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News on Medial
NHAI eyes two firsts to raise ₹60,000 crore this fiscal
Livemint
·
1m ago
Medial
The National Highways Authority of India (NHAI) plans to raise ₹20,000 crore through two phases of its infrastructure investment trust (InvIT) in FY26. Additionally, it intends to auction completed highway stretches to private InvITs, aiming to generate up to ₹60,000 crore throughout the year. This initiative follows the success of past offerings, with NHAI previously raising ₹43,638 crore since launching the highway InvIT programme in 2020.
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Shanti Gold eyes Rs 360-cr via IPO; issue to open on Jul 25
Economic Times
·
10d ago
Medial
Shanti Gold International plans to raise Rs 360 crore through an IPO, with a price band set at Rs 189-199 per share. The proceeds from this fresh issue of shares will fund a Jaipur facility, working capital needs, debt repayment, and general corporate purposes. The public subscription opens on July 25 and closes on July 29. Shanti Gold reported a 55.52% revenue increase to Rs 1,106.41 crore in fiscal 2025, with profits also rising.
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BharatPe firmly on profitability track, eyes $100 million round - The Economic Times
Economic Times
·
1d ago
Medial
BharatPe is targeting its first annual profit this fiscal year, having turned around from past controversies and legal issues. The fintech firm increased revenue and controlled expenses, leading to monthly profit before tax of Rs 8-10 crore. With profitability in sight, BharatPe plans to raise $80-100 million and aims for a public listing. The company continues to expand its lending and payments business, bolstered by partnerships and strategic hires, positioning itself against rivals like Paytm.
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Govt plans to buy back NHAI bonds worth Rs 50,000 - 70,000 crore to pare co’s debt
Money Control
·
10m ago
Medial
The Indian government is in discussions with long-term bondholders of the National Highways Authority of India (NHAI) for the prepayment of three NHAI bonds. This move is part of the government's plans to reduce NHAI's debt from around Rs 3.35 lakh crore to Rs 1 lakh crore. The Ministry of Road Transport and Highways is looking to spend around Rs 50,000 to Rs 70,000 crore for the buyback. The funds will be used to strengthen the highway network and reduce interest payments. Additionally, the government aims to attract private investments in the road and highway sector through PPP projects.
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Bhavish Aggarwal-Led Ola Electric Eyes New Fundraising Round After IPO
OutlookIndia
·
2m ago
Medial
Ola Electric, led by Bhavish Aggarwal, is considering a new fundraising round as its stock and market cap decline. The board meeting on May 22 will discuss raising funds through non-convertible debentures or similar instruments. This would be Ola Electric's first capital raise since their IPO. Recently, they approved a Rs 199 crore capital infusion into Ola Cell Technologies. The company is also facing regulatory scrutiny for alleged deficiencies in their electric two-wheelers.
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NimbusPost claims Rs 116 Cr revenue in FY23, Rs 350 Cr ARR
Entrackr
·
1y ago
Medial
NimbusPost, a SaaS-focused logistics aggregation firm, has reported a revenue of Rs 116 crore in the fiscal year ending March 2023, representing a two-fold growth compared to the previous fiscal year. The company offers software-based logistics and shipping solutions to direct-to-consumer brands and businesses, and claims to have achieved a revenue run rate of Rs 300 crore per month with the aim of reaching Rs 500 crore by the current financial year. NimbusPost raised $3 million in funding from XpressBess and plans to raise $20 million in the current fiscal year.
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Beverage company Lahori eyes Rs 400 crore taking valuation up 3x to Rs 2,700 crore
Economic Times
·
9m ago
Medial
Chandigarh-based beverage maker Lahori is in talks with multiple investors to raise a Rs 400 crore funding round, which could increase the company's valuation threefold to around Rs 2,600-2,700 crore. The funds will be used to expand the manufacturing capacity and scale up the business. The company, known for its carbonated non-alcoholic drinks in local flavors, is also planning to partially offload the stake of its first institutional investor, Verlinvest. Lahori aims to increase its revenue from Rs 312 crore in the last fiscal year to Rs 500 crore in the current financial year.
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Logistics firm Shadowfax eyes $50 million, doubling value to $700 million
Economic Times
·
9m ago
Medial
Bengaluru-based logistics startup Shadowfax is in the final stages of raising Rs 350-400 crore (approximately $45-50 million) in funding, which could double its valuation to around Rs 5,500-6,000 crore ($700 million). This round is expected to be the company's last before its IPO. Shadowfax specializes in quick-commerce and same-day ecommerce deliveries, with plans to expand its operations in the quick-commerce sector, dark store operations, and same-day delivery. In the fiscal year 2024, the company generated operating revenue of Rs 1,900 crore, projected to increase to around Rs 2,500 crore in fiscal year 2025.
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IGREL Renewables eyes fresh ₹300 crore equity fundraise next fiscal
Livemint
·
10m ago
Medial
IGREL Renewables, a renewable energy platform under INOXGFL Group, is planning to raise fresh equity of around ₹300 crore in 2025-26 as part of its ₹12,000 crore capex strategy to build 2 GW of renewable energy capacity in the next two years. The platform aims to meet the group's captive requirements, as well as supply power to commerce and industry clients. Solar power will make up half of the capacity, while wind power plants will supply the other half. Last week, IGREL Renewables raised ₹300 crore through an equity round to support its growth plans.
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Grapevine: ITC, Aditya Birla Group, NHAI InvIT, Morarjee Textiles in news
VCCircle
·
5m ago
Medial
ITC Ltd is reportedly ahead in acquiring a paper and pulp manufacturer from the Aditya Birla Group. Meanwhile, three parties are interested in acquiring the bankrupt Morarjee Textiles Ltd. Additionally, the infrastructure investment trust (InvIT) backed by the National Highways Authority of India (NHAI) aims to raise new capital.
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IPO-bound MobiKwik to raise INR 10 Cr term loan from CredAble
Inc42
·
1y ago
Medial
IPO-bound MobiKwik plans to raise a term loan of INR 10 crore from Equentia Financial Service Private Limited for its working capital needs. This comes after the fintech startup filed its draft red herring prospectus (DRHP) with SEBI to raise up to INR 700 crore through its initial public offering. MobiKwik achieved a net profit of INR 9.5 crore in the first half of the fiscal year, with operating revenue of INR 381 crore. The company has reduced its IPO size by 63% from the initial target of INR 1,900 crore.
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