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NCD

Have restrained ourselves from taking SFB route: CreditAccess Grameen MD

Hebbar tells that it is diversifying its loan portfolio by increasing the share of non-micro loans and the liability book by raising funds internationally

Have restrained ourselves from taking SFB route: CreditAccess Grameen MD
Updated On : 12 May 2024 | 10:56 PM IST

Motilal Oswal Financial Services to raise up to Rs 1,000 cr via NCDs

Motilal Oswal Financial Services on Monday said it plans to raise up to Rs 1,000 crore by issuing non-convertible debentures (NCDs) through public issue. The company proposes to raise through the Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 500 crore (Base Issue Size), with a green shoe option of up to Rs 500 crore, cumulatively aggregating up to Rs 1,000 crore. There are eight series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and at maturity interest options. Effective annual yield for NCDs ranges from 8.85 per cent to 9.70 per cent per annum, Motilal Oswal Financial Services said in a regulatory filing. At least 75 per cent of the funds raised through this issue will be used for the purpose of meeting working capital requirement and repayment of existing liabilities and the balance amount would be utilised for general corporate purposes

Motilal Oswal Financial Services to raise up to Rs 1,000 cr via NCDs
Updated On : 15 Apr 2024 | 7:40 PM IST

Edelweiss Financial's Rs 200 cr NCD issue opens, to have 9-10.5% yield

Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options, Edelweiss Financial Services said in a statement. "Edelweiss Financial Services has announced the opening of the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 1,000 million (base issue size), with a greenshoe option of up to Rs 1,000 million (Rs 100 crore), cumulatively aggregating up to Rs 2,000 million (Rs 200 crore)," it said. At least 75 per cent of the funds raised through the issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company and the balance .

Edelweiss Financial's Rs 200 cr NCD issue opens, to have 9-10.5% yield
Updated On : 08 Apr 2024 | 3:55 PM IST

TVS Holdings to raise up to Rs 650 crore through NCDs next fiscal

Auto component firm TVS Holdings on Thursday said its board has approved a proposal to raise up to Rs 650 crore next fiscal through non-convertible debentures. The company's board also declared an interim dividend of Rs 94 per share of Rs 5 each, absorbing a sum of Rs 190 crore in the current fiscal. TVS Holdings, formerly known as Sundaram Clayton, is one of the largest auto components manufacturing and distribution groups in the country. It is a leading supplier of aluminium die castings to the automotive and non-automotive sector. Shares of the company on Thursday ended 2 per cent up at Rs 8,098 apiece on the BSE.

TVS Holdings to raise up to Rs 650 crore through NCDs next fiscal
Updated On : 21 Mar 2024 | 7:20 PM IST

Tata Steel plans to raise up to Rs 2,700 crore capital through debentures

Tata Steel on Tuesday said a board committee has approved raising of up to Rs 2,700 crore through debentures. "The Committee of Directors (constituted by the Board of Directors of Tata Steel Ltd), at its meeting held today i.e., March 19, 2024, considered and approved the issue of NCDs," the steel major said in a regulatory filing. The date of allotment of non-convertible debentures (NCDs) is March 27 and its maturity date is March 26, 2027. Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum. Shares of the company declined 0.64 per cent to Rs 148.65 apiece on the BSE.

Tata Steel plans to raise up to Rs 2,700 crore capital through debentures
Updated On : 19 Mar 2024 | 10:05 PM IST

Manappuram Finance to raises Rs 6,000 crore capital through NCDs in FY25

Gold loan financier Manappuram Finance on Tuesday said it has received board approval to issue redeemable non-convertible debentures (NCDs) up to the overall limit of Rs 6,000 crore by way of private placement or public issue in one or more tranches to meet business growth. This is the fundraise plan for the financial year 2024-25. Besides, the board has also approved the issuance of secured, non-cumulative, redeemable, listed, rated, non-convertible taxable debentures for an aggregate amount of Rs 25 crore on a private placement basis, the company said in a regulatory filing.

