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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 »

SBI to raise Rs 20.45 billion by issuing Basel III-compliant bonds

State Bank of India (SBI) is going to raise Rs 20.45 billion by issuing Basel III-compliant bonds. The committee of directors for capital raising at its meeting held on December 21, 2018, deliberated and accorded approval to allot 20,450 non-convertible, taxable, perpetual, subordinated, unsecured Basel III-compliant additional tier-1 bonds, for inclusion in additional tier-1 capital of the bank. The bonds ... Read More »

JSW Steel to raise funds up to Rs 3,500 crore via domestic bond: Report

JSW Steel is reportedly planning to raise funds up to Rs 3,500 crore via a domestic bond sale to partly finance its Rs 19,500-crore acquisition of Bhushan Power & Steel. The company is aiming to sell about Rs 3,000-3,500 crore of bonds and for this purpose the company is in discussion with lenders Standard Chartered, Credit Suisse and Deutsche Bank. ... Read More »

Elecon Engineering plans to raise Rs 150 crore via NCDs

Elecon Engineering Company is planning to raise funds of upto Rs 150 crore through issuance of Non-Convertible Debentures (NCDs) on Private Placement basis. The Board of Directors of the Company at its meeting to be held on December 10, 2018 to consider the same. Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment. Read More »

Mahindra Finance gets nod to raise funds through NCDs

Mahindra & Mahindra Financial Services (Mahindra Finance) has received an approval for the allotment of 584 Secured Redeemable Principal Protected – Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each, at a premium, aggregating to Rs 58.40 crore and 92 Secured Redeemable Principal Protected -Market Linked Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 ... Read More »

Zydus Wellness planning to raise funds on private placement basis

Zydus Wellness is planning to raise funds through issue of securities on a preferential allotment basis and raising debt through issue of secured or unsecured redeemable, Non-Convertible Debentures (NCDs) on private placement basis. The Board of Directors of the Company at its meeting to be held on December 06, 2018, to consider the same. Zydus Wellness is an integrated consumer ... Read More »

Alembic Pharma planning to raise fund via NCDs

Alembic Pharmaceuticals is planning to raise funds on Private Placement Basis through issuance of Non-Convertible Debentures (NCDs). The Board of Directors of the Company at its meeting to be held on December 06, 2018 to consider the same. Alembic Pharmaceuticals, a vertically integrated research and development pharmaceutical company, has been at the forefront of Healthcare since 1907. Read More »

INOX Leisure gets nod to raise funds worth Rs 160 crore

INOX Leisure has received an approval to raise funds through the issuance of 64,00,000 Equity Shares at a price of Rs 250 each, aggregating to Rs 160 crore to Gujarat Fluorochemicals, the promoter of the Company. The Committee of the Board of Directors for Operations of the Company (Committee) at its meeting held on November 29, 2018, approved the same. ... Read More »

Allahabad Bank planning to raise Rs 3054 crore

Allahabad Bank is planning to raise equity capital of the Bank by an amount aggregating upto Rs 3054 crore through preferential allotment of new equity shares of the Bank to the Government of India against their capital infusion. The Board of Directors of the Bank at its meeting will be held on December 06, 2018 to consider the same. Allahabad ... Read More »

Shriram Transport Finance planning to raise funds on private placement basis

Shriram Transport Finance Company is considering to raise funds through various options of borrowings including by way of issue of securities in onshore/offshore market by public issue and private placement basis. Based on the market conditions the meeting(s) of Banking and Finance Committee/Debt Issuance Committee will be held during the next month ending December, 2018 to consider and approve the ... Read More »

Capital First gets nod to raise $150 million via NCDs

Capital First has received an approval to raise funds through issuance of Rated, Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) of $150 million on private placement basis. The Debenture Committee of the Company at its meeting held on November 29, 2018 has approved the same. Capital First is an MSME and consumer financing company which provides debt financing to these segments ... Read More »

Bharti Airtel eyeing to raise funds upto Rs 15,000 crore

Bharti Airtel is reportedly eyeing to raise funds worth Rs 12,000-15,000 crore through issue of fresh shares to repay debt and bring down borrowing costs in FY19. The move is a part of the company’s strategy to raise about Rs 30,000 crore in three tranches to meet capital expenditure, bolster cash flows, reduce debt and financing costs. Bharti Airtel is ... Read More »

HDFC to raise Rs 8500 crore via NCDs

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 8500 crore by issuing bonds on a private placement basis to shore up long-term capital needs. The object of the issue is to augment the long-term resources of the Corporation. The secured redeemable non-convertible debentures (NCDs) with an issue size of Rs 500 crore and option to retain ... Read More »

