Latest news with #capitalraise
Reuters
10 hours ago
- Business
- Reuters
India's IndusInd Bank to raise up to 300 billion rupees
July 23 (Reuters) - India's IndusInd Bank ( opens new tab will raise up to 300 billion rupees ($3.47 billion), the private lender said on Wednesday. IndusInd will issue debt worth 200 billion rupees on a private placement basis and also increase capital by 100 billion rupees through an additional issue or placement of securities. The bank took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April. IndusInd will report its first-quarter results on July 28. ($1 = 86.3730 Indian rupees)
Zawya
5 days ago
- Business
- Zawya
Nigeria: UBA to raise $102mln via rights issue to boost capital base
United Bank for Africa Plc (UBA) has announced plans to raise N157 billion through a rights issue. According to the News Agency of Nigeria (NAN), the disclosure was made via a notice to the Nigerian Exchange Ltd (NGX). It said in a statement on Thursday that its stock brokers, United Capital Securities limited., had submitted an application to the Nigerian Exchange limited. to that effect. It added its stock brokers had requested for approval and listing of a Rights Issue of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per share 'Trading License Holders are hereby notified that United Bank for Africa Plc, through its Stockbrokers, United Capital Securities Ltd., has submitted an application to the Nigerian Exchange Ltd.' in that regard. 'The rights issue will be on the basis of one new ordinary share for every 13 ordinary shares held as of the close of business on Wednesday, July 16, 2025. 'The qualification date for the Rights Issue is July 16, 2025,' the bank noted. The move is part of UBA's strategy to strengthen its capital base and support its expansion and growth objectives across Africa.
Wall Street Journal
10-07-2025
- Business
- Wall Street Journal
Space-Medicines Startup Varda Nabs $187 Million Financing
Varda Space Industries, which seeks to use microgravity to improve drug development, has raised $187 million in fresh capital and expanded its ability to process pharmaceutical ingredients in orbit. Because active pharmaceutical ingredients behave differently in microgravity, or near-weightlessness, Varda says its approach could enable improved versions of existing drugs and novel treatments not possible on Earth.
Yahoo
09-07-2025
- Business
- Yahoo
BTCS Inc. (BTCS) Stock Jumps 111.1%: Will It Continue to Soar?
BTCS Inc. (BTCS) shares soared 111.1% in the last trading session to close at $5.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.4% gain over the past four weeks. BTCS stock witnessed a significant price rise on July 8 after it announced a $100 million capital raise to buy Ethereum, aiming to become a leading Ethereum infrastructure firm. Additionally, BTCS leverages its competitive strengths through a dual focus on Ethereum block-building via Builder+ and validator node operations across various proof-of-stake (PoS) and delegated PoS networks. Its non-custodial staking model enhances trust and scalability, while the AI-powered ChainQ analytics platform boosts data transparency. The company prioritizes security, maintaining 98% of crypto assets in encrypted cold storage, and employs proprietary infrastructure to optimize performance and efficiency. This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of -75%. Revenues are expected to be $1.7 million, up 203.6% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For BTCS Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on BTCS going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> BTCS Inc. belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Ponce Financial (PDLB), closed the last trading session 1.4% higher at $14.36. Over the past month, PDLB has returned 6.6%. Ponce Financial's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.17. Compared to the company's year-ago EPS, this represents a change of +21.4%. Ponce Financial currently boasts a Zacks Rank of #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BTCS Inc. (BTCS) : Free Stock Analysis Report Ponce Financial Group, Inc. (PDLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Zawya
08-07-2025
- Business
- Zawya
UAE wealth fund ADIA unit backs Paris-based Tikehau Capital's $1.17bln capital raise
A consortium lead by a subsidiary of UAE wealth fund ADIA has backed French alternative asset manager Tikehau Capital's 1billion euro ($1.17 billion) capital raise for its portfolio company Egis. US-based Apollo S3, along with American private equity firm Neuberger Berman have also invested in Tikehau Capital's continuation fund for Egis. Financial details of the investment have not been disclosed. With €50.6 billion of assets under management, Tikehau Capital initially acquired a control position in Egis in January 2022 from Caisse des Dépôts et Consignations (CDC) through the first vintage of its private equity decarbonisation strategy. Egis designs, develops and operates smart infrastructure and buildings that address climate change challenges. The company said the capital raise will help with new M&A opportunities, particularly in North America. (Writing by Bindu Rai, editing by Seban Scaria)
