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)
Fortis says GIC to defer preferential investment
June 26, 2010 By Leave a Comment
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.
Healthcare
Fortis said in a separate statement it had approved conversion of warrants into equity. (Reporting by Sumeet Chatterjee)
Rahul Dravid at a fund raising campaign for poor
September 5, 2009 By Leave a Comment
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)
Pantaloon board meet Monday on revamp, fund raising
April 12, 2009 By Leave a Comment
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)
Wikipedia exceeds $6m donation goal
January 4, 2009 By Leave a Comment
Enough hearts to keep the ubiquitous online encyclopedia running for another fiscal year – and then some, have been melted by a personal plea for cash by Wikipedia’s founder, Jimmy Wales.
It was recently announced by the Wikimedia foundation that it has risen over $6.2m since launching a fund-raising campaign in early November. With more than 125,000 donors contributing worldwide, the website exceeded its goal of approximately $6m to fund operations through June 30, 2009.
The non-profit organization appeared to be falling short of its financial target in late December until Wales posted a personal appeal for donations in place of Wikipedia’s standard fund-raising banner. The foundation said, “In the remaining eight days of the month, Wikimedia pulled in more than 50,000 contributions totaling $2m.”
Wales reported, “Surplus revenue will be placed into a reserve fund for offsetting operating costs beyond the fiscal year.” Furthermore, the foundation also provides a breakdown of Wikipedia’s 2008/2009 budget, which totals $5,974,000.
The site call itself as the fourth most visited site on the internet according to numbers by comScore and employs only 23 workers. However, it should be noted that Wikipedia’s donation box is still open – so there’s still plenty of opportunities to raise more cash.