Bank of Baroda to Raise ₹6,000 Crore via AT1 and Tier II Bonds
Bank of Baroda’s Capital Raising Committee has approved the issuance of Additional Tier 1 (AT1) and Tier II bonds worth up to ₹6,000 crore. This capital infusion, set to occur in multiple tranches until March 2027, aims to strengthen the bank's capital base and support its long-term growth objectives.
Nazara Technologies to Raise ₹733.50 Crore via Preferential Issue at ₹306 Per Share
Nazara Technologies has approved a preferential issue of equity shares to raise ₹733.50 crore from its incoming CEO and leadership teams of Bluetile and BestPlay. The capital infusion is priced at ₹306 per share and aims to strengthen the balance sheet for aggressive future acquisitions.
Goodluck India Subsidiary to Raise ₹285 Crore for Defense and Aerospace Expansion
Goodluck India's subsidiary, Goodluck Defense and Aerospace Limited, has approved a capital infusion of approximately ₹285 crore through a preferential and private placement of equity shares. This strategic fund raise targets non-promoter investors to bolster the subsidiary's financial position for its specialized defense operations.
OBSC Perfection to Raise ₹86.52 Crore via Preferential Issue at ₹601 Per Share
The Board of Directors of OBSC Perfection Limited has approved a significant capital infusion of ₹86.52 crore through a preferential issue of equity shares. This strategic fundraise, involving two non-promoter institutional entities, aims to bolster the company's capital base as it expands its footprint in the auto parts and equipment industry.
ACS Technologies to Raise ₹20 Crore via Preferential Issue; Appoints New CEO
ACS Technologies has approved a ₹20 crore fund raise through a preferential issue of 49.5 lakh equity shares to Adiniya Investments Private Limited. The capital raise involves converting existing unsecured loans into equity, alongside the appointment of a new Chief Executive Officer with extensive defense sector experience.
P N Gadgil Jewellers Raises ₹700 Crore via QIP; Bandhan and Tata AIG Lead Allotment
P N Gadgil Jewellers Ltd has successfully raised ₹700 crore through a Qualified Institutions Placement (QIP) involving the allotment of over 1.14 crore equity shares. The capital infusion is set to strengthen the company's balance sheet as its paid-up equity capital expands to ₹147.20 crore.
Satin Finserv Mobilises ₹650 Crore via Debt and Equity to Fuel MSME Lending Growth
Satin Finserv Limited, a wholly owned subsidiary of Satin Creditcare Network Limited, successfully mobilized over ₹650 crore through a combination of debt and equity capital in YTD FY27. This capital infusion is designed to strengthen the subsidiary's balance sheet and support its expanding MSME lending operations across 14 states.
Greaves Cotton Subsidiary GEML Completes ₹530 Crore Rights Issue for EV Expansion
Greaves Electric Mobility Limited (GEML), the e-mobility arm of Greaves Cotton, has successfully completed a ₹530 crore rights issue. The capital infusion, backed by anchor investors Greaves Cotton and Abdul Latif Jameel, is designated for accelerating technology development and next-generation product launches in the electric vehicle segment.
Neueon Corporation Board Approves ₹150.79 Crore Rights Issue to Public Shareholders
The Board of Directors of Neueon Corporation has approved a significant capital raise of up to ₹150.79 Crore through a rights issue of partly paid-up equity shares. This move is primarily aimed at achieving compliance with SEBI's minimum public shareholding requirements while the company also prepares for a strategic relocation of its registered office.