New Delhi: The Supreme Court on Tuesday refused to restrain Aakash Educational Services (AES) from proceeding with its ₹140 crore rights issue – the second tranche of its planned ₹240 crore fundraising. Edtech platform Byju’s bankrupt parent, Think & Learn (TLPL), which owns a minority stake in AES, had challenged the National Company Law Appellate…
Kolkata: Warburg Pincus-backed Fusion Finance is expecting to turn profitable in the second half of this financial year, after suffering net losses for the sixth quarter in a row, said its managing director and chief executive Sanjay Garwali. With the turnaround in sight, the lender has decided to call the second tranche of ₹400 crore…
Indian companies will soon be able to raise funds quicker through rights issues and promoters will be able to renounce their rights entitlement in favour of a select investor. The Securities and Exchange Board of India (Sebi) has proposed several changes to make rights issues a preferred mode of fund raising. The regulator has suggested…