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India.com
3 days ago
- Business
- India.com
Anil Ambani planning something big, set for a massive comeback with Rs 180000000000 gamechanger plan, what will he do with the money?
Anil Ambani, who once grabbed headlines for his debts and bankruptcy, is once again back in the news—but this time for a different reason. This time, the focus is on the revival of his companies, the reduction of debt, increasing investments, and increasing stock prices. A report recently suggested that after clearing his debts, Anil Ambani's company is raising Rs 18,000 crore. This raises the next question. What is he going to do with this money? What is Anil Ambani's ₹180,000,000,000 plan all about? Once the richest person in the world, Anil Ambani, had gotten himself stuck in the web of debt through a number of unfortunate events and poor decisions. His companies started to face bankruptcy, but now, finally, there seems to be light at the end of the tunnel. Anil Ambani's businesses are beginning to show signs of revival, and some are even turning profitable. Two of his most crucial businesses, Reliance Power and Reliance Infrastructure, have made an astonishing recovery, as already demonstrated by their ever-increasing share price. After getting debt-free, Anil Ambani is ready to raise fresh funds. Reliance Power and Reliance Infrastructure are planning to raise Rs 9,000 crore each, for a total of Rs 18,000 crore in fundraising. Following the news of the fundraising initiative, Reliance Infrastructure shares soared, skyrocketing on Thursday to Rs 404.90. After navigating through a difficult time, Anil Ambani's company Reliance Power is gearing up for a much-awaited fundraising opportunity. In principle, the company's board has approved a mega plan to raise Rs 6,000 crore. Reliance Power plans to use either a Qualified Institutional Placement(QIP) or Follow-on Public Offer(FPO) to raise this amount, along with the issuance of debentures up to Rs 3,000 crore. With respect to Reliance Power's share price, it climbed by 2.40% to Rs 66.09 on Wednesday, resulting in a market capitalization of Rs 27,330 crore. Over six months, the stock has offered 60% returns, while over one year it has provided a remarkable 130% return.
Time of India
5 days ago
- Business
- Time of India
Reliance Power board okays fundraising up to ₹9,000 crore via QIP, FPO, and debentures
New Delhi: Reliance Power Ltd on Tuesday said its board has approved raising up to ₹9,000 crore through a combination of equity and debt instruments, including up to ₹3,000 crore through equity shares and up to ₹6,000 crore via non-convertible debentures (NCDs). In a stock exchange filing, Reliance Power said its board has approved seeking shareholders' approval for the issuance of equity shares or equity-linked instruments, including through Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), preferential allotment, rights issue, or other modes. The total equity fundraising is proposed up to ₹3,000 crore. Additionally, the board cleared a proposal for raising funds up to ₹6,000 crore by issuing non-convertible debentures, subject to approval by the members at the ensuing Annual General Meeting (AGM). 'The Board of Directors of Reliance Power Limited, at its meeting held today, approved the raising of long-term resources by issuing equity shares/equity-linked securities for an aggregate amount not exceeding ₹3,000 crore and issuance of NCDs on a private placement basis for an aggregate amount not exceeding ₹6,000 crore,' the company stated. Reliance Power also informed that the proposals will be placed before shareholders for approval at the company's upcoming AGM. In its filing, the company said the proposed capital raise will enable it to augment long-term resources for funding growth, strengthening its balance sheet, and general corporate purposes.
