July 14 (Reuters) – India’s Tata Steel (TISC.BO), the world’s No. 8 steelmaker, on Wednesday denied a media report the company was planning to raise about $2 billion through fresh equity over the next quarter to help fund expansion. “Nothing at this point,” a Tata Steel spokesman told Reuters when asked about fund raising plans. The Financial Chronicle newspaper had reported citing bankers familiar with the development, the steelmaker had sounded out investment banks to finalise a lead arranger for the offering. [ID:nSGE66D03D] (Reporting by Surojit Gupta; Editing by Ranjit Gangadharan)
June 25 (Reuters) – Fortis Healthcare (FOHE.BO) said on Friday Singapore’s GIC had decided to defer preferential investment in the Indian hospital chain, but will evaluate participation in broader fund raising by Fortis.
Fortis said in a separate statement it had approved conversion of warrants into equity. (Reporting by Sumeet Chatterjee)
Bangalore, Sep 5 (ANI): Cricketer Rahul Dravid graced a weeklong fund raising campaign called ‘Joy of Giving Week’ for the poor and downtrodden in Bangalore.
The scheme has been conceptualised by ‘Give India’ an organization, which works with voluntary groups all over the country.
The stars and celebrities from all walks of life including Dravid, Sachin Tendulkar, former badminton player Prakash Padukone and corporate bigwigs have extended support to the cause.
“It is a great concept to get so many people together. It is not necessarily just about celebrities and the well known figures. It is really about each one of us, every one of us, in our own small way contributing during that week and just getting a movement together which is something that can grow into something really big in the years to come,” said Dravid.
The weeklong scheme would include giving clothes to the needy, helping orphanages, providing school bags, health aid and educational support to the downtrodden. (ANI)
Washington, June 29 (ANI): A study on US presidential campaign donations has revealed that President Barack Obama had more than 3.7 million donors compared with 827,000 who donated to his opponent John McCain.
According to researchers at Brigham Young University, Obama had a substantial lead over McCain in small donors (200 dollars or less), and he also led in the number of individuals who gave exactly or near the legal limit of 4,600 dollars, the Sun Times reports.
Donors gave 700 million dollars to Obama and only 316 million dollars to McCain.
Donations from individuals giving 200 dollars or less represented nearly a quarter (178 million dollars) of Obama’s fund-raising total, but only seven percent (35 million dollars) of McCain’s.
Obama raised nearly 135 million dollars from individuals giving exactly or near the legal limit, while McCain could only raise less than 110 million dollars in this category. (ANI)
MUMBAI, April 11 (Reuters) – Pantaloon Retail India Ltd (PART.BO) said on Saturday its board would meet on Monday to consider restructuring its business and raising funds via equity.
The retailer plans to re-align its business lines and is considering creating separate legal entities, it said in a statement to the Bombay Stock Exchange. (Reporting by Swati Pandey; Editing by Tomasz Janowski)