United Spirits Limited is planning to raise $225 Mn FCCBs by early 2012 in order to reduce cost of debt.
According to filing on BSE, the company plans to issue FCCBs to the extent of $175 Mn with a green show option of up to a further $50 Mn.
Standard Chartered Bank, Rabo Bank and DBS Bank have been appointed as advisors to the issue.
I heard that Calfornia Pension is going to default and I started wondering what could be India's contribution to that.
Innefu Labs, an authentication security firm, is planning to raise about R16 -23 Cr ($2.5 – 3.5 Mn) in Series A round for a 20% stake . The company intends to close the round in next three months and is in advanced talks with the VC funds.