Mahindra and Mahindra will be issuing non-convertible debentures worth Rs 1,000 crore for a tenure of three years to raise capital at a time when corporates are facing a liquidity crunch due to the lockdown imposed to contain the Covid-19 pandemic. The rated, listed, unsecured, redeemable non-conver...

Torrent Power Limited issued 1,000 redeemable non-convertible debentures worth around $13.3m on 19 March 2020 via private placement. Shardul Amarchand Mangaldas & Co advised Torrent Power Limited led by a team of partner Debashree Dutta , senior associate Arijit Sarkar , and associate Anshuman ...

The Board of Bharti Airtel has launched a qualified placement of shares worth $2 billion and overseas convertible bond issue for raising another $1 billion. The amount raised will be used for payment of statuary dues and capital expenditure. — The Economic Times AZB & Partners acted for Bharti ...

Whoever said we are looking at a mammoth recession and slower capital markets? Not the legal advisers close to Reliance Industries… After now four gigantic rounds of fundraising for its subsidiary Jio Platforms, Reliance Industries (RIL) is issuing Rs 53,125 crores of equity in what is billed as Ind...

IDFC First Bank … disclosed plans to raise ₹2,000 crore via a preferential issue to ICICI Prudential Life Insurance Co., HDFC Life Insurance Co., Bajaj Allianz Life Insurance, Dayside Investment (Warburg Pincus group), and the bank’s promoter, IDFC Ltd, among others. — Mint AZB & Partners advis...

At a time when the covid-19 pandemic has disrupted normal business operations and put cash flows under stress, Bengaluru-based real estate developer Embassy Property Developments Pvt Ltd has raised $180 million ( ₹1,355 crore) in debt to help with working capital requirements and repayment of existi...

Bajaj Electricals Limited issued equity shares at a price of Rs 310 per rights equity share (including a premium of Rs 308 per rights equity share) aggregating to Rs 3,499.94 million ($47.5m). Bajaj Electricals Limited … announces the successful completion of its Rights Issue of Equity Shares, which...

CA Lotus Investments, an investment arm of Carlyle group, sold 65.51 lakh shares of Metropolis Healthcare through a bulk deal on the BSE. The offer size is 13.06 per cent of the outstanding share capital of Metropolis. Currently, CA Lotus holds 71.79 lakh shares or 14.31 per cent stake in the compan...

New Delhi: Realty firm Lodha Group on Friday said its UK subsidiary has raised $200 million (around Rs 1,473 crore) through issuance of bonds in the Singapore market and the amount will be used to repay debt. Lodha Developers International launched $225 million bond-issue on February 27. — The Econo...

S&R Associates represented ICICI Securities Limited, the , in the INR 4.6 billion qualified institutions placement of equity shares by Prestige Estates Projects Limited, a leading real estate developer in India, according to reports . Prestige Estates, the leading real-estates development compa...

Four law firms have bagged what could be the last big initial public offering (IPO) in a long while, considering the damage the COVID-19 pandemic is wreaking across global financial markets, picking up roles on the short-lived blockbuster SBI Cards and Payments Services subsidiary of State Bank of I...

DMart operator Avenue Supermarts on Tuesday said it has raised Rs 4,098 crore from share sale, which included investors such as Lone Cypress and the Singapore Government. The company in a regulatory filing said it issued and allotted 2 crore shares at an issue price of Rs 2,049, under a qualified in...

Indian Railway Finance Corp, the market borrowing arm of the Indian Railways, has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) to float an initial public offering. — VCCircle Khaitan & Co advised Indian Railway Finance Corporation Limited , via the Government ...

Apeejay Surrendra Park Hotels Ltd, which owns and operates hotel under the brand name ‘The Park’, has filed a draft prospectus with the Securities and Exchange Board of India for an initial public offering. — VCCircle Khaitan & Co advised the managers , ICICI Securities Limited , Axis Capital L...

Value Line Pte. Ltd, an affiliate of KKR Asian Fund II L.P., sold 6,500,000 equity shares of SBI Life Insurance Company Limited, constituting around 0.65% of the issued and paid-up share capital of SBI Life Insurance Company Limited. Private equity giant KKR & Co. has scored benchmark returns b...

Deal credit given in RBL QIP IndusLaw’s new capital markets team has completed its first deal with deal credit in the prospectus, in the RBL Bank Limited qualified institutional placement ( QIP ), together with Khaitan & Co, Norton Rose Fulbright and L&L Partners. The QIP had raised Rs 2,2...

Shares of CSB Bank made a strong debut by listing at Rs 275, a 41 per cent premium against its issue price of Rs 195 per share on the NSE on Wednesday. Fairfax-backed CSB Bank’s Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month. The category reserved for qua...

The Essel Group sold around 16.5% stake (in aggregate) in Zee Entertainment Enterprises Limited (ZEEL) to (i) OFI Global China Fund, LLC (off-market) and (ii) other investors by way of block trade on National Stock Exchange of India Limited (“Transaction”). The promoter group of Zee Entertainment En...

Muthoot Finance has commenced pricing of its three-year dollar-denominated bonds on Monday with the initial price target on the paper coming in at 6.375%. “The firm could be looking to raise anywhere between $300-450 million. The final price is likely to come down fairly from the initial guidance of...

JSW Steel has raised Rs 2,000 crore from Life Insurance Corporation (LIC) through a bond offering. The company has raised fresh funds from 10-year bonds, at a yield of 8.79 percent payable quarterly, a source told Moneycontrol. — Moneycontrol The debentures were secured by a charge over specific fix...