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.
Craftsman Automation Approves ₹2,000 Crore QIP; Sets Floor Price at ₹8,966.13
Craftsman Automation's Fund-Raising Committee has approved a Qualified Institutions Placement (QIP) to raise up to ₹2,000 Crores through the issuance of equity shares. The committee set the floor price at ₹8,966.13 per share and officially opened the issue on June 15, 2026.
Emerald Finance Secures ₹10 Crore Term Loan from ICICI Bank to Fuel Expansion
Emerald Finance Ltd has raised a ₹10 crore term loan from ICICI Bank Limited to accelerate its business expansion and onward lending activities. The capital will primarily support the scaling of the company's Earned Wage Access (EWA) program, targeting employees of major corporate entities.
Ather Energy Board Approves ₹2,500 Crore Fund Raise via QIP and FCCB Issues
Ather Energy's Board of Directors has approved a major capital infusion plan to raise up to ₹2,500 crore through diverse financial instruments. The fundraise aims to strengthen the company's balance sheet and support its aggressive growth trajectory in the Indian electric vehicle market.