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Aditya Birla Capital plans to raise INR 1,250 crore ($168m) through a preferential share issue to Grasim Industries and Surya Kiran Investments. The move is part of a wider plan to raise up to INR 3,000 crore ($403m) to augment capital and improve solvency margin and leverage ratio.
The Board of Bank of India (BOI) approves the raising of capital for the FY 2023-24 aggregating upto Rs.6,500 crores.
The capital will be raised by issue of fresh Equity Capital in the form of FPO / QIP / Rights Issue / Preferential Issue and / or Basel III compliant Additional Tier-1 (AT-1) bonds (domestic and foreign currency) up to an amount of Rs 4,500 crore, , Bank of India (BOI)
Mumbai (Maharashtra) [India], March 18 (ANI/PNN): Shri Keshav Cement & Infra Limited (BSE - 530977), a leading manufacturer of cement and solar power in Karnataka, has announced a fund-raising initiative through a Preferential Issue of Equity Shares & Equity Share Warrants. The company aims to raise a total of INR 45.98 Crore, comprising INR 19.65 Cr by way of 15,72,000 Equity Shares at a price of INR 125/- per share and INR 26.33 Cr by way of 20,25,000 Equity Share Warrants at a price of INR 130/- each. Additionally, the company plans to convert unsecured loans amounting to INR 24.00 ...
Shri Keshav Cement & Infra Limited, a leading manufacturer of cement and solar power in Karnataka, has announced a fund-raising initiative through a Preferential Issue of Equity Shares & Equity Share Warrants.