Capital First planning to raise funds via NCDs

Capital First is planning to raise funds through Private Placement of Rated, Listed, Secured / Unsecured / Subordinate / Perpetual, Redeemable Non-Convertible securities (NCDs) in the nature of Debentures. The meeting of the Debenture Committee of the company will be held on November 29, 2018, to consider and approve the same. Capital First is an MSME and consumer financing company ... Read More »

IIFL Holdings’ arm to raise funds worth upto Rs 5,000 crore

IIFL Holdings’ material NBFC subsidiary — India Infoline Finance has filed the Draft Shelf Prospectus with NSE and BSE on November 23, 2018 for raising of funds by way of issue of Non-Convertible Debentures through public issue route upto Rs 5,000 crore in one or more tranches subject to necessary approvals. IIFL Holdings is one of India’s leading, diversified financial ... Read More »

Shree Surgovind Tradelink planning to raise funds via QIP

Shree Surgovind Tradelink is planning to raise funds by issuing securities through Qualified Institutional Placement (QIP). The meeting of the Board of Directors of the company is scheduled to be held on November 24, 2018, to consider the same. Shree Surgovind Tradelink deals mainly in cereals, pulses and onion export. Read More »

DHFL gets nod to raise funds via NCDs

Dewan Housing Finance Corporation (DHFL) has received approval for issuance on Private Placement basis of Non-Convertible Secured/Unsecured Redeemable Debentures (NCDs) worth Rs 10,000 crore, NonConvertible Subordinated Unsecured Debentures (NCDs) worth Rs 1,000 crore and Non-Convertible Perpetual Unsecured Debentures (NCDs) worth Rs 1,000 crore depending upon the prevailing market conditions and business requirements of the company. The Board of Directors of ... Read More »

Piramal Enterprises gets nod to raise funds through NCDs

Piramal Enterprises has received an approval to issue privately placed secured Non-Convertible Debentures (NCDs) up to Rs 500 crore with an option to retain over-subscription of up to Rs 500 crore, aggregating the total issue size to Rs 1000 crore in two series. The Administrative Committee of the Board of Directors of the company at their meeting held on November ... Read More »

Oil India gets nod to raise funds worth Rs 4,000 crore

Oil India has received approval to raise funds aggregate principal amount not exceeding Rs 4,000 crore through issue of Debt Securities or equivalent amount in Foreign Currency. The Board of Directors of the Company at its meeting held on November 19, 2018 has approved the same. Oil India, a Navratna Company, is Asia’s oldest and biggest pioneer oil exploration and Production ... Read More »

GVK Power gets approval to raise Rs 8,000 crore

GVK Power & Infrastructure (GVKPIL) has received approval from its shareholders to raise funds upto Rs 8,000 crore by disposal, sale, lease, hypothecation, mortgage, charge or otherwise of all or any of the immovable and movable properties of the company. The shareholders of the company at its annual general meeting (AGM) held on November 14, 2018 has approved the same. ... Read More »

Karnataka Bank gets nod to raise Rs 400 crore via Bonds

Karnataka Bank has received an approval for allotment of 40,000 rated, unsecured, redeemable, non convertible, Basel III compliant, lower Tier 2 subordinated bonds (Series V) in the nature of debentures (the NCDs) bearing a face value of Rs 1,00,000 lakh each, at par to the investors identified by the Committee pursuent to the resolution of the Committee dated November 15, ... Read More »

Bank of Baroda gets approval to raise funds via bonds

Bank of Baroda has received approval to raise funds through issuance of Tier-II Capital Bonds compliant with Basel III Capital Regulations of the Reserve Bank of India for issue size not exceeding Rs 1,500 crore, with a base issue size upto Rs 500 crore and a Green shoe option to retain over-subscription upto Rs 1,000 crore, in single or multiple ... Read More »

Piramal Enterprises gets nod to raise Rs 400 crore through NCDs

Piramal Enterprises has received an approval for raising funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company held on November 15, 2018, approved the same. Piramal Enterprises is one ... Read More »

Allahabad Bank planning to raise additional Rs 1,800-1,900 crore

Allahabad Bank is planning to raise additional Rs 1,800-1,900 crore to shore up capital adequacy. The Bank is exploring all options – government help, QIP, and hiving off non-core assets and stake in JVs. Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India. Read More »

Deepak Fertilisers to raise Rs 500 crore via NCDs

Deepak Fertilizers & Petrochemicals Corporation has received an approval to raise funds through issue of Non-Convertible Debentures (NCDs) aggregating Rs 500 crore on private placement basis or raising term loan aggregating Rs 500 crore from banks/ financial institutions. The Board of Directors of the company at its meeting held on November 13, 2018 has approved the same. Deepak Fertilisers & ... Read More »

