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Capital Infusion News

SpiceJet's Board Greenlights Rs 2,250 Crore Capital Raise Along With Allotment Of Shares

SpiceJet has received approval from the airline's board for a capital infusion plan aimed at revitalizing its grounded fleet and charting a course for future growth. As of Thursday's trade, SpiceJet's shares witnessed a 4% surge at open after the approval ...

Punjab National Bank Board Greenlights Rs 7,500 Crore Capital Boost, Shares Rise

On Thursday, December 28, the Board of Directors of Punjab National Bank gave the nod for a substantial capital infusion, approving the raising of equity capital amounting to Rs 7,500 crore during the fiscal year 2024-25. The decision, disclosed in a ...

Shriram Group Forays Into Asset Reconstruction Business With Rs 300 Crore Capital Infusion

Jaipur, Nov 7Diversified conglomerate Shriram Group is foraying into asset reconstruction business with a capital infusion of Rs 300 crore, and it also plans to launch wealth management services, a top official said on Tuesday....

Public Sector Non-Insurers To Be Infused With Capital In Budget 2020

To improve on the health of non-life insurance companies in the private sector space, govt in budget 2020 may announce capital infusion for them. Through first supplementary demands for grants for 2019-20 in December, the government infused a total of Rs. ...

Allahabad Bank Surges 11% On Receiving Fresh Capital From Govt

Shares of Allahabad Bank climbed as much as 10.9 percent to an intraday high of Rs 19.70 apiece on Friday. The surge comes a day after the public-sector lender said that it will get a fresh capital infusion of Rs 2,153 ...

Capital infusion in PSU banks likely next month

With a major stake in public sector banks, government each year earmarks the amount in its annual budget for banks to enable them to meet their minimum capital adequacy criteria. The amount earmarked for capital infusion in banks in the ...