SBI plans to raise Rs 20,000 cr via long-term bonds in FY25

VSBI to raise ₹20,000 crore long-term bonds this fiscal via public or private placement.

Economic Times 

Axis Group ups stake in Max Life Insurance to 19.99%

Axis entities, including Axis Bank, Axis Capital, and Axis Securities, increase stake in Max Life Insurance to 19.99% from 19.02% with ₹336 crore acquisition, pending regulatory approval; Max Life's FY24 gross premium income stands at ₹29,529 crore.

Economic Times 

WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 cr

WestBridge Capital, through its affiliate Westbridge AIF I, sold shares of the Jaipur-based AU Small Finance Bank through a bulk deal on the National Stock Exchange

Business Standard 

Cabinet Greenlights Rs 2,869.65-Crore Funding For Airport In Varanasi

The cabinet also approved the development of a new terminal building, apron extension, runway extension, parallel taxi track and other allied works at the airport.

Bloomberg Quint 

Bank of Maharashtra eyes tier-II bond sale worth Rs 1,000 crore

The state-owned lender looks to garner long-term funds at a time when credit growth is stronger than deposit growth.

Economic Times 

AGS Transact to raise Rs 200 crore to expand operations

In an exchange filing the company had said that its board of directors had approved fund raise by way of preferential warrants to Promoter and Promoter Group along with Non-Promoters at a price of Rs. 79.25 per share.

Economic Times 

Shivalik Small Finance Bank raises ₹100 crore

Shivalik Small Finance Bank raises ₹100 crore

The Hindu Business 

Two FPIs Likely To Sell PNB Housing Finance Shares Worth Rs 834 Crore

Asia Opportunities V (Mauritius) Ltd. and General Atlantic Singapore Fund FII Pte will sell about 5.4 million shares each on Thursday.

Bloomberg Quint 

NHAI plans to offer 15 projects worth Rs 44,000 cr under BOT mode in FY25

In BOT projects, private investors take the financing, building and operating a highway project over a concession period of 20-30 years

Business Standard 

ZF Group Sells 7.5% Stake In Indian Subsidiary To Boost Liquidity

The divestment of 14,25,000 shares aims to boost liquidity and financial flexibility for future growth initiatives.

Bloomberg Quint 

Axis Bank buys additional stake in Max Life Insurance for Rs 336 crore

Shares of the bank, India's fifth largest by market capitalisation, jumped as much as 2.2% after the news. The stock was among the top gainers on the Nifty 50 index

Business Standard