IDBI Bank to raise Rs 20K cr from bonds
New Delhi
IDBI Bank said on Tuesday it plans to raise Rs 20,000 crore from bonds in one or more tranches next fiscal to fund business growth. The funds would be raised in one or more tranches comprising senior or infrastructure bonds, Basel-III compliant tier-II or additional tier-I bonds by way of private placement or public issue in 2016-17, it said. PTI
New Delhi
Brezza clocks 20,000 bookings in two weeks
Maruti Suzuki India has received 20,000 bookings within the first fortnight of the launch of compact SUV Vitara Brezza while it will start delivering the new model to customers from Friday. Deliveries of Vitara Brezza will commence from March 25. TNS
New Delhi
JLL India, Snapdeal in pact to sell homes
Property consultant JLL India on Tuesday announced a tie-up with online marketplace Snapdeal to sell homes as it seeks to tap the growing e-commerce business in India. The partnership would be for the next two years, providing customers an end-to-end service spanning the entire home search and purchase process. PTI
New Delhi
ECL Finance invokes 7.05 lakh pledged UBL shares
Financial services firm ECL Finance has invoked 7.05 lakh shares worth about Rs 56.63 crore of embattled liquor baron Vijay Mallya-led United Breweries Ltd (UBL) pledged by UBL promoter group firm Kamsco Industries Pvt Ltd. PTI
New Delhi
SBI raises Rs 500 crore via issue of bonds
The country’s largest lender, SBI, on Tuesday said it has raised Rs 500 crore from issue of bonds on a private placement basis. The fund raised is part of SBI’s Rs 12,000-crore debt capital. PTI
