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New Delhi (ABC Live): Competition approvals in India are often delivered in dry, technical language. This one does too. On April 7, 2026, PIB said CCI approved the acquisition by Indriya Ltd. of equity shares amounting to 14.286% of Aditya Birla Housing Finance Ltd. through a preferential issue on a private placement basis, calculated on a fully diluted, post-issue basis. PIB also described the acquirer as an investment holding company with no current operations in India. In contrast, it describ ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) plans to raise the threshold for identifying high value debt listed entities (HVDLEs) to ₹5,000 crore from the existing ₹1,000 crore. The move is aimed at reducing the compliance burden for such companies. Sebi said the move would reduce the number of HVDLEs from 137 to 48 entities, effectively bringing down around 64 entities from the current threshold. Corporate governance norms were introduced for HVDLEs in September 2021. These norm ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On Monday, ALT5 Sigma, a fintech company specializing in blockchain infrastructure, unveiled plans to establish a crypto treasury focusing on the World Liberty Financial (WLFI) project -- a venture backed by the Trump family. The announcement, however, was met with a swift and negative reaction from investors, resulting in a significant drop in the company's stock price. ALT5 Si ...Read More >
Kochi: Muthoot Capital Services Ltd has announced plans to raise ₹100 crore through a private placement of non-convertible debentures (NCDs). The company will issue 10,000 NCDs, each worth ₹1 lakh. The Kochi-based non-banking financial company (NBFC) said that the debentures will carry an annual coupon rate of 10.35 per cent. Non-convertible debentures are a type of debt instrument issued by companies to raise money from investors. They are called non-convertible because they cannot be convert ...Read More >
New Delhi, Dec 26 (PTI) The Metropolitan Stock Exchange of India (MSE) is set to raise Rs 238 crore from four entities including Billionbrains Garage Ventures, Groww's parent, and Zerodha's Rainmatter Investments in a bid to stay afloat. Others who invested in MSEI are -- BSE-listed Share India Securities, and Securocorp Securities India. The exchange's board in its meeting on Tuesday approved the issuance of 1.19 billion equity shares at Rs 2 per share, comprising Rs 1 face value and Rs 1 pre ...Read More >
Bank of India (BOI) has raised ₹5,000 crore from a long-term bond (infrastructure) issue on a private placement basis. Bids amounting to ₹13,700 crore were received and the issue was oversubscribed by 6.85 times against the base issue size of ₹2,000 crore. It also had a green shoe option of ₹3,000 crore. The bank has decided to accept bids of ₹5,000 crore at coupon rate of 7.41% per annum, State-owned lender said in a filing on Wednesday. The issue was an unsecured, subordinated, redeemable, n ...Read More >
VANCOUVER, BC, Nov. 18, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) ("BioVaxys" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") consisting of up to an aggregate of 14,285,715 units of the Company (each, a "Unit") at a price of CAD$0.07 per Unit for gross proceeds of up to CAD$1,000,000. Each Unit consists of one (1) common share in the capital of the Company (each, a "Share") and one (1) wh ...Read More >
Boston, MA, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) today announced its financial results for the 13 and 39 weeks ended September 29, 2024 (Q3 2024 and YTD Q3 2024, respectively). The fiscal year of MiniLuxe is a 52-week reporting cycle ending on the Sunday closest to December 31, which periodically necessitates a fiscal year of 53 weeks; fiscal years referred to in this release consist of 52-week periods. Unless otherwise specified, all amounts are reported in U.S. ...Read More >
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