It’s close to the current market price of Rs 77-78/ share. Subscribers to the preferential … Read more