Tag Archives: crore

GNA Axles’ board has approved the proposal to avail a term loan of Rs 60 crore for purchase of machinery from Central Bank of India. The Legal, Banking and Finance Committee of the Board of Directors of the company, in its meeting held on October 16, 2018 has considered and ... Read More »

State Bank of India (SBI) is planning for raising up to Rs 5,000 crore through issue of Basel III compliant Tier 2 bonds in USD/INR to overseas and/or Indian investors during FY19, through a public offer / private placement. The meeting of the Central Board of the Bank is scheduled ... Read More »

IIFL Holdings’ subsidiary — IIFL Home Finance has raised Rs 1,000 crore from National Housing Bank (NHB) and another $50 million from State Bank of India through External Commercial Borrowing (ECB) route. IIFL Home Finance is one of the first borrowers under the Reserve Bank of India’s revised norms for ... Read More »

Satin Creditcare Network is planning to issue Non-Convertible Debentures (NCDs) up to the amount of Rs 40 crore through Private Placement. The meeting of Working Committee of the Board of Director of the company is scheduled to be held on October 18, 2018, to consider the same. Satin Creditcare Network ... Read More »

Allahabad Bank has raised around Rs 1,790 crore from the Government of India (GoI). The Share Issue and Allotment Committee of the Board has approved for allotment of 38,92,15,046 new equity shares of face value of Rs 10.00 of the Bank on preferential basis to the Government of India (President ... Read More »

Manomay Tex India has received an approval for availing Credit Facilities up to Rs 80.62 crore from Consortium Bank i.e. State Bank of India (Lead Bank), Industrial Estate Branch, Bhilwara and Oriental Bank of Commerce (Member Bank), Gandhi Nagar, Bhilwara. The Board of Directors of the company at their meeting ... Read More »

South Indian Bank has decided to augment the capital by issue of Basel III compliant Tier II Bonds not exceeding Rs 500 crore in one or more tranches with or without green shoe option, on such terms and conditions as it may deem fit, subject to the approval of regulatory ... Read More »

Punjab National Bank is currently trading at Rs. 68.40, up by 1.25 points or 1.86% from its previous closing of Rs. 67.15 on the BSE. The scrip opened at Rs. 67.80 and has touched a high and low of Rs. 68.55 and Rs. 67.80 respectively. So far 127775 shares were ... Read More »

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile, the bank has already sold some of the fixed assets and have realised Rs 400 crore from these assets. ... Read More »

Future Consumer is currently trading at Rs. 40.60, up by 0.10 points or 0.25% from its previous closing of Rs. 40.50 on the BSE. The scrip opened at Rs. 41.50 and has touched a high and low of Rs. 41.50 and Rs. 39.90 respectively. So far 136217 shares were traded ... Read More »

L&T Finance Holdings has raised funds worth Rs 250 crore. The Committee of Directors (Committee) has approved allotment of 2,50,00,000 Cumulative Compulsorily Redeemable Non-Convertible Preference Shares (CRPS) of face value of Rs 100 each on a private placement basis to the identified investors. The Committee approved the same on October ... Read More »

Sun Pharmaceutical Industries is going to invest an additional Rs 200 crore at its Assam plant to augment operations. The company has already invested Rs 700 crore in this manufacturing facility. Besides, the company has inaugurated a new production line at its facility in Palashbari. Sun Pharmaceutical Industries is the ... Read More »

Cupid has received an order worth Rs 7.30 crore from UNFPA to supply Male Condoms to Zambia. The order has to be executed over a period of four months. This is the single largest and the first big order the company has received from UNFPA for supply to Zambia. Cupid ... Read More »

Future Consumer has raised funds worth Rs 50 crore. The Committee of Directors of the Board of Directors of the company has on October 12, 2018, allotted 500 Senior, Secured, Non-Convertible Debentures (NCDs) having face value of Rs 10,00,000 each for cash at par to CDC Emerging Markets, an arm ... Read More »

Allcargo Logistics is investing over Rs 1,000 crore to set up four logistics parks at key locations over the next two years, in bid to gain opportunities as the economy moves on at a faster clip. The company will utilize its land banks acquired in the past few years in ... Read More »

Shriram Transport Finance Company has proposed to raise up to Rs 1350 crore through secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The NCDs have a fixed rate of interest, with seven different series. The NCDs have tenures of three, five and 10 years, with ... Read More »

Avenue Supermarts has issued Commercial Paper worth Rs 65 crore. The date of issuance is October 11, 2018 and the instrument will mature on December 10, 2018. The rating agency, CRISIL has assigned ‘A1+’ rating to the company’s Commercial Paper. Avenue Supermarts is a Mumbai-based company, which owns and operates ... Read More »

Future Enterprises has raised Rs 300 crore through allotment of 1,200, 10.15% Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) of Rs 10 lakh each (NCD Series XXIV-A) and 1,800, 10.15% Secured, Rated, Redeemable, Non-Convertible Debentures of Rs 10 lakh each (NCD Series XXIV-B) on private placement basis. The Committee of Directors ... Read More »

Housing and Urban Development Corporation (HUDCO) has achieved the level of Loan Sanctions of Rs 6895.26 crore and Loan Releases of Rs 3504.17 crore, as on September 30, 2018 for the financial year 2018-19. HUDCO finances social housing and residential real estate through primarily lending to State Governments and their ... Read More »

Oil and Natural Gas Corporation (ONGC) is reportedly planning to buy 27 drilling rigs, in a bid to replace nearly half of its ageing onland rigs. The estimated cost would be around Rs 3000-3500 crore. The new drilling rigs will help the company to make things more competent. ONGC is ... Read More »