🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Japan's SMFG infuses $350 mn into Indian NBFC arm via rights issue

VCCircle

VCCircle · 7m ago

Japan's SMFG infuses $350 mn into Indian NBFC arm via rights issue

Sumitomo Mitsui Financial Group (SMFG) has invested $350 million in its Indian NBFC arm, SMFG India Credit, through a rights issue. This follows a previous infusion of $165 million in April this year. The capital infusion will help SMFG India Credit expand its operations and offer innovative financial solutions to its diverse customer base. SMFG acquired a 74.9% stake in SMFG India Credit (formerly Fullerton India Credit) in 2021 and plans to eventually acquire the remaining 25.1% stake. The company offers various lending services such as working capital loans, vehicle loans, home improvement loans, and personal loans.

Related News

BlackSoil NBFC raises $12 mn from rights issue to family offices

VCCircle

VCCircle · 1y ago

BlackSoil NBFC raises $12 mn from rights issue to family offices

BlackSoil NBFC, the non-banking arm of BlackSoil, has raised Rs 100 crore ($12.1 million) through a rights issue from its Indian investors and family offices. The funds will be used to enhance BlackSoil NBFC's credit profile and borrowing capacity as they venture into new business verticals and sectors. BlackSoil NBFC is a leading player in the alternative credit space, and their portfolio includes companies like Oyo, Yatra, and Udaan. Since its inception, BlackSoil NBFC has disbursed over Rs 5,000 crore and has raised Rs 250 crore in equity.

Aditya Birla Capital infuses ₹750 crore into Aditya Birla Finance Limited

Livemint

Livemint · 1y ago

Aditya Birla Capital infuses ₹750 crore into Aditya Birla Finance Limited

Aditya Birla Capital has invested ₹750 crore in its subsidiary, Aditya Birla Finance, through a rights issue. The investment aims to support the subsidiary's growth, funding requirements, and leverage ratio improvement. Aditya Birla Finance also plans to raise up to ₹2,000 crore through its maiden public issue of non-convertible debentures (NCDs). At least 75% of the net proceeds from the NCD issue will be used for lending, financing, and repayment of existing borrowings, while the remaining 25% will be allocated for general corporate purposes.

Foxconn infuses Rs 1,200 crore in Karnataka unit

Economic Times

Economic Times · 11m ago

Foxconn infuses Rs 1,200 crore in Karnataka unit

Foxconn has invested Rs 1,200 crore (USD 144 million) into its Karnataka-based subsidiary, Foxconn Hon Hai Technology India Mega Development Pvt Ltd. The investment was made through Foxconn's Singapore-based arm, which purchased over 120.35 crore stocks of the Indian subsidiary. Foxconn is also planning to invest Rs 25,000 crore to establish a large manufacturing plant in Karnataka, creating 40,000 jobs. This plant will become the second-largest Foxconn facility after its unit in China. So far, Foxconn Singapore has invested over Rs 13,800 crore in the Karnataka unit.

Byju’s says $200 mn raise done, to appoint two investor directors

The Arc Web

The Arc Web · 1y ago

Byju’s says $200 mn raise done, to appoint two investor directors

Indian edtech giant Byju's has successfully raised $200 million through a rights issue. The funding will cover existing liabilities and provide growth capital for the company. In this funding round aimed at existing investors, Byju's adjusted its pre-money valuation to $20 million. As part of the rights issue, the company will appoint two non-executive directors to its board. This move comes as a consortium of investors seeks to remove founder Byju Raveendran and reconstitute the board, expressing concerns over leadership and stability. Raveendran emphasized the importance of unity and support for the rights issue.

Tata Group's non-bank lending arm Tata Capital to launch IPO

VCCircle

VCCircle · 5m ago

Tata Group's non-bank lending arm Tata Capital to launch IPO

Tata Capital, the non-bank lending arm of Tata Group, is set to launch an initial public offering (IPO) with 230 million new shares, allowing current shareholders to exit via an offer for sale. As per central bank norms, Tata Capital, a major financial services provider established in 2007, needed to list by September. Tata Sons holds a 92.8% stake in the company, which also approved a 15.04 billion rupees rights issue recently.

Ambit Group's NBFC arm raises $82 mn in round led by Daiwa Securities

VCCircle

VCCircle · 1y ago

Ambit Group's NBFC arm raises $82 mn in round led by Daiwa Securities

Lending platform Ambit Finvest Pvt. Ltd, the NBFC arm of Ambit Group, has raised $82 million in a round led by Daiwa Securities Group. The company plans to use the funds to further grow its non-banking finance business and contribute to financial inclusion in India. The partnership between Ambit and Daiwa aims to seize opportunities in the expanding Indian NBFC sector and leverage the Indo-Japan corridor. Ambit Finvest provides secured and unsecured loans to small and medium-sized enterprises in India and has been investing in branch infrastructure and technology.

NIIF Infuses $200 Mn In Digital Infra Solutions Company iBUS

Inc42 · 1y ago

NIIF Infuses $200 Mn In Digital Infra Solutions Company iBUS

Indian digital infrastructure solutions company, iBUS, has raised $200 million in strategic funding from the National Investment and Infrastructure Fund (NIIF). The funding will be used to fuel organic and inorganic growth initiatives, as well as to build new infrastructure solutions to meet market demands and expand into emerging technologies. iBUS, founded in 2013, builds digital infrastructure solutions and provides cellular and Wi-Fi connectivity for IT parks, airports, hospitals, and more. NIIF will hold a significant majority stake in iBUS following the completion of the deal.

Byju’s $200 mn ‘cram-down’ round forces investors’ hand

The Arc Web

The Arc Web · 1y ago

Byju’s $200 mn ‘cram-down’ round forces investors’ hand

Byju’s, a prominent edtech firm under Think & Learn, plans to raise $200 million via a rights issue by significantly reducing its valuation to $20 million, a considerable drop. Existing investors are targeted for this round. Despite the reduced valuation, the company aims to reach a post-round valuation of $220 million, marking a substantial 99% dilution. This strategy underscores the company's efforts to secure necessary funds amid changing market dynamics.

BlackSoil NBFC raises $12M in equity capital from existing backers

IndianStartupNews

IndianStartupNews · 1y ago

BlackSoil NBFC raises $12M in equity capital from existing backers

BlackSoil NBFC, a subsidiary of BlackSoil Group, has raised Rs 100 crore ($12 million) through a rights issue from existing Indian investors and family offices. The funding will boost the company's credit profile, enabling it to increase borrowing capabilities and drive growth. This marks the fourth investment in BlackSoil NBFC, bringing the total to over Rs 250 crore ($30 million). The firm is supported by well-known investors and family offices, including those associated with Allcargo Logistics and Navneet Education. BlackSoil provides alternative credit solutions to various sectors, including growth companies and NBFCs.

BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue

Inc42 · 1y ago

BYJU’S Gets $300 Mn Commitment In Ongoing Rights Issue

Parent company Think and Learn, which owns edtech giant BYJU'S, has secured a commitment of $300 million from investors for its ongoing rights issue. The rights issue aims to raise $200 million through equity rights, valuing BYJU'S at $220-250 million. Negotiations are taking place with unhappy investors to encourage their participation in the rights issue. BYJU'S also plans to appoint two independent directors to its board after finalizing its financial results for fiscal year 2023. The troubled edtech firm has faced losses, business model challenges, and conflicts with investors in recent years.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.