Jindal Stainless Board nods head to raise USD 12 Mn through NCD issue

Jindal Stainless Board nods head to raise USD 12 Mn through NCD issue
The Jindal Stainless Limited board has reportedly approved the issuing of up to 990 rated, unsecured, listed, redeemable, non-convertible debentures (NCDs), with a face value of USD 12.13 million, through a private placement at its meeting held on September 23, 2022. For those unaware, Jindal Stainless Ltd. is a mid-cap company with a market value of USD 88 billion that works in the metal sector. One of the market leaders for stainless steel in

Southeast Asian firm CloudEats raised USD 7 Mn in Series A extension

Southeast Asian firm CloudEats raised USD 7 Mn in Series A extension
Cloud kitchen startup CloudEats has reportedly raised USD 7 million in a Series A extension led by Nordstar to speed up the digitization of food delivery business in Southeast Asia. For the unversed, the firm is headquartered in Manila and has cloud kitchens operating around the Philippines and Vietnam. It further hopes to expand into Southeast Asian nations like Malaysia, Thailand, and Indonesia by 2023. Interestingly, the Southeast Asian clou