SEARCHED FOR:CAPITAL INFUSION
Steadview Capital invests Rs 67 crore more in Nykaa
The capital infusion comes at a time when risk capital investment activity has almost ground to a halt because of the spread of the Covid-19 pandemic, which, in turn, has forced vertical ecommerce companies such as Nykaa to conserve cash, given the steep plunge in discretionary spending by consumers.
Bank recapitalisation: Govt to infuse Rs 48,239 cr in 12 PSU banks
The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in ...
TVS, special situation funds in talks to infuse Rs 500 crore in CG Power
The board of CG Power and Industrial Solutions removed its founder c...
Depositors staying put is now key to India’s biggest bank rescue
Yes Bank’s recent “deposit flight” is a cause for concern, according to Fitch Ratings.
LIC, govt to infuse over Rs 9,000 crore into IDBI Bank
The fund infusion exercise will help raise the capital adequacy ratio of the lender.
YES Bank okays board reconstitution; Prashant Kumar to be new MD & CEO
The other board members will be Sunil Mehta, former non-executive chairman of Punjab National Bank, as the non executive chairman of Yes Bank, Mahesh Krishnamurthy and Atul Bheda as non-executive directors.
Crisis-hit Yes Bank faces tough challenges as it limps towards normalcy
The RBI's worry stems from the fact that the flight of deposits had started before the moratorium was imposed.
IHH infusion into Fortis dubious, clandestine: SC
The Supreme Court has termed IHH Healthcare's decision to infuse Rs 4,600 crore into Fortis Healthcare to buy back hospital assets from Religare Health Trust as very “dubious and clandestine manner, without full facts being brought on record.” Malvinder and Shivinder Singh, former promoters of Fortis, were the biggest unit holders of IHH Healthcare.
Government mulls additional Rs 30,000 crore capital infusion in PSU banks
The government had decided to take a massive step to capitalise PSBs in a front-loaded manner, with a view to support credit growth.
Federal Bank to invest Rs 300 crore in Yes Bank
According statement this equity commitment is pursuant to the scheme of reconstruction of Yes Bank proposed by the Reserve Bank of lndia and subject to regulatory approvals and other conditions as set out in the Letter. The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.
Yes Bank’s potential foreign investors seek tax immunity
While tax demands can be challenged in the court, no investor would want that uncertainty.
Vodafone Idea promoters may infuse $1.5 billion in telco if AGR dues are cut
A combination of reduced AGR dues and easier repayment terms on the back of recent tariff hikes, brokerage CLSA said, could send growth revival signals and encourage VIL’s promoters to reassess their stance of ‘no equity infusion’ to bolster the struggling telco’s financial position for competing more effectively with Bharti Airtel and Reliance Jio Infocomm.
Union Cabinet approves Yes Bank reconstruction plan
While announcing it, Finance Minister Nirmala Sitharaman said that the scheme's aim is to safeguard depositors and ensure the stability of the financial system. She also said that SBI will have a lock-in period of three years for only 26% of its stake in Yes Bank. For other likely investors, the lock-in period would be 75 per cent till three years.
HDFC to hold 7.97% stake in YES Bank after Rs 1,000 crore infusion
As much as 75 per cent of the total investment by HDFC would be locked in for 3 years.
Expect market to correct significantly around June-end: Inditrade Capital
Expecting a decent set of numbers from Reliance, says Group Chairman Sudip Bandyopadhyay.