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News on Medial
Jakson Group plans to raise $500 mn for boosting ops
Livemint
·
1y ago
Medial
Energy and infrastructure solutions firm Jakson Group aims to raise around $500 million through a series of equity fundraising rounds beginning in the next fiscal year. The company plans to invest in various sectors related to the energy transition, including solar module manufacturing, green power generation, green hydrogen, biofuels, and battery energy storage systems. Jakson Group plans to raise both equity and debt for these investments and expects to raise a portion of the funds by Q3 2024, with the remainder to be raised in the following one or two years.
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Jakson Green to raise $476 mn for renewables capacity expansion
VCCircle
·
10m ago
Medial
- Jakson Green is raising $476 million to expand its renewable energy capacity in India. - The company plans to add 1 gigawatt of renewable energy capacity by early 2026. - The investment breakdown for the capacity expansion will be 75% debt and 25% equity. - Jakson Green is in advanced talks with green energy funds and aims to close the fundraising by November. - The company has also won over 1 gigawatt of renewable energy projects from the Indian government.
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SaaS Unicorn Fractal Eyes $500 Mn IPO, To File DRHP By November
Inc42
·
10m ago
Medial
Fractal, a company offering AI and advanced analytics solutions to Fortune 100 companies, plans to raise $500 million through its IPO at a minimum valuation of $3.5 billion. The IPO is expected to take place in Q1 2025 and will likely involve a combination of fresh equity shares and offer for sale.
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Revfin raises $11 Mn in Series B round led by Omdiyar
Entrackr
·
1y ago
Medial
Revfin, an electric vehicle financing startup, has raised $11 million (Rs 92.3 crore) in its Series B round led by Omidyar Network. This investment comes after Omidyar Network announced its exit from the Indian market. Revfin plans to raise up to Rs 500 crore ($60 million) in the next year for its expansion plans. The company provides loans for electric two-wheelers, three-wheelers, and small fleets. Despite its revenue growth, Revfin has yet to reach profitability.
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Axis Bank taps overseas investor to raise $500 mn
VCCircle
·
6m ago
Medial
Axis Bank, India's fourth-largest lender, plans to raise $500 million from a major global financial entity to expand its green energy portfolio and increase loans for water supply projects. The move aims to bolster Axis Bank's sustainable investment initiatives, leveraging funds from a prominent overseas investor. The bank already has notable investors like Singapore's sovereign wealth fund, GIC, and this fundraising aligns with its strategic growth and investment vision in eco-friendly sectors.
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Matrix Gas & Renewables aims to raise up to $143 mn in IPO
VCCircle
·
10m ago
Medial
- Matrix Gas & Renewables, a unit of Gensol Group, aims to raise $119-$143 million through an IPO. - The company plans to file for its IPO next year, taking advantage of the booming Indian IPO market. - Matrix Gas & Renewables aims to develop 1,000 megawatts of green hydrogen projects in the next three years. - The company plans to raise capital expenditure of 35 billion rupees through a mix of 70% debt and 30% equity. - Over 250 Indian companies have already raised more than $9 billion through IPOs in 2023, surpassing last year's total.
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Zelestra looks to sell India biz for $400-500 mn
Livemint
·
23d ago
Medial
Zelestra, a multinational energy firm, plans to sell its India business for $400-500 million to reduce debt, capitalizing on high local market valuations. The company’s Indian assets include hybrid projects with solar, wind, and battery storage. Zelestra has reached out to potential buyers like Brookfield, JSW Group, Sembcorp, Serentica, and Macquarie. JP Morgan is assisting the EQT-backed firm in the sale process, with formal proceedings expected to commence shortly.
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Aditya Birla Fashion to raise $500 mn ahead of Madura Fashion demerger
VCCircle
·
6m ago
Medial
Aditya Birla Fashion and Retail Ltd plans to raise $500 million through preference shares and qualified institutional placement ahead of demerging Madura Fashion. The board approved a $275 million preference share issue and a $225 million QIP. Promoters and Fidelity Investments will contribute. This capital will help reduce debt and support growth strategies. The demerger aims to create Aditya Birla Lifestyle Brands Ltd, enhancing operational independence for better growth. The process is expected to complete by this fiscal year's end.
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Ola Krutrim, Wow! Momo, Dream Sports, Cricbuzz in news
VCCircle
·
3m ago
Medial
Bhavish Aggarwal, the founder of Ola Krutrim, is reportedly seeking to raise up to $300 million for his AI venture, revising previous plans to raise $500 million amid lukewarm investor interest. Goldman Sachs, JP Morgan, and SBI Capital Markets are assisting in this fundraising endeavor.
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Sify’s Indian data-center unit plans $500 million IPO
Economic Times
·
2d ago
Medial
Sify Technologies Ltd.’s data-center unit, backed by Kotak Private Equity Group, plans to raise $500 million through an initial public offering (IPO) in India. The offering will include new and existing shares, potentially valuing the unit at around $3 billion. Sify, a pioneer in India's data-center sector, operates 14 data centers nationwide. The IPO will capitalize on the growing demand for data centers, spurred by artificial intelligence expansion, with India’s capacity set to increase significantly.
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Macquarie’s Blueleaf teams up with Jakson Green for $400-mn India solar venture
VCCircle
·
6m ago
Medial
Blueleaf Energy, owned by Macquarie Asset Management, partners with India’s Jakson Energy for a $400 million solar venture in Rajasthan, with a generation capacity of 1 GW. The joint initiative aims to develop over 5 GW of renewable energy in India by 2030. The project is slated for commissioning by 2025-26. Jakson Green has also secured credits for its operations and is expanding into biofuels, while Blueleaf pursues other renewable ventures in Asia.
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