In a somewhat surprise announcement, IDFC First bank (IDFB) has announced a significant fund raise. Rs 7,500 cr raise has been announced for 15% dilution. Rs 4,876 cr from Warburg Pincus for 9.8% Rs 2,624 cr from Abu Dhabi Investment Authority (ADIA) for 5.1% Instrument is Convertible Cumulative Preference Shares of face value of Rs … 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
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