The Board of Directors of Reliance Infrastructure on Sunday approved raising of funds up to Rs 550.56 crore from its promoter, the Anil Ambani group and from Varde Investment. The company said it will make a preferential allotment of up to 88.8 million equity shares and / or warrants convertible into equivalent number of shares, […]
Day: June 7, 2021
SIDBI invites bids from consultants to help set up Rs 20,000 cr NaBFID
SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up Rs 20,000 crore DFI called National Bank for Financing Infrastructure and Development (NaBFID) to catalyse investment in fund-starved infrastructure sector. Parliament in March cleared National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to […]
Suraksha Group seeks more time to submit final bid for Jaypee Infratech
Suraksha Group has sought at least seven days’ extension to submit an “improved revised” bid to acquire debt-laden Jaypee Infratech Ltd (JIL) through insolvency as it is exploring ways to sweeten its offer for both homebuyers and lenders. The Mumbai-based firm, which is pitted against NBCC to acquire JIL, did not submit its resolution plan […]