UwidoNews

LIC Housing Finance, the home loan arm of Life Insurance Corp, aims to raise Rs 500 crore through public deposits in 2009-10. The move is part of it strategy to shed dependence on the wholesale funding market.The company last year received permission from the Reserve Bank of India to raise deposits from the public and raised Rs 170 crore.

Coke producer Gujarat NRE Coke today said it is planning to raise Rs 300 crore through the issue of securities that includes foreign currency convertible bonds (FCCBs).

Life Insurance Corporation of India (LIC) today said it will invest nearly Rs50,000 crore in the equity market this fiscal.

Vedanta Resources group firm Sterlite Industries today said it will raise $500 million (over Rs 2,300 crore) from the American market to part finance expansion of copper business and business acquisitions.

The proposed move to bring down government holding in State Bank of India to 51% from about 59% now could help the lender raise around Rs12,000 crore, a top SBI official said here on Friday.

Housing Development Finance Corporation Ltd (HDFC), the multi-faceted finance company, has decided to dilute a maximum 3.5 per cent equity to Qualified Institutional Buyers (QIBs) to raise over Rs 4000 crore.

India's sixth largest state-owned lender, Union Bank of India (UBI) , is planning to raise Rs 1,700 crore this fiscal to step up its business expansion plans, a top official said. Click on the link to read more.
http://economictimes.indiatimes.com/News-by-Industry/Union-Bank-to-raise...

State-owned Union Bank of India on Wednesday said it will raise Rs 2,250 crore (about $500 million) through bonds by the end of this fiscal for expanding its global operations.

Dalip Kumar, CMD, FCS Software Solutions, says the company is looking to raise Rs 110 crore via global depositary receipts GDR .