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Piramal raises Rs.690 cr from Credit Suisse through NCDs

New Delhi, Sept. 16 -- Piramal Enterprises Ltd has raised Rs.690 crore in debt financing from Credit Suisse, according to regulatory filings. Separately, its financial services unit, Piramal Capital ... Read More


Altico misses interest payment, underlining stress in realty market

Mumbai, Sept. 14 -- Altico Capital India Ltd, a lender to real estate companies, said it has defaulted on interest payments worth Rs.19.9 crore due to Mashreq Bank of Dubai, highlighting the rising st... Read More


Real estate firm Altico Capital defaults on interest payment

Mumbai, Sept. 14 -- Altico Capital India Ltd, a lender to real estate companies, said it has defaulted on interest payments worth Rs.19.9 crore due to Mashreq Bank of Dubai, highlighting the rising st... Read More


CARE Ratings downgrades Altico Capital following default on interest payment

New Delhi, Sept. 13 -- Rating agency CARE Ratings on Friday downgraded real estate focused lender Altico Capital India Ltd, following the lenders default on an interest payment on Thursday. "Care has... Read More


suneeta Reddy divests 3.6% stake in apollo hospitals

Mumbai, Sept. 13 -- Apollo Hospitals Enterprise Ltd (AHEL) said its managing director, Suneeta Reddy, a member of the promoter family, has sold a 3.6% stake in the company to raise funds to trim promo... Read More


Real estate firm Altico Capital defaults on interest payment

Mumbai, Sept. 13 -- Altico Capital India Ltd, a lender to real estate companies, said it has defaulted on interest payments worth 19.9 crore due to Mashreq Bank of Dubai, highlighting the rising stres... Read More


Apollo Hospitals' Suneeta Reddy sells 3.6% stake in firm to reduce promoter-level debt

New Delhi, Sept. 12 -- Apollo Hospitals Enterprise Ltd (AHEL) said its managing director, Suneeta Reddy, a member of the promoter family, has sold a 3.6% stake in the company to raise funds to trim pr... Read More


Altico misses interest payment, underlining stress in realty market

New Delhi, Sept. 12 -- Altico Capital India Ltd, a lender to real estate companies, said it has defaulted on interest payments worth Rs.19.9 crore due to Mashreq Bank of Dubai, highlighting the rising... Read More


SBI launches OFS to sell stake in life insurance biz

New Delhi, Sept. 12 -- State Bank of India (SBI), India's largest lender, on Thursday launched a two-day offer for sale (OFS) to sell a 4.5% stake in SBI Life Insurance Co. Ltd. Stock exchange filing... Read More


Adani Transmission to raise up to $1 billion through bond sale

New Delhi, Sept. 12 -- Power transmission and distribution company Adani Transmission Ltd is looking to raise $750 million to $1 billion by selling overseas dollar-denominated bonds, said two people a... Read More