Bhageria Industries is expecting to incur capex of Rs 100 crore in next 3 years from internal accruals. Besides, the company received consent from MPCB for manufacturing of Sulphuric Acid & Derivatives and expected to be commissioned by October 2019. Engineering work has also been finalised. Bhageria Industries was established with an objective to serve … Read more
Tejas Networks has received a purchase order of Rs 111 crore for Indian Navy’s country wide next generation digital communications network from Sterlite Technologies, a global data network solutions company. As a part of this order, the company will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet switches, for this pan-India network. … Read more
Den Networks has received an approval for raising of funds up to Rs Rs 2045 crore by way of creating, offering, issuing and allotting, in one or more tranches (Proposed Preferential Allotment) 28,14,48,000 equity shares of face value Rs 10 each of the company at an issue price of Rs 72.66 per equity share on … Read more
GNA Axles’ board has approved the proposal to avail a term loan of Rs 60 crore for purchase of machinery from Central Bank of India. The Legal, Banking and Finance Committee of the Board of Directors of the company, in its meeting held on October 16, 2018 has considered and approved the same. GNA Axles … Read more
State Bank of India (SBI) is planning for raising up to Rs 5,000 crore through issue of Basel III compliant Tier 2 bonds in USD/INR to overseas and/or Indian investors during FY19, through a public offer / private placement. The meeting of the Central Board of the Bank is scheduled to be held on October … Read more
IIFL Holdings’ subsidiary — IIFL Home Finance has raised Rs 1,000 crore from National Housing Bank (NHB) and another $50 million from State Bank of India through External Commercial Borrowing (ECB) route. IIFL Home Finance is one of the first borrowers under the Reserve Bank of India’s revised norms for ECB through automatic route. IIFL … Read more
Satin Creditcare Network is planning to issue Non-Convertible Debentures (NCDs) up to the amount of Rs 40 crore through Private Placement. The meeting of Working Committee of the Board of Director of the company is scheduled to be held on October 18, 2018, to consider the same. Satin Creditcare Network is one of the largest … Read more
