Home 2015 August

Ultratech to raise up to Rs 9,000 crore

Ultratech Cement is in need of funds to repay the existing loan and capital expenditure. The company plans to raise Rs. 9000 crore through private placement.  The Aditya Birla Group’s Annual General Meeting is scheduled next month and the company seeks a nod from the shareholders. The company plans to offer subscription on private placements […]

JSW to raise Rs 4000 cr via QIP

JSW Steel has sought shareholders’ approval to raise Rs. 4,000 crore through qualified institutional placement. Proceeds of the issue will be used for capital expenditure and refinancing high-cost debt, besides meeting unlikely shortfall in unforeseen circumstances, the company said. It is in the interest of the company to raise long-term resources with convertible option to […]

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The Reform-Man Talks Real ReformsThe ministry has been relying on Finance Ministry for financial support, but the Railways has adequate funds for at least 5 years, said Railway Minister Suresh Prabhu. In an interaction with CT The national transporter is losing money due to lack of investment in scale of operations. He feels dedicated freight […]

Mahindra & Mahindra opens Rs 250-cr extended manufacturing unit in Telangana

The auto division of Mahindra & Mahindra has announced the inauguration of its extended automotive manufacturing facility in Zaheerabad in Telangana The plant was inaugurated by the state’s Chief Minister K Chandrasekhar Rao. The Rs 250-crore facility will be used to manufacture Mahindra’s new small commercial vehicle, P601, which is scheduled to be launched in […]

PEBS on expansion spree

Pennar Engineered Building Systems Ltd (PEBS)  to raise Rs.156 crore through an initial public offer to repay certain working capital facilities and expand design and engineering services. Government has taken various initiatives due to which pre-engineered buildings has huge potential in sectors like infrastructure, affordable housing, agriculture, industrial development, among others. PEBS plans to expand the […]

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