KBC Global to raise Rs 1 billion via equity share issuance
ECONOMY & POLICY

KBC Global to raise Rs 1 billion via equity share issuance

Construction and infrastructure company KBC Global announced its plan to raise up to Rs 1 billion through the issuance of equity shares. The company's board will review and approve a proposal for raising the funds through equity share issuance via various permissible methods, including preferential allotment and warrants, according to a statement by the company.

The company indicated that the proceeds from the equity issue would be used to repay its debt.

As of March 31, 2024, the company had an outstanding loan balance of Rs 750.86 million.

KBC Global also mentioned that on September 21, 2024, it fulfilled its payment obligation to Capri Global Capital, fully regularizing a previous default on September 19, 2024. The outstanding balance with Capri Global Capital now stands at Rs 130.50 million.

Additionally, a subsidiary of KBC Global recently signed a Memorandum of Understanding (MoU) with the Liberia Special Economic Zone Authority to construct and develop residential complexes, low-cost housing, and commercial spaces within the SEZ, with an estimated cost of $12.5 million.

The company has also started a new project in Deolali, Nashik (Maharashtra), which includes six commercial and 22 residential units.

Construction and infrastructure company KBC Global announced its plan to raise up to Rs 1 billion through the issuance of equity shares. The company's board will review and approve a proposal for raising the funds through equity share issuance via various permissible methods, including preferential allotment and warrants, according to a statement by the company. The company indicated that the proceeds from the equity issue would be used to repay its debt. As of March 31, 2024, the company had an outstanding loan balance of Rs 750.86 million. KBC Global also mentioned that on September 21, 2024, it fulfilled its payment obligation to Capri Global Capital, fully regularizing a previous default on September 19, 2024. The outstanding balance with Capri Global Capital now stands at Rs 130.50 million. Additionally, a subsidiary of KBC Global recently signed a Memorandum of Understanding (MoU) with the Liberia Special Economic Zone Authority to construct and develop residential complexes, low-cost housing, and commercial spaces within the SEZ, with an estimated cost of $12.5 million. The company has also started a new project in Deolali, Nashik (Maharashtra), which includes six commercial and 22 residential units.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?