Business Standard
05-05-2025
- Business
- Business Standard
SBI slides after Q4 PAT falls 10% YoY to Rs 18,643 crore; declares dividend of Rs 15.90/sh
State Bank of India (SBI) slipped 1.12% to Rs 791.05 after the bank's standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025. Profit before tax in the fourth quarter of FY25 stood at Rs 24,844.35 crore, registering a YoY decline of 8.45%. Net interest income rose 2.69% to Rs 42,775 crore in Q4 FY25 as compared with Rs 41,655 crore in Q4 FY24. Net interest margin (domestic) reduced by 32 bps to 3.15% in Q4 FY25 as against 3.47% in Q4 FY24. Operating profit grew 8.83% YoY to Rs 31,286 crore in the March 2025 quarter as compared with Rs 28,748 crore posted in the corresponding quarter last year. Total deposits grew 9.48% to Rs 53,82,190 crore as on 31 March 2025 as against Rs 49,16,077 crore as on 31 March 2024, out of which CASA deposits grew by 6.34% YoY. The CASA ratio slipped 114 bps to 39.97% as of 31 March 2025. The bank's return on assets (ROA) for the quarter stood at 1.12% as against 1.36% in Q4 FY24. In Q4 FY25, the provision coverage ratio (PCR) improved by 60 bps YoY to 74.42%. Including advances under collection accounts (AUCA), the PCR improved by 19 bps YoY to 92.08%. The bank's gross non-performing assets (NPAs) reduced to Rs 76,880 crore as on 31 March 2025 as against Rs 84,276 crore as on 31 March 2024. The ratio of gross NPAs to gross advances stood at 1.82% as of 31 March 2025, as against 2.24% as of 31 March 2024. The ratio of net NPAs to net advances stood at 0.47% as of 31 March 2025, as against 0.57% as of 31 March 2024. On a full-year basis, the banks standalone net profit jumped 16.08% to Rs 70,900.63 crore on a 12.28% increase in revenue to Rs 5,24,172.41 crore in FY25 over FY24. The bank's credit growth stood at 12.03% YoY. Domestic advances grew at 11.56% YoY and foreign offices' advances rose by 14.84% YoY. Capital Adequacy Ratio (CAR) as at the end of Q4 FY25 reduced by 3 bps YoY and stands at 14.25%; slippage ratio was at 0.42%, declining by 1 bps YoY, while credit cost rose 2% to 0.39%. Meanwhile, the banks board has declared a dividend of Rs 15.90 per equity share for the financial year ending 31 March 2025. The record date for determining shareholders eligible to receive the dividend is Friday, 16 May 2025, and the payment date is set for 30 May 2025. Additionally, the board has approved raising equity capital up to Rs 25,000 crore (including share premium) in one or more tranches during FY 2025-26 through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), or any other permitted mode or combination thereof, subject to necessary approvals. The State Bank of India (SBI) is an Indian multinational, public-sector banking, and financial services statutory body. As of 31 March 2025, the Government of India held a 57.43% stake in the bank.
Business Standard
03-05-2025
- Business
- Business Standard
SBI Q4 PAT falls 10% YoY to Rs 18,643 crore; declares dividend of Rs 15.90/sh
State Bank of India's (SBI) standalone net profit declined by 9.93% year-on-year (YoY) to Rs 18,642.59 crore in Q4 FY25, compared to Rs 20,698.35 crore reported in Q4 FY24. However, total income increased 12.04% YoY to Rs 1,43,876.06 crore in the quarter ended 31 March 2025. Profit before tax in the fourth quarter of FY25 stood at Rs 24,844.35 crore, registering a YoY decline of 8.45%. Net interest income rose 2.69% to Rs 42,775 crore in Q4 FY25 as compared with Rs 41,655 crore in Q4 FY24. Net interest margin (domestic) reduced by 32 bps to 3.15% in Q4 FY25 as against 3.47% in Q4 FY24. Operating profit grew 8.83% YoY to Rs 31,286 crore in the March 2025 quarter as compared with Rs 28,748 crore posted in the corresponding quarter last year. Total deposits grew 9.48% to Rs 53,82,190 crore as on 31 March 2025 as against Rs 49,16,077 crore as on 31 March 2024, out of which CASA deposits grew by 6.34% YoY. The CASA ratio slipped 114 bps to 39.97% as of 31 March 2025. The bank's return on assets (ROA) for the quarter stood