During the 12th Five-year Plan period (2012-17), Odisha government plans to commission Rs 5,000 crore worth PPP (public private partnership) projects. The state government has already operationalised 12 projects while nine are under various stages of construction. These are part of the 54 projects identified by the state government for implementation on the PPP mode
Tag: fund
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2012 sees fall in private equity investments
Data from Venture Intelligence shows that private equity (PE) players invested $8.9 billion over 406 deals in India during 2012 compared with $10.4 billion across 483 deals the previous year, which is a fall of 14.7 per cent. The decline in investment is attributed to delays in fund deployment by the PE firms. According to some indu
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Board of Punjab & Sind Bank clears Rs 10 bn capital plan
The board of directors of Punjab & Sind Bank passed an enabling resolution for the bank to raise up to Rs 1,000 crore capital through preferential allotment route. According to media reports, the bank may issue the preferential equity shares to the government during the current quarter. PK Anand, Executive Director of the bank said the capit
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Ministry seeks nod for Rs 120 bn capital infusion
DK Mittal, Secretary, Department of Financial Services (DFS) informed that the finance ministry has sought the formal approval of the cabinet for infusing a total of Rs 12,000 crore capital into various public sector banks (PSBs). The department has already firmed up the list of 12 banks that would get capital support. The funds are likely
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Sebi registers 12 more alternative investment funds
In the last two months, twelve companies received approval from the market regulator Securities and Exchange Board of India (Sebi) for setting up Alternative Investment Funds (AIFs). Since October 10, the market regulator registered 12 AIFs that include India Realty Fund, Dar Mentorcap Film
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NBFCs prefer raising funds via NCDs
Reports suggest that more and more companies are raising funds through non-convertible debentures (NCDs) in order to fund their expansion plan.
NCDs seem to be emerging as a preferred fund-raising option for companies, especially those from NBFC space, reports
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IFC may participate in Religare’s banking foray
Financial services firm Religare, which plans to apply for a new banking licence, may receive equity contribution from the International Finance Corporation (IFC), an arm of the World Bank. Reports suggest that IFC is willing to invest in ReligareĆās proposed banking entity. IFC
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HPCL to raise $350 mn via issue of bonds
Hindustan Petroleum Corporation (HPCL) plans to raise around $350 million this year through issue of bonds to overseas investors, reports suggest. While the company is working on raising $400 million in external commercial borrowings (ECB), it plans to raise another $350 million through issue of bonds to overseas investors. HPCL is reportedly securing ratings for the bond issue
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Ministry officials to discuss EPFO investment in IDF
Reports suggest that the officials of labour ministry and the finance ministry may soon discuss the issue of allowing EmployeesĆā Provident Fund Organisation to invest in infrastructure debt funds (IDF). Presently, EPFO is not allowed to invest a part of its Rs 5 lakh crore corpus in the IDF. It is learnt that the organisation, through the labour ministry, has already begu
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Srei Infra to launch $500 mn infra debt fund
Hemant Kanoria, Chairman and Managing Director of Srei Infrastructure Finance informed that the firm would raise $500 million through its infrastructure debt fund. Srei would deploy the funds on the sub sectors which provide good regulatory clarity like toll roads, power transmission etc. The company would launch the fund through the MF route