Ritesh Agarwal Plans to Increase Stake in OYO with Fresh Rs 550 Crore Investment
Ritesh Agarwal, the founder and CEO of OYO, is set to increase his stake in the hospitality giant. According to recent reports, Agarwal is planning to buy Rs 550 crore worth of shares in OYO, which will raise his stake from 30% to 32% in the company.
This move is part of a broader strategy to strengthen his control…
In a bold move to strengthen its financial position and repay outstanding debt, Zoomcar, the NASDAQ-listed self-drive car-sharing marketplace, has announced a $9.15 million private placement deal with institutional investors. With the sale of units priced at $4.28 each, the company is positioning itself for growth, addressing its debt obligations, and increasing working capital. But what does this…
Moneyview Raises $30 Million in Debt to Fuel Future Growth
Moneyview, the Bengaluru-based lending platform, is set to raise Rs 250 crore (approximately $30 million) through a private debt placement, marking its first major debt round in three years. The company’s board has approved the issuance of non-convertible debentures (NCDs) to facilitate this funding, according to internal documents…
Unimech Aerospace and Manufacturing Ltd, based in Bengaluru, has submitted draft papers to the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) valued at ₹500 crore. The IPO will consist of a fresh equity share issue of ₹250 crore and an offer for sale (OFS) of up to ₹250 crore by the promoter and the promoter group, as outlined in the draft red herring…
On Tuesday, Zee Entertainment Enterprises Limited (ZEEL) announced that its Securities Issue and Allotment Committee has approved the allotment of foreign currency convertible bonds (FCCBs) worth $239 million. This move aims to raise significant capital through private placement.
In a regulatory filing, ZEEL revealed that the FCCBs, totaling approximately ₹2,000 crore, will mature in 10 years.
