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Key takeaways from AP's look at the emerging wave of sports construction in the US

A new round of stadium construction is underway for professional sports teams across the U.S., and taxpayers will be helping to pay the multi-billion-dollar tab. This year alone, The Associated Press tallied about a dozen stadium projects that were unveiled or already underway for Major League Baseball and National Football League franchises. As 2023 began, work already was underway on multi-year stadium renovations for the New Orleans Saints football team and Toronto Blue Jays baseball team. ....

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public bonds: IIFL Samasta aims to raise Rs 1,000 crore in public bonds

IIFL Finance, which holds 99% in the microfinance lender, has decided to infuse Rs 200 crore by way of rights issue of 7.5 crore fully paid up equity shares of face value of Rs 10 each at a premium of Rs 16.74 per share. It acquired Samasta in 2017. In the first half of FY24, the NBFC-MFI raised Rs 5,239 crore of debt with about 60% as term loans and another 20% from privately placed bonds. ....

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