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Godrej Industries plans to raise up to Rs 3,000 cr, seeks shareholders' nod
YourStory
ยท
12m ago
Medial
Godrej Industries Ltd is planning to raise up to Rs 3,000 crore through the issuance of debt instruments, such as unsecured non-convertible debentures (NCDs) or bonds. The company will seek approval from shareholders by way of a special resolution. The fund will be raised within a year and the interest rate will be determined based on prevailing market conditions. The funds will be used for various purposes including business investments, loan repayment, and general corporate needs. Godrej Industries is a flagship firm of the Godrej Industries Group with diverse interests.
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EQT, ChrysCap-controlled Credila, six others get SEBI nod for IPOs
VCCircle
ยท
2m ago
Medial
Credila Financial Services, backed by EQT and ChrysCapital, and six other companies have received SEBI approval for IPOs. Credila, focused on education financing, aims to raise up to Rs 5,000 crore, with additional investment by its backers. Sri Lotus Developers plans a Rs 792 crore IPO for luxury projects in Mumbai. Other approved IPOs include Euro Pratik, Caliber Mining and Logistics, Jaro Institute, Jesons Industries, and Gem Aromatics, with varied plans for fundraising and debt reduction.
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Advent, Jhunjhunwala family-backed companies get SEBI nod for IPO
VCCircle
ยท
8m ago
Medial
Two companies backed by Advent International and the Jhunjhunwala family have received approval from the Securities and Exchange Board of India (SEBI) for their initial public offerings (IPOs). Packaging products maker Manjushree Technopack, backed by Advent, plans to raise INR 3,000 crore, using INR 500 crore to pay off debt. Healthcare technology company Inventurus Knowledge Solutions, backed by the Jhunjhunwala family, has submitted IPO documents for the offer for sale of shares held by existing shareholders. As of March 2021, Inventurus had 800 healthcare organizations as clients.
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Urban Company secures shareholder nod for IPO, to raise Rs 528 crore in fresh capital
Economic Times
ยท
4m ago
Medial
Urban Company has received shareholder approval for an IPO to raise Rs 528 crore in fresh capital. Initially targeting a Rs 3,000 crore IPO, the company adjusted its plans due to market conditions. The IPO will include both primary capital raise and an offer-for-sale from investors. Urban Company has appointed Kotak Mahindra, Goldman Sachs, and Morgan Stanley as bankers. The company narrowed its net loss in fiscal 2024 and reported a pre-tax profit in early 2025.
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Lenskart secures shareholder nod to raise Rs 2,150 crore via IPO - The Economic Times
Economic Times
ยท
12d ago
Medial
Lenskart's shareholders have approved an IPO to raise Rs 2,150 crore, with plans to file a draft red herring prospectus with Sebi soon. The eyewear company, valued at $6.1 billion, aims to join other firms seeking public funding. The shareholders also endorsed a new employee stock option plan. Lenskart reported a 43% rise in FY24 revenue and reduced net loss. The company continues to expand its omnichannel strategy, combining online and over 2,500 retail outlets.
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Adani Energy Solutions' board okays raising up to Rs 12,500 cr via equity shares
YourStory
ยท
1y ago
Medial
Adani Energy Solutions plans to raise up to Rs 12,500 crore through qualified institutional placement or other modes, according to the approval by its board of directors. The final approval from shareholders is scheduled to be sought at the annual general meeting on June 25, 2024. The company aims to issue equity shares or other eligible securities to raise the funds. The filing stated that the funds will be raised in one or more tranches, adhering to applicable laws.
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Swiggy IPO: Foodtech Major Gets Shareholdersโ Nod To Up Fresh Issue Size To INR 5,000 Cr
Inc42
ยท
10m ago
Medial
- Shareholders approved an increase in the fresh issue size of Swiggy from INR 3,750 Cr to INR 5,000 Cr. - Swiggy aims to raise $1.4 Bn through its IPO, up from the initial plan of $1.25 Bn. - The projected valuation for Swiggy's IPO is approximately $15 Bn. - The IPO will involve an offer for sale component of 18.53 Cr shares in addition to the fresh issue. - The approval from shareholders paves the way for Swiggy to secure more funds and strengthen its position in the foodtech industry.
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Warburg Pincus-backed Avanse Financial files draft papers for Rs 3,500 Cr IPO
YourStory
ยท
1y ago
Medial
Avanse Financial Services, an education-focused non-banking financial company (NBFC), plans to raise Rs 3,500 crore through an initial public offering (IPO). The funds will be used to increase the company's capital base. The IPO includes a fresh issue of equity shares worth up to Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by existing shareholders. Avanse Financial Services is the second-largest education-focused NBFC in India, offering education loans to students and financing for educational institutions. The IPO is being managed by multiple financial firms including Kotak Mahindra Capital and J.P. Morgan.
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Signature Global to raise Rs 875 cr by August via debentures to refinance debt, future growth
Economic Times
ยท
1m ago
Medial
Realty firm Signature Global plans to raise up to Rs 875 crore through non-convertible debentures (NCDs) for debt refinancing and business expansion. Signature Global's board approved the fund-raising effort, subject to shareholders' approval, with Rs 450 crore earmarked for debt refinancing and the remainder for growth. The company aims to execute this fundraising by August. Signature Global has shifted its focus from affordable housing to mid-income and premium segments due to high land costs.
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Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries
Economic Times
ยท
1m ago
Medial
The Securities and Exchange Board of India (SEBI) has approved IPOs for Sunshine Pictures, M&B Engineering, and Lumino Industries. Sunshine Pictures plans to issue 83.75 lakh shares, with proceeds aimed at working capital and corporate needs. M&B Engineering will raise Rs 653 crore, targeting machinery, debt repayment, and working capital. Lumino Industries seeks Rs 1,000 crore, with a focus on debt reduction, capital expenditure, and general purposes. These IPOs reflect a diverse range of industries entering the market.
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Jefferson Capital, backers aim to raise $170 million in US IPO
Economic Times
ยท
1m ago
Medial
Jefferson Capital, supported by private equity, plans to raise up to $170 million through an initial public offering (IPO) in the United States. This move involves some of its existing shareholders as the debt buyer seeks to expand its financial footprint. The article highlights trending topics in tech and finance while providing insights into various financial strategies and market changes.
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