Mitul Shah & Associates

KPI Green Energy to raise $363 million from SBI, top executives say

KPI Green Energy is set to receive a substantial boost with a 32 billion rupee loan from the State Bank of India, aimed at expanding its renewable power production capacity. This move aligns with India’s ambitious green energy goals. Simultaneously, the company launched its inaugural green bond, targeting 6.7 billion rupees.

Ambani’s Reliance raises $2.4 billion in asset-backed securities

Reliance Group companies, led by billionaire Mukesh Ambani, have successfully raised approximately 210 billion rupees through asset-backed securities. This deal, one of India’s largest this year, saw strong demand from leading asset managers like Aditya Birla Sun Life and HDFC Asset Management. The issuance, structured via pass-through certificates with varying maturities, carries an average coupon […]

Canara HSBC Life Insurance gets Sebi nod for its proposed IPO

Canara HSBC Life Insurance has received Sebi’s approval for its IPO, paving the way for the sale of up to 23.75 crore shares by Canara Bank, HSBC Insurance, and Punjab National Bank. The company, a prominent bank-led private player, boasts the third-highest AUM among public sector-promoted life insurers and has demonstrated substantial profit growth, with […]