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C2FO s TReDS platform goes live with SBI, Dabur India as first participants

This follows the recent approval received by C2FO s wholly-owned subsidiary, C2FO Factoring Solutions Private, from the Reserve Bank of India, to operationalise the TReDS platform, the company said in a release. TReDS, an initiative introduced by the Reserve Bank of India (RBI) and backed by the Ministry of Micro, Small & Medium Enterprises (MSME), addresses the liquidity & working capital challenges faced by MSMEs.

MyCredit closes Sh450m deal to support private schools

Steel industry body ISA inks pact with GeM to help MSMEs in supply and procurement, ET Auto

The main objective of this collaboration is to support Micro, Small, and Medium Enterprises (MSMEs) in supplying their products as well as make procurement through the online platform, ISA Secretary General Alok Sahay said.

MSME loan: Banks told to look into MSME loan rejections

The government has asked lenders to look at their credit disbursal practises for micro, small and medium enterprises (MSMEs) following complaints of high rate of rejection of their loan applications. A government official said the banks need to respond within a month.

Ajooni Biotech Ltd s Rs 29 01 crores Rights Issue opens for subscription on December 7

Mumbai (Maharashtra) [India], December 6 (ANI/PNN): Ajooni Biotech Ltd (NSE - AJOONI) - One of the leading companies in the animal healthcare solutions and animal feed supplements is schedule to open its Rs 29.01 crore rights issue on December 7, 2022. The funds raised through the issue will be utilised to meet the working capital requirements to fund company's expansion plans, entering new geographies and for general corporate purposes. Right issue of the company are offered at a price of Rs. 6 per share - 30 per cent discount to closing share price on December 6, 2022. Rights Issue closes on December 15, 2022. The Company will issue 4,83,60,313 fully paid-up Equity Shares of the face value of Rs. 2 each for cash at a price of Rs. 6 per Equity Share (including a premium of Rs. 4 per Equity Share) aggregating to Rs. 29.01 crore. The Rights entitlement ratio for the proposed issue is fixed at 29:30 (29 equity shares of face value of Rs. 2 each for every 30 equity shares of Rs. 2 eac

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