The capital raising committee of the bank met earlier today and decided to raise Rs 5,000 crore through tier-II bonds and Rs 10,000 crore through infrastructure bonds, Bank of Baroda said in an exchange filing
India’s No. 1 bank said this is its first Tier II bonds in the current fiscal year. They form part of the bank’s Tier II capital which comprises certain reserves and certain types of subordinated debt
Muthoot Microfin plans to raise Rs 350 cr via share sale
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Last Updated: Apr 25, 2021, 03:44 PM IST
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Muthoot Microfin is planning to raise Rs 350 crore by selling shares during the current year, to fund business growth. Besides, the microfinance arm of Muthoot Pappachan Group is also looking to raise Rs 100 crore from Tier-II bonds.
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NEW DELHI: Muthoot Microfin is planning to raise Rs 350 crore by selling shares during the current year, to fund business growth. Besides, the microfinance arm of Muthoot Pappachan Group is also looking to raise Rs 100 crore from Tier-II bonds. We are looking to garner USD 50 million or about Rs 350 crore equity capital to grow and build balacesheet of the company, Muthoot Microfin Chief Executive Officer Sadaf Sayeed told .