Tag: capital raising
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UBA Closes Rights Issue, Raises N157.8 Billion with Full Subscription
UBA closes rights issue with full subscription, raises N157.84 billion The United Bank for Africa (UBA) has announced the successful closure of its rights issue, securing a total of N157.84 billion from investors and achieving a full subscription rate. In its official results released on Wednesday, the bank disclosed that the offering comprised 3,156,869,665 ordinary…
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UBA closes rights issue: Nigerian bank raises N157bn
UBA closes rights issue with full subscription, raising N157.84 billion The United Bank for Africa (UBA) has officially closed its latest rights issue, successfully raising about 157.84 billion Nigerian naira with a full subscription rate. The result underscores strong investor confidence in the pan-African lender and highlights UBA’s strategic plan to bolster capital and support…
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UBA closes rights issue, raises N157bn to boost capital and lending
UBA closes rights issue to strengthen capital base The United Bank for Africa (UBA) has successfully closed its rights issue, signaling a strong reception from investors and a robust appetite for capital expansion. The Nigerian financial institution announced a full subscription, with total proceeds reaching approximately 157.84 billion Nigerian naira from the offering. The success…
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Strategic Investor Boosts Cobre Limited Exploration
Overview of the Agreement Cobre Limited (ASX: CBE) has announced a strategic investment agreement with Tribeca Investment Partners Pty Ltd (Tribeca) following the execution of a subscription agreement. Under the terms disclosed, Tribeca will subscribe for 40 million new fully paid ordinary shares in the company. The investment is aimed at accelerating Cobre’s exploration activities…
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Adani Enterprises to Raise $2.8B via Rights Issue After Hindenburg Fallout
Adani Enterprises Announces Major Rights Issue After Market Turmoil Adani Enterprises has unveiled plans to raise 250 billion rupees (approximately $2.8 billion) through a rights issue, marking a renewed push for capital as the conglomerate seeks to move on from the stock market controversy that accompanied its previous equity fundraise. The move signals confidence in…
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Adani Enterprises Rights Issue: Plan to Raise $2.8B
Overview: Adani Enterprises announces a $2.8 billion rights issue Adani Enterprises said on Tuesday it plans to raise 250 billion rupees (about $2.8 billion) through a rights issue of shares. The move comes as the company tries to move past the stock-market turmoil and a blistering scrutiny sparked by a recent equity fundraising announcement. The…