The board of PG Electroplast Limited (PGEL) at its meeting held on Tuesday approved raising ₹76.6 crore through compulsorily convertible debentures (CCD) and preferential allotment of equity shares, the company said in a statement. — Mint Mansukhlal Hiralal & Co advised PG Electroplast Limited ...

[Ministry of Railways-owned RailTel will launch its IPO on February 16 this year. The share sale, which will end on February 18, will be priced at Rs 93 to Rs 94 per equity share. The minimum market lot size for the IPO is 155 shares, where an individual investor can apply for up to 13 lots (2015 sh...

The housing finance major has entered into a share purchase agreement for sale of 44,12,000 equity shares, representing 0.62% of the issued and paid-up share capital of HDFC ERGO. The stake sale is being done in accordance with the direction of the Reserve Bank of India requiring HDFC to reduce its ...

Realty major Macrotech Developers, which recently raised Rs 2,500 crore through a public issue, on … said it will list its shares on stock exchanges on April 19. The Mumbai-based company launched its initial public offer (IPO) on April 7 to raise Rs 2,500 crore through fresh issue of shares. The iss...

Affle (India) has raised ₹600 crore from qualified institutional investors. The fund raising committee of Affle (India) has declared closure of the QIP issue on May 4 and approved the price as ₹5,200 a share. The company has allotted 11,53,845 shares to eligible qualified institutional buyers. Affle...

Private power transmission company Sterlite Power Grid Ventures Limited, the sponsor of infrastructure investment trust (InvIT) India Grid Trust (IndiGrid) has launched a sale of units to raise Rs 825 crore to Rs 850 crore, multiple sources with knowledge of the matter told Moneycontrol. — Moneycont...

“Prabhat Dairy [was] delisted from BSE and NSE on April 30, while trading in its equity shares will be discontinued from April 23, the exchanges said. This comes after the company complied with the formalities for voluntary delisting of equity shares.”, reported Business Standard . J Sagar Associate...

“State-owned Bharat Petroleum Corporation (BPCL) is likely to sell up to 8.68 crore shares, or 4 per cent of the company equity, through a block deal… The company, according to bankers, has set a floor price of Rs 435 per share, a 6.8 per cent discount to Monday’s closing price of Rs 467.”, reported...

IndusLaw’s capital markets team, which had been poached nearly lock-stock-and-barrel from L&L Partners in 2019, has won its highest-profile mandate to date in its role for the banks on the upcoming and eagerly-awaited Zomato initial public offering (IPO).

Power transmission firm Sterlite Power on Monday said it has raised Rs 200 crore in debt financing from Allianz Global Investors. — The Economic Times Allianz extended private credit to a Sterlite Power Group company in the form of their subscription to senior, secured, unrated, unlisted, non-conver...

PE firm Advent International Corp’s Amalfiaco sold 6.06% in CG Consumer Electricals for ₹1,492 crore in an open market transaction on Tuesday. — Mint J Sagar Associates (JSA) advised Advent International led by a team of partners Vikram Raghani and Bir Bahadur Sachar and senior associate Abhilash Ch...

Punjab National Bank (PNB) raised approximately INR 3,788.04 crore through a qualified institutions placement of 1,06,70,52,910 equity shares of face value INR 2 each, at a price of INR 35.50 per equity share (at a discount of 4.95% i.e., INR 1.85 per equity shares on the Floor Price), including a p...

Max Financial Services Limited (MFSL) … swapped its 21.87% stake in Max Life Insurance Company Limited (Max Life) with 20.57% stake of Mitsui Sumitomo Insurance Company, the company said. — Mint AZB & Partners advised Max Life Insurance Company Limited and Max Financial Services Limited and the...

The quick service restaurant chain’s IPO performance almost matched state-run Mazagon Dock Shipbuilders’ share sale in October which was subscribed more than 157.41 times. Burger King’s ₹810 crore IPO received bids of 11.67 billion shares, against the 74.49 million on offer, showed data received til...

SBI Mutual Fund invested, by way of a preferential allotment, of Rs. 150 crore in Tube Investments of India Limited (“TIIL”), a listed public limited company which is part of the Murugappa Group. The board of Tube Investment of India (TIIL) has approved raising Rs 350 crore from Azim Premji Trust an...

PE firms Advent International Corp’s Amalfiaco and Temasek’s MacRitchie Investments Pte Ltd sold 8.77% in CG Consumer for ₹1631 crore in an open market transaction on Tuesday. — Mint Advent and Temasek collectively sold 8.75% shares of Crompton Greaves for an aggregate consideration of approximately...

CreditAccess Grameen, is one of the largest microfinance institutions in the country. Headquartered in Bengaluru, it is focused on providing micro-loans to women predominantly in rural areas across India. It operates in 13 states, including Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh and Madhya...

The rights issue of Mahindra & Mahindra Financial Services (Mahindra Finance) has been subscribed nearly 1.3 times. The issue saw a demand for over Rs 4,000 crore worth of shares against its offer size of Rs 3,088.82 crore. — Moneycontrol Khaitan & Co advised Mahindra & Mahindra Finan...

…the board of directors at Motherson Sumi Systems Ltd (MSSL) has approved the issuance of listed, secured, redeemable, non-convertible debentures (NCDs) with an aggregate amount up to ₹500 crore on a private placement basis, the company said in a regulatory filing today. — Mint Shardul Amarchand Man...

Kotak Mahindra Bank… launched qualified institutional placement (QIP) offering to raise up to ₹7,500 crore. The bank has set a floor price of ₹1,147.75 per share for the offering. QIP is a tool used by listed companies to sell shares or other securities to qualified institutional buyers such as mutu...