Sebi expands permitted use of borrowings for highly leveraged InvITsThe changes, which have come into force with immediate effect, are aimed at providing greater flexibility to InvITs in managing funding req...
Blackstone-backed Bagmane Prime Office REIT files Rs 3,405-cr IPOBagmane Prime Office REIT, backed by Blackstone, is launching an Initial Public Offering to raise Rs 3,405 crore. This marks India's sixth ...
Coforge completes Encora acquisition; secures $550 million loan, drops QIP planCoforge has completed the acquisition of Silicon Valley-based AI firm Encora for an enterprise value of $2.5 billion. To fund the transacti...
Reliance Industries shares down over 15% from peak. Can Q4 results, Jio IPO turn things around?Reliance Industries Ltd is heading into a crucial Q4 earnings week after its stock fell 15% from its peak, erasing about Rs 3.37 lakh crore...
CreditAccess Grameen looks to scale down microfinance growth, says MD & CEO Ganesh NarayananCreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to becom...
Magnum Ice Cream Netherlands buys 61.9% stake in Kwality Wall’s IndiaKwality Walls India has a new owner. Magnum Ice Cream Company Holdco 1 Netherlands B.V. has bought a majority stake. This significant acqui...
Blackstone entity gets CCI approval to acquire 80% stake in Aadhar Housing FinanceAadhar Housing Finance Ltd is engaged in the provision of home loans/housing finance and loans against property in India. It is also regist...
Unilever's demerged ice cream entity to acquire 61.9 pc stake in Kwality Wall'sUnilever's Magnum HoldCo will acquire 61.9% of Kwality Wall's (India) Ltd following the demerger of Unilever's ice cream business. This acq...
Adani Green Energy repays $750 million bonds using cashAdani Green Energy has fully repaid its $750 million Holdco Notes, which were used to fund its expansion over the past three years. The com...
Airtel Africa’s Dutch hold-company completes $550 million bond repaymentDuring Airtel Africa’s IPO back in June 2019, the (Airtel Africa) Group had $2,719 million of external debt at the HoldCo level, which had ...
Adani Green announces redemption plan for $750 million Holdco bondAdani Green Energy Limited (AGEL) today announced the redemption plan for the USD 750 million due September 2024 (HoldcoNotes). The outstan...
Jana Small Finance Bank raises ₹1,200 crore to refinance holdco debtThe funds raised were used by the bank's holdcos to redeem non-convertible debentures (NCDs), along with accrued interest, that matured at ...
Tech Mahindra buys 2 South African JVs for Rs 30 croreTech Mahindra on Monday said it acquired entire stakes in its two South African joint ventures -- Tech Mahindra South (Pty) Limited and Tec...
Saudi Arabia's SABIC Agri-Nutrients plans to buy 49% of ETG Inputs HoldcoThe transaction is based on an enterprise value of $320 million, and subject to regulatory approvals and other terms and conditions, SABIC ...
Reliance Communications incorporates investment firm in Netherlands"We would like to inform you that Company has incorporated a wholly-owned subsidiary company 'Aircom Holdco BV' in the Netherlands," RCom s...
Finance Ministry plans a holding company to raise debt, equity for PSBsFinMin estimates these banks would need about Rs 1.25-1.5 lakh crore over the next five years to meet Basel III norms and fund future growt...
- Infra firms like HCC Ashoka Buildcon, Supreme Infrastructure take holding company route to fund projects
As fund-raising is difficult in the current scenario, infra firms are adopting ways such as equity infusion through stake sale at holdco.