Tag Archives: crore

Home First Finance plans to raise Rs 1,500 crore, files IPO papers with SEBI

Home First Finance Company (HFFC) on November 29 filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The housing finance company is expected to raise Rs 1,500 crore through the public issue. The IPO comprises a fresh issue of Rs 400 crore and Rs 1,100-crore offer for ... Read More »

Bajaj Finance picks banks for Rs 7,000-8,000 crore share sale

Mumbai: Sanjiv Bajaj-backed Bajaj FinanceNSE 0.74 % has appointed investment banks Moran Stanley, JM FinancialNSE 3.30 %, Kotak Mahindra Capital Co and Nomura Holdings to help raise around Rs 7000-8000 crore through a qualified institutional placement or QIP. The issue that will help the non-banking finance company shore up its equity base, is expected to see a lot of interest from institutional investors in the aftermath of the ... Read More »

PNB Housing Finance raises around ₹690 crore from IFC

New Delhi: PNB Housing Finance Ltd on Monday said it has raised $100 million (around ₹690 crore) from International Finance Corporation (IFC), a member of the World Bank Group, to finance the purchase of affordable housing projects. “The investment was made under the central bank’s automatic route in the revamped external commercial borrowings (ECB) framework,” PNB Housing Finance Ltd said in a regulatory ... Read More »

ICICI Bank buys 9.9% stake in Kisan Rural Finance for Rs 17.82 crore

ICICI Bank has bought a 9.9 percent stake in non-banking finance company Kisan Rural Finance for a cash consideration of Rs 17.82 crore. Kisan Rural, incorporated on December 7, 2017, had a net loss of Rs 4,800,000 (Rs 0.48 crore) on revenue of Rs 400,000 (Rs 0.04 crore) in FY2018. The deal will involve the acquisition of roughly 1.49 crore equity shares with ... Read More »

L&T Finance to launch Rs 1,500 crore NCD issue

Mumbai: L&T Finance said on Thursday it will launch a non-convertible debenture (NCD) issue to raise up to Rs 1,500 crore, yielding up to 9.35 per cent per annum. This tranche opens for subscription on March 6 and closes on March 20. The issue size is Rs 500 crore, with a greenshoe option of Rs 1,000 crore. These secured NCDs are rated ... Read More »

AYE Finance raises Rs 147 crore via fresh round of equity funding

CapitalG’s access to Google expertise in scaling businesses using analytics and technology will strongly supplement our approach. Non-banking financial company AYE FinanceNSE -0.08 % has raised Rs 147 crore (USD 21.5 million) in a series C equity funding from CaptialG and existing investors to fund its business growth. Apart from CaptialG (formerly Google Capital), the existing investors SAIF Partners and LGT have infused equity in this ... Read More »

Over 2.4 crore NCERT textbooks pre-booked online

Over 2.4 crore NCERT textbooks have been pre-booked by schools and students from across the country within a month after the council launched an online portal for the purpose, an official said today. To deal with the “virtual” shortage of books which forced parents to buy expensive books from private publishers, the National Council of Educational Research and Training (NCERT) ... Read More »

Piramal Finance sanctions Rs700 crore in second funding round to ACME Solar

Piramal is committed to continued investments in sustainable energy in the near future, says Khushru Jijina, managing director, Piramal Finance. Bengaluru: Piramal Finance Ltd, a subsidiary of Piramal Enterprises Ltd, has sanctioned an additional Rs700 crore to renewable energy firm ACME Solar Holdings Ltd through its non-real estate lending arm Corporate Finance Group (CFG). The financing has been done through a ... Read More »

Xander finance invests 130 crore in Adarsh developers ‘residential project’

Xander Finance, the non-banking finance arm of Xander Group, had invested Rs 130 crore in Adarsh Developers’ residential project in Bengaluru.”We have already funded more than half of the total commitment of Rs 130 crore provided to Adarsh. This facility is for project development for their villa projects in and around south-east Bengaluru,” said Amar Merani, the CEO of Xander ... Read More »

This 21-year-old Delhi boy got a Rs 1.25 crore placement offer from Uber

21-year-old Sidharth, a computer science engineering student has been offered the job of a software engineer at the Uber’s San Francisco office. He will get an annual package of Rs 1.25 crore with other benefits. In picture, 21-year-old Sidharth ( Image source- HT) RELATED STORIES Assam to get three new medical colleges QS World University Ranking producers visit India to ... Read More »