PTC Industries Board Approves ₹1,800 Crore Fund Raise and Higher Borrowing Limits
The Board of Directors of PTC Industries has approved a significant capital raise of up to ₹1,800 crore through equity-linked instruments. Alongside the fund infusion, the company is seeking shareholder approval to enhance its borrowing and investment limits to support long-term growth.
IIFL Finance Board Approves ₹10,000 Crore Fund Raise and CFO Leadership Transition
The Board of Directors at IIFL Finance has approved an enabling resolution to raise up to ₹10,000 crore through equity or other eligible securities. This capital infusion plan is accompanied by a significant expansion of the company's global note program and a transition in its senior financial leadership.
MMP Industries Board Approves Working Capital Funding via ECGLS 5.0 Facility
The Board of Directors of MMP Industries Limited has approved a proposal to seek financial assistance through the Emergency Credit Line Guarantee Scheme (ECGLS 5.0). This funding is specifically designated to bolster the company's working capital requirements to support its ongoing operations in the aluminium products sector.
Power Grid Board Approves ₹4,700 Crore ECB and Raises Borrowing Limit to ₹2.20 Lakh Crore
The Board of Power Grid Corporation of India has approved raising foreign currency funds worth $500 million through External Commercial Borrowings. The company also proposed a significant expansion of its total borrowing headroom to support future transmission infrastructure projects.
Genesys International Board Approves ₹139.3 Crore Capital Raise via Rights Issue
The Board of Directors of Genesys International has approved a capital raise of up to ₹139.30 crore through a Rights Issue of equity shares. This move aims to bolster the company's financial position as it expands its geospatial mapping and digital twin projects across the Indian landscape.
TANFAC Industries Approves ₹250 Crore Fund Raise via Equity Allocation to QIBs
TANFAC Industries Limited has successfully concluded its fund-raising process by approving the allocation of 12.59 lakh equity shares to qualified institutional buyers. The capital infusion is aimed at strengthening the company's financial position within the commodity chemicals sector.
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.