Kalpataru Projects concludes Rs 1,000 cr QIP

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

SBI raises Rs 10,000 cr via 15-year infrastructure bonds at 7.36% coupon

State Bank of India (SBI), the country’s largest lender, raised Rs 10,000 crore through 15-year infrastructure bonds to fund projects in sectors like power and roads. The coupon rate for the bonds is fixed at 7.36 per cent. The issue was oversubscribed by almost four times the base issue size of Rs 5,000 crore. Earlier, … Read more