+
KBC Global plans to raise Rs 1 billion through issue of equity shares
ECONOMY & POLICY

KBC Global plans to raise Rs 1 billion through issue of equity shares

Construction and infrastructure company KBC Global Ltd on Tuesday said it plans to raise up to Rs 1 billion through an issue of equity shares. The board of the company will meet on October 16 (Wednesday) to consider and approve a proposal to raise up to Rs 1 billion through an issue of equity shares via permissible modes, including preferential allotment and warrants, the company said in a statement.

"The proceeds of the equity issue will be utilized for the repayment of debt," the company said. As of March 31, 2024, total loan outstanding was Rs 758.6 million on its its books. KBC Global on September 21, 2024 fulfilled its payment obligation to Capri Global Capital Ltd and fully regularized the default on September 19, 2024.

As of today, the outstanding balance with Capri Global Capital Ltd stands at Rs 1350 million, it said. A step-down arm of KBC Global recently signed an MoU with Liberia Special Economic Zone Authority for the construction and development of residential building complexes, low-cost housing and Commercial space in SEZ with an estimated cost of $ 12.5 million.

The company has commenced a new project at Deolali in Nashik (Maharashtra) with six commercial and 22 residential units.

Construction and infrastructure company KBC Global Ltd on Tuesday said it plans to raise up to Rs 1 billion through an issue of equity shares. The board of the company will meet on October 16 (Wednesday) to consider and approve a proposal to raise up to Rs 1 billion through an issue of equity shares via permissible modes, including preferential allotment and warrants, the company said in a statement. The proceeds of the equity issue will be utilized for the repayment of debt, the company said. As of March 31, 2024, total loan outstanding was Rs 758.6 million on its its books. KBC Global on September 21, 2024 fulfilled its payment obligation to Capri Global Capital Ltd and fully regularized the default on September 19, 2024. As of today, the outstanding balance with Capri Global Capital Ltd stands at Rs 1350 million, it said. A step-down arm of KBC Global recently signed an MoU with Liberia Special Economic Zone Authority for the construction and development of residential building complexes, low-cost housing and Commercial space in SEZ with an estimated cost of $ 12.5 million. The company has commenced a new project at Deolali in Nashik (Maharashtra) with six commercial and 22 residential units.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code