Magellanic Cloud Ltd Board Approves 142.08 Crore Capital Raise and Subsidiary Merger
Magellanic Cloud Limited has approved a capital infusion of approximately 142.08 crore through the preferential issuance of equity shares and convertible warrants. The company is also consolidating its operations by merging its wholly-owned subsidiary, IVIS International Private Limited, to streamline its surveillance and security service business.
ACS Technologies Secures ₹4.09 Crore HDFC Bank Loan to Expand Credit Facilities
ACS Technologies has approved the procurement of an additional ₹4.09 crore working capital term loan from HDFC Bank under the ECLGS 5.0 scheme. This capital infusion is designed to strengthen the company's liquidity position, bringing its total aggregate banking facilities to ₹48.74 crore.
Suryoday Small Finance Bank Board Approves Total Capital Raise of ₹500 Crore
Suryoday Small Finance Bank has announced plans to raise up to ₹500 crore through a combination of Tier-1 and Tier-2 capital instruments. The board has also scheduled its 18th AGM for August 6, 2026, and established a record date for the final dividend payment.
Equitas Small Finance Bank Board Approves Capital Raise of ₹1,750 Crore via QIP and NCDs
The board of Equitas Small Finance Bank has cleared a dual-track capital infusion plan comprising a ₹1,250 crore Qualified Institutions Placement and ₹500 crore in non-convertible debt securities. This strategic move aims to strengthen the bank's capital adequacy ratio while supporting its long-term growth objectives and leadership transitions.
City Union Bank to Raise ₹500 Crore via QIP and Declares 200% Dividend
The board of City Union Bank has approved a capital infusion of ₹500 crore through a Qualified Institutional Placement (QIP) route. This strategic move, along with a significant dividend declaration, is aimed at strengthening the bank's capital base and rewarding shareholders as it prepares for the next fiscal growth phase.
Satin Creditcare Network Board Approves Raising ₹5,000 Crore via NCD Issuance
Satin Creditcare Network's board has approved a major capital raising proposal of up to ₹5,000 Crore through Non-Convertible Debentures (NCDs). The funds will be raised on a private placement basis within one year, pending approval from shareholders at the upcoming Annual General Meeting.
Utkarsh Small Finance Bank Approves ₹500 Crore Tier II Bond Issuance
The Board of Directors at Utkarsh Small Finance Bank has approved a significant capital raise of ₹500 crore via Tier II bonds to strengthen its financial architecture. Alongside the fundraise, the bank announced the transition of its Chief Financial Officer, Sarjukumar Simaria, to the position of Whole Time Director for a three-year tenure.
KIMS Launches QIP to Raise Capital; Sets Floor Price at ₹771.73 Per Share
Krishna Institute of Medical Sciences Limited (KIMS) has officially launched a Qualified Institutions Placement (QIP) following board and shareholder approvals. The healthcare provider has established a floor price of ₹771.73 per equity share to attract institutional capital for its next phase of growth.
Vertoz Limited Board Approves Capital Raise via Equity and Debt Instruments
The Board of Directors of Vertoz Limited has approved a proposal to raise capital through various permissible instruments and modes. Currently in an exploratory stage, the fund-raising initiative is subject to necessary statutory, regulatory, and shareholder approvals.