Piramal Finance Raises ₹3,850 Crore via QIP and Promoter Warrants to Fuel Retail Growth
Piramal Finance Limited has secured a total capital infusion of ₹3,850 crore through a combination of a Qualified Institutions Placement and a proposed preferential allotment to promoters. The capital raise is designed to strengthen the company's balance sheet and provide the necessary equity buffer to support its next phase of retail-led growth across India.
Virtuoso Optoelectronics Approves ₹85 Crore Preferential Issue to ICICI Prudential
Virtuoso Optoelectronics Ltd board has approved a preferential issue of 16,89,859 equity shares to raise approximately ₹85 crore. The capital raise involves three institutional investors, including two schemes from ICICI Prudential, and is subject to shareholder approval.
ACME Solar Secures ₹1,571 Crore Funding from IIFCL for 300 MW Rajasthan Project
ACME Solar Holdings Limited has finalized a ₹1,571 crore long-term debt facility from India Infrastructure Finance Company Ltd (IIFCL). The capital is earmarked for the construction of a 300 MW assured peak power project in Rajasthan, representing IIFCL's first sole greenfield financing for the company.
ICICI Bank Board Approves $5 Billion Offshore Borrowing Limit for Debt Issuance
The Board of Directors of ICICI Bank has approved a revised borrowing limit of up to USD 5.00 billion. The capital will be raised through the issuance of bonds, notes, or offshore Certificate of Deposits in international markets to strengthen the bank's liquidity profile and support global operations.
HCC Shareholders Approve ₹800 Crore Fund Raise via Equity Issuance at 100th AGM
Hindustan Construction Company Ltd (HCC) has received shareholder authorization to raise capital up to ₹800 crore during its 100th Annual General Meeting. The board is now empowered to issue equity shares or equity-linked securities through various routes to bolster the company's financial flexibility.
Kitex Garments Board Approves Massive ₹3,000 Crore Fundraise via QIP and NCDs
The Board of Directors of Kitex Garments Limited has greenlit a significant capital raising plan of up to ₹3,000 Crore. This strategic move involves the issuance of equity shares and other convertible securities to strengthen the company's financial position amidst a period of volatile quarterly earnings.
Encompass Design India to Raise ₹95.25 Crore via Preferential Issue of 38.10 Lakh Shares
Encompass Design India Limited has approved a preferential issue to raise ₹95.25 crore by issuing 38.10 lakh equity shares. The board finalised a revised list of 21 allottees following observations from the National Stock Exchange to ensure compliance with SEBI capital and disclosure regulations.
South West Pinnacle Promoters Raise Stake to 65.94 Percent After Warrant Conversion
Promoters Vikas and Piyush Jain have increased their consolidated stake in South West Pinnacle Exploration to 65.94 percent. This movement follows the conversion of 22.69 lakh warrants into equity shares, partially offset by minor open market sales in late June.
Kabra Extrusiontechnik Revises Preferential Issue Size Upwards to ₹141 Crore
Kabra Extrusiontechnik's board has approved an upward revision of its proposed preferential issue from ₹120 crore to ₹141 crore. The capital raise involves issuing 37.60 lakh equity shares at ₹375 each to a select group of 12 promoter and non-promoter investors to support the company's growth trajectory.