Grasim Raises ₹1,250 crore from IFC Through Sustainability Bonds
The proceeds from this initiative will be directed towards supporting decarbonization efforts within its new paint-manufacturing business.
Sustainable Bonds Market: $1 Trillion on the Horizon, Says S&P
This growth comes despite some economic uncertainties, driven by increased transparency, emerging market participation, and strong demand for environmental and energy transition projects.
Borosil Renewables Stock Price Rises on Anti-dumping Probe Announcement
Surged by 11% following India’s initiation of an anti-dumping investigation, the stock price climbed to ₹598.65 per share during today’s intraday trade.
Mufin Green Finance to Get Rs 340 cr Capital Boost from the New Acquisition
Mufin Green Finance last week revealed that it had secured Rs 140 crore in Series B funding, adding to the Rs 530 crore raised in debt funding in the previous fiscal year.
DFSA Launches ESG Fee Waiver, Emirates NBD the First Beneficiary
This is the first such fee waiver as announced by DFSA during COP28, aiming to bolster sustainable capital markets within the Dubai International Financial Centre.
Brookfield Raises $10 Billion for Second Climate Transition Fund
This fund focuses on investments driving the transition to a net-zero economy.
HDFC Bank Successfully Raised $300 Million Via Sustainable Bonds
The three-year sustainable bond, boasting a competitive spread of 95 basis points over the US Treasury, represents the tightest credit spread achieved by an Indian issuer for a similar-sized offering.
NHAI Plans to Issue Green Bonds for the First Time
The company has initiated the process of appointing advisors and arrangers and has called for proposals to undertake this task
ADB Raises INR 1.25 Billion in Green Masala Bonds
The bond, the largest by ADB, structured as a 4-year currency-linked instrument, features a one-time repayment at maturity and carries a fixed interest rate of 6.72% annually
Budget 2024: Nirmala Sitharaman Announces Greener Plans for India
The minister has committed substantial funds to enhance the green energy sector, emphasizing the utilization of solar power and India’s extensive offshore wind energy potential.