at 1.12% as against 1.36% in Q4 FY24. In Q4 FY25, the provision coverage ratio (PCR) improved by 60 bps YoY to 74.42%. Including advances under collection accounts (AUCA), the PCR improved by 19 bps YoY to 92.08%. The bank's gross non-performing assets (NPAs) reduced to Rs 76,880 crore as on 31 March 2025 as against Rs 84,276 crore as on 31 March 2024. The ratio of gross NPAs to gross advances stood at 1.82% as of 31 March 2025, as against 2.24% as of 31 March 2024. The ratio of net NPAs to net advances stood at 0.47% as of 31 March 2025, as against 0.57% as of 31 March 2024. On a full-year basis, the banks standalone net profit jumped 16.08% to Rs 70,900.63 crore on a 12.28% increase in revenue to Rs 5,24,172.41 crore in FY25 over FY24. The bank's credit growth stood at 12.03% YoY. Domestic advances grew at 11.56% YoY and foreign offices' advances rose by 14.84% YoY. Capital Adequacy Ratio (CAR) as at the end of Q4 FY25 reduced by 3 bps YoY and stands at 14.25%; slippage ratio was at 0.42%, declining by 1 bps YoY, while credit cost rose 2% to 0.39%. Meanwhile, the banks board has declared a dividend of Rs 15.90 per equity share for the financial year ending 31 March 2025. The record date for determining shareholders eligible to receive the dividend is Friday, 16 May 2025, and the payment date is set for 30 May 2025. Additionally, the board has approved raising equity capital up to Rs 25,000 crore (including share premium) in one or more tranches during FY 2025-26 through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), or any other permitted mode or combination thereof, subject to necessary approvals. The State Bank of India (SBI) is an Indian multinational, public-sector banking, and financial services statutory body. As of 31 March 2025, the Government of India held a 57.43% stake in the bank. The scrip added 1.51% to end at Rs 800.05 on the BSE on Friday.
Business Upturn
03-05-2025
- Business
- Business Upturn
SBI to raise Rs 25,000 crore via QIP, FPO in FY26 for capital expansion
By Aditya Bhagchandani Published on May 3, 2025, 14:36 IST State Bank of India (SBI) has announced its plan to raise up to ₹25,000 crore in equity capital during the financial year 2025-26. The fundraise will be conducted in one or more tranches through Qualified Institutions Placement (QIP), Follow-on Public Offer (FPO), or any other permitted route or combination thereof. According to the bank's filing, the raised capital—including share premium—will support SBI's future growth plans and capital adequacy. The move is subject to receipt of requisite regulatory approvals and will be carried out under terms deemed appropriate by the Board, in accordance with SEBI guidelines and other applicable regulations. This equity infusion is expected to help SBI strengthen its balance sheet, support credit growth, and meet the capital needs of expanding lending activity, especially in priority sectors. Earlier State Bank of India (SBI) reported a 10% year-on-year (YoY) decline in standalone net profit to Rs 18,642.59 crore for the quarter ended March 31, 2025, compared to Rs 20,698.35 crore in Q4FY24. The drop was primarily due to higher provisioning during the quarter. Net Interest Income (NII) rose slightly by 2.6% YoY to Rs 42,775 crore in Q4FY25, up from Rs 41,655 crore in the same period last year. Operating profit stood at Rs 31,286 crore versus Rs 28,747 crore in the year-ago quarter. However, provisions surged to Rs 6,441 crore, significantly higher than Rs 1,609 crore last year, including Rs 3,964 crore for NPAs. Asset quality improved marginally. Gross NPA ratio declined to 1.82% from 2.24%, while Net NPA fell to 0.47% from 0.57% YoY. Dividend announcement Alongside its Q4 results, the Central Board of the bank declared a dividend of Rs 15.90 per equity share (1590%) for the financial year ended March 31, 2025. The record date for determining eligible shareholders is May 16, 2025, and the dividend payment will be made on May 30, 2025. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
