Utkarsh Small Finance Bank garners Rs 240 cr via private placement of equity shares
Kotak Mahindra Capital Company acted as financial advisor to the bank for the private placement round.
Kotak Mahindra Capital Company acted as financial advisor to the bank for the private placement round.
Prior to this, overseas investors had invested Rs 23,663 crore in February and Rs 14,649 crore in January, on a net basis.
The university in Haryana’s Sonipat became the centre of a controversy earlier this week, when Mehta, who had resigned as its vice chancellor two years back, chose to step down as professor, saying that the founders made it “abundantly clear” that his association with the institution was a “political liability”.
The project is located in Telangana and was commissioned in October 2017 and has a long-term Power Purchase Agreement (PPA) with the Southern Power Distribution Company of Telangana.
The lender’s digital lending platform – Yono (You Only Need One App) – has achieved significant growth during the current financial year.
The scheme comes with a 2 per cent interest subvention and is a five-year tenor of which the first year gets a payment moratorium.
NSDL provides infrastructure that handles most of the securities held and settled in dematerialised form in the Indian capital market.
Rajya Sabha Chairman and Vice President M Venkaiah Naidu remarked that the suggestion is “worth considering”.
Aditya Birla Sun Life AMC Ltd is JV between the Aditya Birla Group and the Sun Life Financial Inc. of Canada.
The research comes as the company defines its future strategy: a sustainability-rich reimagination of modern luxury.
