Mumbai, July 22
The ₹1,000-crore rights issue of Tata group’s hospitality major Indian Hotels Company Ltd will open on August 4 and a substantial amount of the funds raised will be utilised to repay debt. <...
July 15, 2014
The board of directors of Lakshmi Vilas Bank will meet on Wednesday to consider the size and issue price of the proposed rights issue to existing shareholders. The board will also fix the record d...
Hyderabad, July 3
NCC Ltd expects to complete the ₹600-crore proposed rights issue process before the second quarter of the current financial year. The Hyderabad-based infrastructure company has appointed merchant...
Mangalore, June 21
Syndicate Bank is targeting a business of ₹10 lakh crore by 2020, according to SK Jain, Chairman and Managing Director.
Replying to a query on the bank’s long-term plans by a shareholder...
Mumbai, June 11
About 75% of the money will be used to cut debt, which stood at ₹4,000 cr in FY-14
New Delhi, May 13
Fund raising by Indian companies through rights issue plunged 49 per cent to Rs 4,573 crore in 2013-14, according to a report by Prime Database.It said: “As of now, 2014-15 looks slightly m...
May 4, 2014
Regulations that speed up execution and the ‘big city’ projects can put this road developer on the fast lane »
Mumbai, April 25
The ₹524.5-crore rights issue of IL&FS Transportation Networks opens for subscription on April 28 and closes on May 12. The rights issue consists of an issue of 5.24 crore share...
New Delhi, Aug 20
The Securities and Exchange Board of India has sought clarification from Kishore Biyani-promoted Future Retail regarding the company’s proposed Rs 1,600-crore rights issue.Without disclosin...
Coimbatore, July 16
Lakshmi Vilas Bank has decided on the issue of rights shares to its existing members.
The bank’s board today approved issue of five equity shares for every six shares held at Rs 50 a shar...
July 15, 2014
Shriram EPC has informed the BSE that its board, which had met on July 15, has decided to defer the proposed rights issue to a later date. The company will intimate further developments in t...
Mumbai, July 2
Infrastructure firm NCC Ltd has sought market regulator SEBI’s clearance to raise up to Rs 600 crore through a rights issue.
NCC would issue equity shares for an aggregate amount “not exc...
Bangalore / New Delhi, June 16
FinMin likely to clear fund-raising plans
Hyderabad, May 27
IVRCL Ltd has informed BSE that the company Board will consider the proposal of raising funds by issue of equity shares preferably on rights basis or by any other permissible means.
May 9, 2014
Aditya Birla Nuvo Ltd has completed the sale of subsidiary Aditya Birla Minacs Worldwide Ltd to a group of financial investors led by CX Partners and Capital Square Partners, the company sa...
Mumbai, May 2
Proceeds to be used for development of business
New Delhi, April 21
Tata Power today said its Rs 2,000 crore rights issue has been oversubscribed by nearly two times. Tata Power had offered up to 33 crore equity shares at a price of Rs 60 per share for an a...