Manappuram Finance has received an approval for equity infusion of up to Rs 100 crore in its wholly owned subsidiary (WOS) — Manappuram Home Finance (MAHOFIN). The Board of Directors of the company at their meeting held on November 06, 2018, approved the same. Manappuram Finance is a non-deposit taking NBFC and having a strong … Read more
Indian Bank has successfully raised further Rs 110 crore under Basel III Compliant Tier 2 Bonds on November 06, 2018, with a coupon rate of 8.85% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The rating agency, CRISIL assigned ‘AAA/Stable’ rating and CARE assigned ‘AAA’ rating … Read more
Manappuram Finance has received an approval for equity infusion of up to Rs 150 crore in its subsidiary Asirvad Micro Finance. The Board of Directors of the company at their meeting held on November 06, 2018, approved the same. Manappuram Finance is a non-deposit taking NBFC and having a strong presence in South India in … Read more
GAIL (India) has awarded contract for the purchase of 616 km of line pipe worth Rs 1,100 crore for the Barauni – Guwahati pipeline, putting on fast track execution of the project of the 729 km feeder line linking North East India with the Pradhan Mantri Urja Ganga pipeline network. The award of the contract … Read more
RPP Infra Projects has bagged order from Government of Jharkhand (Drinking Water & Sanitation Department) for worth of Rs 52.7 crore. RPP Infra Projects is one of the India’s leading and fast growing Non Metro/Rural based company located at Tamil Nadu and engaged in the business of infrastructure development such as highways, roads, bridges, civil … Read more
Allahabad Bank has received a communication from the Government of India, Ministry of Finance, Department of Financial Services regarding fresh capital infusion of Rs 3054 crore towards contribution of the Central Government in the preferential allotment of equity shares (Special Securities/Bonds) of the Bank during the financial year 2018-19, as Government’s investment. Allahabad Bank is … Read more
Maruti Infrastructure has been awarded the tender for construction of 973 EWS Residential including internal infrastructure & development work as approved by Standing Committee, Ahmedabad Municipal Corporation, Ahmedabad, Gujarat. The tender project cost is Rs 45.68 crore. Maruti Infrastructure is presently engaged in the business of construction and estate development activities. Bhupendra Singh ChundawatBhupendra Singh … Read more
