$10 Billion India fund chooses government bonds, shuns corporate debt as spreads become unattractive

DSP Investment Managers Pvt. is another fund manager to choose sovereign notes over Indian rupee-denominated corporate bonds, adding to strains on company finances when they need to build up buffers to deal with the economic fallout from the pandemic.
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Yes Bank’s Rs 15,000 crore FPO opens July 15; SBI readies another Rs 1,760 cr investment in lender

Cash-strapped private sector lender Yes Bank informed the stock exchanges on Thursday that it will raise Rs 15,000 crore through issuance of fresh equity shares in its further public offering.

Financial institutions that had picked up stakes in Yes Bank in March to prevent the Yes Bank from collapsing and, thereby, causing a systemic crisis, are unlikely to bring in more capital in the next round of capital-raising.

Modi’s Rs 21 lakh crore stimulus package may be working as riskier bond sales jump to 15-Month high

 Issuance of local-currency corporate notes graded A+ and lower rose to a 15-month high of 51.7 billion rupees ($683 million) in June.

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Shriram Transport Finance rights issue of Rs 1,500 cr gets nod; check price, discount, ratio, details

Shriram Transport Finance has approved raising up to Rs 1,500 crore via a rights issue of equity shares, weeks after S&P Global cut the non-banking finance company’s credit rating to ‘BB-’.

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REC’s Rs 1000-cr debenture issue opens today: Should HNIs invest in first such AAA-rated PSU issue?

REC’s Rs 1000-crore debenture issue will open today. The AAA-rated market-linked G-Sec benchmark paper on offer is the first such issue by a PSU firm.

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Axis Bank Board approves Rs 15,000 crore fundraising plan to shore up capital; stocks fall 3%

Private sector lender Axis Bank informed the stock exchanges that its Board of Directors, in a meeting convened on July 2, has approved a plan to raise Rs 15,000 crore worth of funds through various p

Info Edge share price rallies 87% in 3 months; soars 7% today after board OKs fundraising

With today's gain, Info Edge stock has rallied 87 per cent from its March low taking the market capitalisation of the company to Rs 35,892.33 crore

New IPO: Ksolves India public issue opens this week; check price band, lot size, date, other details

According to Ksolves India, the net proceeds from the fresh issue will be used to meet working capital requirement, general corporate purpose and to meet the issue expenses.

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LIC IPO process kick-starts; FinMin sets the ball rolling on mega disinvestment

Kicking-off preparation of the mega Life Insurance Corporation of India (LIC) initial public offering, the Finance Ministry today invited bids from consulting firms, investment bankers, and financial

In India, the Finance Ministry and the Reserve Bank have announced several measures to help Indian economy, including a welfare package for the poor and an effective rate cut of 100 basis points to boost demand.

Yes Bank mulls public issue of fresh shares; may raise Rs 8,000 cr via FPO in hunt for capital

Private-sector lender Yes Bank is planning to raise fresh capital through a follow-on public issue of shares. The move that could help the recently reconstructed lender gather more funds to tide throu

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SBI Life Insurance OFS begins today, State Bank of India to divest 2% stake, check floor price

India’s biggest public-sector lender, State Bank of India (SBI) has decided to reduce its stake in SBI Life Insurance Company by 2.10% through an Offer For Sale (OFS) beginning today

Anchor investors pick up stake in Antony Waste ahead of IPO

The IPO for Antony Waste Handling Cell is slated to open on Wednesday and will close on Friday as the waste management company proposes to raise up to Rs 206 crore.

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SBI Cards and Payment Services IPO opens, check these key risks before you subscribe

As credit cards business is highly competitive, there is no denying fact that SBI Cards faces competition in the credit card market from other credit card issuers

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SBI Cards IPO: Huge customer base, strong promoter backing; should you ‘subscribe’? Analysts explore

SBI Cards is the second-largest market player when it comes to credit cards. SBI is India’s largest commercial bank in terms of deposits, advances and number of branches as of September 30, 2019.

EaseMyTrip, Puranik Builders among 4 companies to get Sebi’s go-ahead for IPO

Construction firm Montecarlo and manufacturer of pharmaceutical chemicals Chemcon Speciality Chemicals are the other companies that obtained clearance from Sebi.

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Upcoming SBI group IPO is the talk of town as investors eye bumper listing gains

State Bank of India is set to launch SBI Cards IPO in February, planning to raise Rs 9,600 crore. A new segment of the financial industry would be available for investors post SBI Cards listing

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NSE-backed CAMS files papers with Sebi for Rs 1,500-1,600-crore IPO

The IPO will see sale of 1,21,64,400 equity shares through offer- for-sale by Great Terrain Investment, NSE Investments, Acsys Investments, HDFC and HDB Employees Welfare Trust, according to the draft

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IPOs’ value slump to 4-year low in 2019; govt’s reforms essential for better 2020

Financials and industrial sectors led the declines in IPO issues, with proceeds more than halving. India's NSE Nifty 50 index was down about 1.4% for the year on Sept. 19, a day before the announceme

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Mazagon Dock gets Sebi’s go-ahead to float IPO

The public sector undertaking had filed draft papers with the Securities and Exchange Board of India (Sebi) in August seeking its clearance to launch an IPO and obtained its "observations" on December

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Citi, Credit Suisse drop China’s Ucommune US IPO over valuation, say sources

Ucommune's latest filing with the U.S Securities and Exchange Commission lists Chinese banks Haitong International and China Renaissance as leading the planned IPO.

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Saudi Aramco starts trading, gaining 10 per cent and reaching $1.88 trillion

The state-owned oil giant started trading on the Saudi Tadawul stock exchange after a mammoth $25.6 billion initial public offering that set the record as the biggest ever in history. Trading for Aram

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CSB Bank IPO price band set at Rs 193-195, to raise Rs 410 crore

The offer involves a fresh issue of shares of face value Rs 10 each to raise up to Rs 24 crore, and an offer for sale (OFS) of 1.97 crore shares by existing investors through which it will sell Rs 385

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Alibaba sets eyes on $15 billion Hong Kong listing, says report

The share sale by Asia's biggest company would also come as Hong Kong authorities battle months of sometimes violent protests that have dented the financial hub's economy and reputation.

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Alibaba to resume Hong Kong listing plans as soon as November to raise $15 billion

Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year.

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