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

16 Oct 2024 CW Team

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.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..