Walchandnagar Industries gets nod to raise Rs 200 crore via various means

Walchandnagar Industries has received approval to raise funds not exceeding Rs 200 crore, by way of issue of securities including but not limited to Equity Shares, and/or any other securities convertible into Equity Shares with or without warrant by way of public and/ or private placement, through Qualified Institutional Placement (QIP)/ Rights Issue or through any other permissible mode and ... Read More »

Piramal Enterprises planning to raise funds through NCDs

Piramal Enterprises is planning to raise funds through issue of Secured Non-Convertible Debentures (NCDs) of Rs 400 crore on private placement basis, with an option to retain oversubscription of Rs 100 crore. The meeting of the Administrative Committee of the Board of Directors of the company will be held on November 15, 2018, to consider the same. Piramal Enterprises is ... Read More »

DHFL planning to raise funds worth Rs 1500 crore via NCDs

Dewan Housing Finance Corporation (DHFL) is planning to raise funds through issue of Secured Redeemable Non-Convertible Debentures (NCDs) amounting to Rs 1500 crore on Private Placement basis. DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance ... Read More »

Bank of Baroda planning to raise funds through bonds

Bank of Baroda is planning to raise funds through Basel III Compliant Tier II bonds, for size and amount as may be decided, within overall Board approved Capital Plan. The meeting of the designated Board Committee i.e. Capital Raising Committee is scheduled to be held on November 15, 2018, to consider the same. Bank of Baroda is engaged in providing ... Read More »

Wockhardt gets nod to raise Rs 1,800 crore on private placement

Wockhardt has received approval for raising of funds through issuance of Non-Convertible Debentures (NCDs)/ Bonds (secured/ unsecured) on private placement basis up to an aggregate amount not exceeding Rs 1,800 crore. The Board of Directors of the company at its meeting held on November 10, 2018 has approved the same. Wockhardt is one of the few companies with end to ... Read More »

Worldwide Leather Exports planning to raise fund up to Rs 1 crore

Worldwide Leather Exports is planning to raise fund by way of an issue of Equity Shares of the company on preferential basis to public shareholders aggregating up to Rs 1 crore. The meeting of the Board of Directors of the company is scheduled to be held November 13, 2018, to consider the same. Worldwide Leather Exports deals in apparel, garments ... Read More »

Endurance Technologies to raise funds up to Rs 750 crore

Endurance Technologies has received an approval for issuance of fresh/new equity shares through one or more public or private offerings or combination thereof as may be permitted under applicable law(s), for an amount up to Rs 750 crore. The Board of Directors of the company at its meeting held on November 03, 2018, approved the same. Endurance Technologies manufactures aluminium ... Read More »

IIFL Holdings’ arm gets nod to raise funds up to Rs 5000 crore

IIFL Holdings’ material NBFC subsidiary — India Infoline Finance has received an approval for raising of funds by way of issue of Non-Convertible Debentures (NCDs) to public up to Rs 5000 crore in one or more tranches. The Board of Directors of India Infoline Finance at their meeting held on October 31, 2018, approved the same. IIFL Holdings is one ... Read More »

Aarti Industries gets nod to raise funds worth Rs 750 crore

Aarti Industries has received approval to raise funds by way of issue of equity shares or any other instruments or security including fully/partly convertible debentures or by way of a composite issue of Non-Convertible Debentures (NCDs), through qualified institutions placement, private placement/public issue of equity/ debt securities, preferential issue or through any other permissible mode and/ or combination aggregate amount ... Read More »

United Bank of India gets nod to raise funds up to Rs 3000 crore

United Bank of India’s board has approved raising of equity capital, in one or more tranches, for an amount not exceeding Rs 3000 crore by way of preferential allotment of equity shares. United Bank of India is one of the 14 major banks, which were nationalized on July 19, 1969. After nationalization, the Bank expanded its branch network in a ... Read More »

Satin Creditcare Network planning to raise funds via NCDs

Satin Creditcare Network is planning to issue Non-Convertible Debenture (NCD) for up to Indian Rupee (INR) equivalent of 30 million US Dollars through private placement. The Board Meeting of the company is scheduled to be held on November 14, 2018, to consider the same. Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is ... Read More »

Coffee Day Enterprises to raise Rs 100 crore via NCDs

Coffee Day Enterprises has received an approval for the issuance of up to 1000 Unlisted, Rated, Redeemable, Non-Convertible Debentures (NCDs), each of a face value of Rs 10 lakh aggregating to Rs 100 crore on private placement basis. The Board of the company at their meeting held on October 29, 2018, approved the same. The above mentioned issue of NCDs ... Read More »

Indiabulls Real Estate planning to raise Rs 1,000 crore via NCDs

Indiabulls Real Estate is proposing to issue Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each aggregating up to Rs 1,000 crore, on a private placement basis. The tenor will be up to 36 months. Indiabulls Real Estate is India’s third largest real estate company, with its focus on construction and development of residential, commercial and SEZ ... Read More »