Indiabulls Housing Finance is planning to raise up to USD 600mn by way of offering equity to institutional investors by way of Qualified Institutional placement.
After a somewhat shaky start to it campaign down south last year, Sunil Lulla led film studio and content distribution company Eros International has finally found its footing in the South Indian film industry. The company has slotted 12 south Indian films for release in its slate this fiscal, outstripping even the number of Bollywood releases for the year.
Indian Overseas Bank (IOB) has launched Rupay MUDRA Debit Card under the Pradhan Mantri MUDRA Yojna, targeting the micro, small and medium enterprises (MSMEs).
IVRCL Limited will seek shareholders nod for an enabling resolution to raise up to Rs5bn through a qualified institutional placement offer.
Hindustan Unilever Ltd (HUL) has signed an agreement for the sale and transfer of its bread and bakery business under the `Modern’ brand to Nimman Foods Pvt Ltd, an investee company of the Everstone Group (Everstone).
Tata Power started work to set up its Rs4.5bn defence manufacturing facility in Karnataka.
Engineering firm Kalpataru Power Transmission (KPTL) will seek shareholders’ nod to issue securities for up to Rs3bn on a private placement basis.
GlaxoSmithKline Pharmaceuticals began work for setting up a Rs10bn pharmaceutical manufacturing unit in Karnataka.
Bank of Maharashtra said the bank will issue over 100mn shares to the government in exchange of capital infusion of Rs3.94bn.
LIC Housing Finance ( LHFL) will raise up to Rs430bn via non-convertible debentures on private placement basis.
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