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. PNB Housing Finance is a … Read more
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 $500,000,000 325% Notes due 2020 … 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 ECB through automatic route. IIFL … 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 of India) at an Issue … 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 12, 2018. L&T Finance Holdings … 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 of CDC Group plc, UK’s … 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 of the company at their … Read more
