corporate finance

New Delhi, March 31 Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with the market regulator, Sebi, to raise ₹600 crore through an initial public offering (IPO).The proposed IPO comprises a fresh issue of equity shares worth ₹300 crore and an offer for sale...

New Delhi, March 30 Gaming and sports media firm Nazara Technologies announced on Monday that its board has approved a proposal to raise ₹500 crore through a preferential issue of warrants.The funds raised through this instrument will primarily support strategic acquisitions, including the...

New Delhi, March 30 JSW Steel, led by Sajjan Jindal, announced on Monday that Japan's JFE Steel Corporation has invested ₹7,875 crore to acquire a 25 per cent stake in JSW Kalinga Steel Ltd.The investment is the first tranche of JFE's planned stake in JSW Kalinga, with 2,26,94,524 equity...

New Delhi, March 30 Black Box, a digital infrastructure solutions provider and a firm within the Essar Group, announced on Monday that it had raised ₹386.36 crore through the conversion of warrants into equity shares, with promoters contributing ₹200 crore to the total investment.According to...

New Delhi, March 30 Pioneer Fil-Med Ltd, a manufacturer of railway components, has filed draft papers with the market regulator, Sebi, to raise ₹500 crore through an Initial Public Offering (IPO).The proposed issue includes a fresh issuance of equity shares worth ₹250 crore and an Offer for...

New Delhi, March 29 EPL Ltd, a global leader in flexible packaging solutions backed by Blackstone, and Indovida India Pvt Ltd, a rigid PET packaging platform, announced a merger deal on Sunday to form a USD 1 billion revenue entity with a combined valuation of USD 2 billion.EPL and Indovida...

New Delhi, March 28 Rentomojo Ltd, an online platform for renting and subscribing to home furniture and appliances, has filed preliminary documents with the capital markets regulator, Sebi, to raise funds through an initial public offering (IPO).The proposed IPO involves the issuance of up to...

New Delhi, March 27 A total of six companies, including SAEL Industries Ltd, Vishvaraj Environment Ltd, and Symbiotec Pharmalab Ltd, have secured approval from Sebi to raise funds through initial public offerings (IPOs), according to an update from the market regulator on Friday.Other...

New Delhi, March 27 The initial share sale of basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd received 3.23 times subscription on the final day of the offering on Friday.The Rs 440-crore initial public offering (IPO) received bids for 6,10,40,560 shares against 1,89,05,270 shares...

New Delhi, March 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...

New Delhi, March 25 The initial share sale of basmati rice exporter Amir Chand Jagdish Kumar (Exports) received 1.47 times subscription on the second day of bidding on Wednesday.The Rs 440-crore initial public offer (IPO) received bids for 2,77,21,680 shares against 1,89,05,270 shares on...

New Delhi, March 24 Electromechanical solutions provider Vivid Electromech secured over Rs 37 crore from anchor investors on Tuesday, a day before its initial public offering (IPO) opens for subscription on the NSE Emerge.Shares were allocated to nine entities, including Motilal Oswal Finvest...

Mumbai, March 24 Integrated agri value chain firm Prime Fresh Ltd (PFL) said on Tuesday that Crisil has upgraded its credit profile, assigning a 'BBB (stable)' rating to its Rs 100 crore debt.This highlights the company's strengthened borrowing capacity and its enhanced ability to service...

New Delhi, March 24 – In a significant development for the Indian Premier League (IPL), a US-based consortium led by tech entrepreneur Kal Somani has reportedly agreed to acquire a 100% stake in Rajasthan Royals for a record $1.63 billion (₹ 13,500 crore).This deal represents the largest...

New Delhi, March 23 Basmati rice exporter Amir Chand Jagdish Kumar (Exports) Ltd raised Rs 60 crore from anchor investors ahead of its initial public offering (IPO).Rajasthan Global Securities, Lords Multigrowth Fund, and Chanakya Opportunities Fund I are the anchor investors, according to a...

New Delhi, March 23 Shares of Innovision Ltd, a provider of manpower and toll plaza management services, closed over 28 per cent lower than the issue price of Rs 519 on Monday.The stock started trading at Rs 466, a decline of 10.21 per cent from the issue price on the BSE. Later, the stock...

New Delhi, March 19 The CBI questioned industrialist Anil Ambani for nearly eight hours on Thursday in connection with a Rs 2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.In a separate case, the CBI...

New Delhi, March 19 – The CBI questioned Amit Dangi, a top executive of Authum Investment & Infrastructure Ltd., on Thursday in connection with the Rs 57.47 crore bank fraud case involving Reliance Commercial Finance Ltd.Dangi is a full-time director at Authum Investment & Infrastructure Ltd...

New Delhi, March 19 The CBI questioned industrialist Anil Ambani for nearly eight hours on Thursday in connection with a Rs 2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.The industrialist, who is facing...

New Delhi, March 18 NBFC firm Paisalo Digital Ltd announced on Wednesday that its proposed Rs 1,500 crore non-convertible debenture (NCD) has received a 'AA/Stable' rating from Brickwork Ratings.The rating agency has assigned a long-term rating of "BWR AA /Stable" for the company's proposed Rs...