May 11, 2021By: Rounak Jain
Board of the parent company of IndiGo airlines has approved raising of ₹3,000 crore through sale of shares to institutional investors.
Its subsidiary, JSW Hydro Energy, has raised $707 million via US dollar denominated secured notes.
The bank has approved raising equity capital via the Qualified Institutional Placement (QIP) route at a price of ₹35.51 per share.
Aarti Industries, BASF India, Granules India, Godrej Consumer Products, Kalpataru Power Transmission, KEC International, Linde India, Matrimony.com, Siemens, Ultracab (India).
The company has allotted 20,000 secured, non-convertible debentures on a private placement basis.
It reported a sharp rise in net profit in the March 2021 quarter at ₹85 crore against ₹6 crore a year ago. Revenue more than doubled to ₹1,391 crore from ₹663 crore.
It bounced back in the green in the March 2021 quarter with a net profit of ₹41 crore against a loss of ₹55 crore a year ago. Revenue surged to ₹1,392 crore from ₹976 crore.
It reported a 11-time jump in net profit in the March 2021 quarter to ₹33 crore, while revenue increased to ₹633 crore from ₹461 crore, year-on-year.
It reported a two-times increase in net profit in the March 2021 quarter to ₹448 crore from ₹198 crore a year ago. However, revenue declined to ₹1,641 crore from ₹1,969 crore.
Its proposed Basel III Tier 2 Bonds worth ₹1,000 crore have been assigned ‘AAA, Stable’ rating by CARE Ratings.