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IndusInd Bank gets nod to raise funds through bonds

Mumbai : IndusInd Bank has received approval to raise funds through issuance of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier I capital (AT1 Bonds) for a face Value of Rs 10 lakh each for cash for an aggregate amount of upto Rs 2,000 crore with base ... Read More »

Canara Bank plans to raise $500 million

Canara Bank is planning to raise long term foreign currency funds by issuing Senior Unsecured Bonds in the international markets to the extent of $500 million under its Medium Term Notes (MTN) Programme, depending on the market conditions. The proposed foreign currency funds raised through issue of Senior Unsecured Bonds (MTN) will be utilized for deploying in long term assets ... Read More »

Allahabad Bank gains on planning to raise capital in FY20

Allahabad Bank is currently trading at Rs. 55.75, up by 1.05 points or 1.92% from its previous closing of Rs. 54.70 on the BSE. The scrip opened at Rs. 55.30 and has touched a high and low of Rs. 56.10 and Rs. 55.20 respectively. So far 77547 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Rainbow Foundations to raise funds on private placement basis

Rainbow Foundations has received an approval for the allotment of 1,01,50,000 Non-Convertible Redeemable Cumulative Preference Shares (NCRCPS) at a face value of Rs 10 each aggregating to Rs 10,15,00,000 on Private Placement basis in favour of Avance Technologies. The Board of Directors of the Company which passed Circular resolution on March 11, 2019, approved the same. Rainbow Foundations (RFL) is ... Read More »

DLF to raise over Rs 3,000 via QIP

DLF is planning to raise an estimated Rs 3,000 crore through the sale of equity shares to qualified institutional investors (QIP). The company is looking to complete QIP by June this year. In a bid to become a debt-free company, the company had last year announced plans to issue up to 17.3 crore shares through qualified institutional placement (QIP) to ... Read More »

Binol villagers in Rajsamand raise slogans to Pulwama braveheart

  Udaipur : Binol, a non descript village nestled in a remote area in Kunwariya block of Rajsamand district, have been witnessing non stop arrivals of visitors since past 24 hours. Party leaders, relatives, administrative officers have been dropping in at martyr Narayanlal Gurjar’s home to extend grief and support to his family. His martyrdom had come as a big shock ... Read More »

TRF planning to raise funds

TRF is planning to raise funds by issue of preference shares or any other securities through one or more methods including through qualified institutions placement, private placement, rights issue, preferential issue or through any other permissible mode or a combination thereof, subject to such regulatory / statutory approvals as may be required, including approval of shareholders of the company. The ... Read More »

Oriental Bank of Commerce gets nod to raise Rs 1186.00 crore

Oriental Bank of Commerce has received approval from its board to raise capital for an amount upto Rs 1186.00 crore through issuance of equity shares to the Government of India (GoI) on preferential basis. Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations. Read More »

NTPC to raise Rs 4,000 crore via debentures

NTPC is going to raise Rs 4,000 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 8.30% pa with a door to door maturity of 10 years on January 15, 2019. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate ... Read More »

Zydus Wellness gets approval to raise Rs 1,500 crore via NCDs

Zydus Wellness has received approval to raise funds of aggregate nominal value up to Rs 1,500 crore through issuance of rated, secured, listed, redeemable, Non-Convertible Debentures (NCDs) each having a face value of Rs 10 lakh on private placement basis. The Board of Directors of the Company at its meeting held on January 11, 2019 has approved the same. Zydus ... Read More »

Nahar Industrial Enterprises planning to raise funds

Nahar Industrial Enterprises is planning to raise funds by way of issue of preference shares to promoter group entities or by any other mode. The meeting of Board of Directors of the Company will be held on January 15, 2019, to consider the same. The Board is also going to approve increase / re-classification of authorized capital. Nahar Industrial Enterprises ... Read More »

Essel Group in talks to raise upto $400 million: Report

Essel Group is reportedly in talks with investors to raise upto $400 million in a structured credit transaction. The group will raise funds to refinance a part of the promoter debt which will mature over the next few quarters. Essel Propack is a flagship company of the Essel group is a producer of plastic packaging material in the form of ... Read More »

Avenue Supermarts planning to raise funds via CP

Avenue Supermarts is planning to raise funds through issuance of Commercial Paper (CP). The Board of Directors of the Company at its meeting to be held on January 12, 2019 to consider the same. Avenue Supermarts is a Mumbai-based company, which owns and operates DMart stores. D-Mart is an emerging national supermarket chain that offers customers a range of home ... Read More »

Tata Steel BSL gets approval to raise funds via NCRPS

Tata Steel BSL has received approval to raise funds through issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to Tata Steel, on a private placement basis for an amount not exceeding to Rs 12,000 crore. The Board of Directors of the Company at its meeting held on January 09, 2019 has approved the same. Tata Steel BSL formerly known as Bhushan ... Read More »

Parnami Credits planning to raise funds via NCDs

Parnami Credits is planning to issue of Non-Convertible Debentures (NCDs) through Private Placement basis. The meeting of the Board of Directors of the company will be held on January 11, 2019, to consider the same. The company is engaged in providing short term, medium term, long term loan to small and medium companies. It also provides financial services to its ... Read More »

Poddar Housing gets nod to raise Rs 50 crore via NCDs

Poddar Housing and Development has received approval to raise funds aggregating up to Rs 50 crore through issuance of the 50,000 secured, Unrated, redeemable, unlisted, Non-Convertible Debentures (NCDs) of a face value of Rs 10,000 each on private placement basis. The Board of Directors of the Company at its meeting held on January 08, 2019 approved the Private Placement Offer ... Read More »

Indian Bank gets nod to raise funds via bonds

Indian Bank has received approval for raising Basel III Compliant AT1 Bonds up to Rs 2200 crore and Tier 2 Bonds up to Rs 1100 crore. The bank will raise the funds in one or more tranches in the financial year 2019-20 based on the requirement. Indian Bank was established as a part of the Swadeshi movement. The Bank provides ... Read More »

Piramal Enterprise to raise funds on private placement

Piramal Enterprise has received approval to raise funds through issue of secured Non-Convertible Bonds on private placement. The size of the issue is Rs 400 crore with green shoe option of Rs 200 crore such that the total value shall not exceed Rs 600 crore. The Administrative Committee of the Board of Directors of the Company at its meeting held ... Read More »

Hero MotoCorp’s Ather Energy preparing to raise funds: Report

Hero MotoCorp owned electric scooter startup Ather Energy, is reportedly preparing to raise between Rs 200 – 300 crore in coming 10 months to expand into fresher markets such as Chennai and Pune. This investment will support Ather’s needs for a year, and company would raise more funds in the next coming years for its future expansion and product development ... Read More »

Tata Motors to raise Rs 500 crore through NCDs

Tata Motors has received an approval to raise Rs 500 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis. The company’s Authorized Committee in its meeting held on June 21, 2017 has approved the issuance of up to 5,000 Rated, Listed, Unsecured, 7.50% Coupon, Redeemable, NCDs of face value Rs 10 lakh each, at par, aggregating up to ... Read More »