IPO-bound Pine Labs raises $100 million from US investment fund

IPO-bound Pine Labs raises $100 million from US investment fund

IPO-bound Pine Labs raises $100 million from US investment fundSep 16, 2021, 05:59 PM IST

The new funding comes just months after it raised $600 million in two tranches from a host of global and domestic investors, which valued the firm at $3.5 billion.

Over Rs 30,000 crore guarantee approved for bad bank, says FM SitharamanSep 16, 2021, 06:06 PM IST

In an address on Thursday, Finance Minister Nirmala Sitharaman announced that the Cabinet had yesterday approved govt guarantee of up to Rs 30,600 crore to back security receipts to be issued by National Asset Reconstruction Company. The NARCL will pay up to 15% of the agreed value for the cash loans and remaining 85% would be govt-guaranteed security receipts.

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