Tag Archives: Raise

[Weekly Funding Roundup] Equity falls 88 pc as startups raise only $75.7M

This week, equity funding receded to just $75.7 million, 88 percent less than last week’s $624.6 million. This week’s funding was spread across just 14 deals, 11 of which were early-stage. The reason for a poor show was the absence of mega rounds and late-stage deals. Weekly funding roundup Early-stage deals Mumbai-based startup Atomberg Technologies raised $10 million as a part ... Read More »

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to them in July last year. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of ... Read More »

Indian Banks May Raise $30 Billion Through Bonds By March 2019: Fitch

Banks need around $90 billion in extra capital by March 2019, says Fitch. New Delhi: Indian banks need around $90 billion additional capital by March 2019 and one-third of this amount is expected to be raised through bonds, according to a report by ratings agency Fitch. Indian banks are likely to become more active in the Additional Tier 1 (AT1) ... Read More »

RInfra Fund Files Draft Red Herring Prospectus To Raise Rs. 3,000 Crore

Mumbai: Reliance Infrastructure (RInfra) said on Friday that it has filed initial papers with the Securities and Exchange Board of India (Sebi) to raise Rs. 3,000 crore through a draft red herring prospectus (DRHP). “The Reliance Infrastructure InvIT Fund (RInfra InvIT), has filed the DRHP with the Securities and Exchange Board of India and the issue size is Rs. 3,000 ... Read More »

HDFC Gets Nod To Raise Rs 3,000 Crore Through Masala Bonds

Mumbai: Having already exhausted a Rs 5,000 crore limit to issue masala bonds, mortgage major HDFC on Saturday said the Reserve Bank of India has granted it permission to raise another Rs 3,000 crore from the newly emerging route. “We have approval from the RBI to raise more money. I think, we have approval for Rs 3,000 crores. But, we ... Read More »

Why it’s tough to raise an Olympian

  Moms and dads of Olympians give up jobs, get into debt and ignore the jibes of relatives to raise a child who may or may not make a podium finish. Parents of a few Indian sporting champions explain how they tackled the challenge to go from can-do to must-do. Imran Mirza had a plan. He bought a second-hand Maruti ... Read More »

BlackBerry to Raise $605 Million From Shareholder Fairfax, Others

Troubled smartphone maker BlackBerry said it would raise about $605 million (roughly Rs. 4,062 crores) by selling convertible debentures to shareholder Fairfax Financial Holdings and other investors. The Canadian company will also redeem on September 2 roughly $1.25 billion (roughly Rs. 8,393 crores) worth of outstanding debentures carrying a coupon of 6 percent, it said on Friday. The new debt ... Read More »

Tata Power To Raise Rs. 3,500 Crore Via Debentures

Tata Power board approved raising up to Rs. 3,500 crore through issuance of non-convertible debentures. New Delhi: Tata Power on Monday said that its board has approved raising up to Rs. 3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis. “The Board of Directors of the Company at its meeting held on July ... Read More »

SelfDrive.in Plans to Raise $6 Million for Expansion in Next 6 Months

SelfDrive.in, the Pune-based online self-drive cab operator, is planning to raise $6 million (roughly Rs. 40 crores) from venture capitalists over the next six months to fund expansion into Delhi, Bengaluru and Hyderabad. “We are talking to a couple of venture capitalist funds to raise around $6 million over the next six months as we look to enter Delhi, Hyderabad ... Read More »