Zinc oxide manufacturer JG Chemicals has received capital markets regulator Sebi's go-ahead to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth up to Rs 202.50 crore and an offer-for-sale (OFS) of 57 lakh equity shares by its existing promoter group shareholders, according to its draft red [...]
Electronic manufacturing services firm Avalon Technologies on Tuesday said it has fixed a price band of Rs 415-436 a share for its Rs 865-crore initial public offering (IPO). The three-day initial share-sale would be open for public subscription during April 3-6 and the bidding for anchor investors will open on March 31, the company announced. [...]
Taiwan-based battery swapping firm Gogoro Inc on Tuesday said it has joined hands with Zomato and Kotak Mahindra Prime to promote fast adoption of electric mobility in the last-mile transportation segment. As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services. "The urban transformation [...]
A Kotak Mahindra Bank arm on Tuesday announced that it has raised USD 1.25 billion for its second special situations fund. The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the arm of the private sector lender, under which the fund comes, [...]
Honasa Consumer Ltd, which owns FMCG brands Mamaearth and The Derma Co, on Monday said it is still in conversation with Sebi on its preliminary IPO papers and awaiting approval from the capital markets regulator. The clarification comes after certain media reported that the company has put its initial public offering (IPO) on hold amid [...]
State-owned SJVN Ltd has secured Rs 915 crore 'GREEN' finance from Japan Bank for International Cooperation to fund its 90 MW Omkareshwar floating solar project in Madhya Pradesh and 100 MW Raghanesda solar project in Gujarat. "SJVN secured GREEN financing from Japan Bank for International Cooperation (JBIC) amounting to JPY 15 billion. (approx. INR 915 [...]
Capital markets regulator Sebi on Monday imposed a Rs 1 crore penalty on Mysore Amalgamated Coffee Estates for 'aiding and abetting' Coffee Day Enterprises in the diversion of funds to the tune of Rs 3,535 crore. The company was directed to pay the fine within 45 days, according to an order passed by the Securities [...]
Clean energy solutions provider Gentari on Monday said it has signed an agreement with Tata Motors for the delivery of 5,000 units of e-commercial vehicles. The memorandum of understanding (MoU) through its affiliate entity is for three years, Gentari said in a statement. "Gentari, through its affiliated entity Amplus Power Supply Private Limited, signed an [...]
Billionaire Gautam Adani's AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock exchange filing, Adani Enterprises Ltd said its subsidiary AMG Media Networks Ltd has completed the acquisition which was originally announced in [...]
The Department of Financial Services (DFS) had given Rs 8,800 crore to State Bank of India as part of recapitalisation exercise without the country's biggest lender asking for such funds in FY18, a CAG report presented in Parliament on Monday said. The department under the finance ministry did not conduct assessment of the capital requirement [...]
