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Reliance Industries raises Rs 3,000 crore via debentures

Reliance Industries (RIL) has raised Rs 3,000 crore through a privately placed debenture issue. The unsecured, non-convertible redeemable debentures offered 8.95 percent return with a 10-year maturity. The notes shall be redeemed at par at the end of 10 years from the date of allotment — November 9, 2028. RIL ... Read More »

Indian Bank raises Rs 110 crore via bonds

Indian Bank has successfully raised further Rs 110 crore under Basel III Compliant Tier 2 Bonds on November 06, 2018, with a coupon rate of 8.85% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The rating agency, CRISIL assigned ‘AAA/Stable’ rating ... Read More »

DHFL raises funds worth Rs 1250 crore via NCDs

Dewan Housing Finance Corporation (DHFL) has raised funds worth Rs 1250 crore. The Members of the Finance Committee of the Board of Directors at their meeting held on November 2, 2018 allotted 12500 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each. DHFL is one of India’s ... Read More »

CreditAccess Grameen raises Rs 95 crore through ECB

CreditAccess Grameen has raised External Commercial Borrowing (ECB) of Rs 95 crore from International Finance Corporation (IFC) on October 31, 2018. This is the first ECB transaction after Listing of the company’s shares on BSE & NSE. CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on ... Read More »

PNB Housing Finance raises Rs 2,450 crore through CPs

PNB Housing Finance has successfully raised Rs 2,450 crore through Commercial Papers (CPs). This is in addition to Rs 1,775 crore raised earlier in October totalling to Rs 4,225 crore of CPs raised in October 2018. The CPs were placed with various Mutual Funds and Banks. PNB Housing Finance is ... Read More »

Shriram Transport Finance raises Rs 300 crore via bonds

Shriram Transport Finance Company has raised funds worth Rs 300 crore through issuance of bonds. The issue comprises three tenor bonds of three, five and ten years, offering a coupon in the range 9.12% to 9.70%. Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and ... Read More »

Indian Bank raises Rs 290 crore via bonds

Indian Bank has successfully raised funds worth Rs 290 crore under Basel III Compliant Tier 2 Bonds on October 30, 2018 with a coupon rate of 8.90% p.a., tenor at 10 years and call option after completion of 5 years, on private placement basis. The credit rating agency, CRISIL has ... Read More »

PNB Housing Finance raises Rs 1,775 crore via CP

PNB Housing Finance has successfully raised funds worth Rs 1,775 crore through Commercial Papers (CP) in October 2018. The CPs are placed to various Mutual Funds and Banks. The company would continue to maintain its overall borrowing through CPs at around 12-13% compared to 19% as of March 31, 2018. ... Read More »

Axis Bank raises $50 million under GMTN Programme

Axis Bank has raised $50 million under the GMTN Programme through its Dubai International Financial Centre (DIFC) branch. The settlement took place on October 16, 2018. The Notes will be consolidated and form a single series with the $250,000,000 3.25% Notes due 2020 issued on March 11, 2015 and the ... Read More »

IIFL Holdings’ arm raises Rs 1,000 crore from NHB

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 »

L&T Finance Holdings raises funds worth Rs 250 crore

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 »

Future Consumer raises funds worth Rs 50 crore via NCDs

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 »

Future Enterprises raises Rs 300 crore on private placement basis

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 »

Indiabulls Housing Finance raises Rs 350 crore via NCDs

Indiabulls Housing Finance has raised funds aggregating to Rs 350 crore through allotment of its seventh tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each. The date of allotment is October 04, 2018. Indiabulls Housing Finance is the second largest private housing finance company in ... Read More »

Government raises Fair & Remunerative price of Sugarcane

The government has increased the fair and remunerative price (FRP) of sugarcane by Rs 20 per quintal to Rs 275 for the forthcoming 2018-19 sugar season, beginning October. The decision on FRP was taken at Cabinet Committee on Economic Affairs meeting. The FRP is the minimum guaranteed price that farmers ... Read More »