Manappuram Finance to raises Rs 6,000 crore capital through NCDs in FY25
Updated On : 19 Mar 2024 | 7:55 PM IST

IFC purchases Rs 1,250 crore worth sustainability-linked Grasim NCDs

Grasim Industries on Tuesday said the International Finance Corporation (IFC) has subscribed to its first sustainability-linked non-convertible debentures (NCDs) worth Rs 1,250 crore. The NCDs will support the company's investment in paint manufacturing, and help accelerate its decarbonisation drive through increased adoption of renewable energy and water recycling in the paint manufacturing process, the AB Birla group company said in a statement. The IFC has subscribed to the first sustainability-linked NCDs worth Rs 1,250 crore issued by Grasim Industries, as per a statement. Recently, the Aditya Birla group entered the decorative paints segment with Birla Opus, and had set a target of becoming a Rs 10,000-crore company within three years of full-scale operations. Grasim will work collaboratively with the IFC to "further enhance our sustainability footprints as it transitions to a low-carbon economy through renewable projects and energy-efficient products", thus aligning its ...

IFC purchases Rs 1,250 crore worth sustainability-linked Grasim NCDs
Updated On : 19 Mar 2024 | 5:48 PM IST

IIFL Finance to raise $242 mn via rights basis, non-convertible debentures

The company will raise the funds through the issue of shares on rights basis and non-convertible debentures via a private placement, it said in an exchange filing

IIFL Finance to raise $242 mn via rights basis, non-convertible debentures
Updated On : 13 Mar 2024 | 5:14 PM IST

Sebi bars JM Financial from acting as lead manager of debt issue

Shares of JM Financial tanked by 20 per cent following the RBI order on Wednesday. Later, the stock recouped the bulk of the losses

Sebi bars JM Financial from acting as lead manager of debt issue
Updated On : 07 Mar 2024 | 11:03 PM IST

Torrent Power raises Rs 700 crore through non-convertible debentures

Torrent Power on Wednesday said it has raised Rs 700 crore through Non-Convertible Debentures (NCDs) issued on a private placement basis. The NCDs are proposed to be listed on wholesale debt market segment of the NSE, a regulatory filing said. According to the statement, the company has issued and allotted Series 13 -- 70,000 secured, rated, listed, taxable, non-cumulative, redeemable NCDs of Rs 700 crore at a coupon rate of 8.32 per cent per annum on a private placement basis. The first coupon will be paid on February 28, 2025 and subsequent coupon payments will be made on an annual basis, the statement added.

Torrent Power raises Rs 700 crore through non-convertible debentures
Updated On : 28 Feb 2024 | 7:48 PM IST

Tata Capital to raise Rs 20K crore via NCDs to boost core lending biz

Tata's Financial Services arm plans to launch NCDs as demand for retail loan rises

Tata Capital to raise Rs 20K crore via NCDs to boost core lending biz
Updated On : 13 Feb 2024 | 11:21 PM IST

IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig

IndiGrid has announced the acquisition of 100 per cent of ReNew Solar Urja Private Limited (RSUPL). The deal is expected to be valued at Rs 1,650 crore

IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig
Updated On : 12 Feb 2024 | 11:14 PM IST

Brookfield India Real Estate Trust to distribute Rs 209 cr to unitholders

Brookfield India Real Estate Trust on Monday reported an 89 per cent growth in net operating income to Rs 453.4 crore and declared distribution of Rs 208.56 crore for the December quarter. The distribution comprises Rs 97 crore at Rs 2.21 per unit in the form of interest payment on shareholder loan, Non-Convertible Debentures (NCDs) and Compulsory Convertible Debentures (CCDs), Rs 108.89 crore at Rs 2.48 per unit in the form of repayment of Special Purpose Vehicles (SPV) debt and NCD and the balance Rs 2.63 crore at Rs 0.06 per unit in the form of interest on fixed deposit. In a regulatory filing, the company said it will distribute Rs 208.56 crore at Rs 4.75 per unit to unit holders for the December quarter. The company's net profit declined to Rs 16.57 crore during the quarter from Rs 24.68 crore in the year-ago period. Total income, however, rose to Rs 561.13 crore during the October-December period from Rs 309.34 crore in the corresponding period of the previous year. On ...

Brookfield India Real Estate Trust to distribute Rs 209 cr to unitholders
Updated On : 12 Feb 2024 | 7:12 PM IST

SBI Card raises Rs 525 crore via issuance of non-convertible debentures

SBI Card on Wednesday said it has raised up to Rs 525 crore by issuing non-convertible debentures to fund its business growth. It will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis, according to a regulatory filing. They will have a face value of Rs 1 crore each and carry a coupon rate of 8.33 per cent, it said.

SBI Card raises Rs 525 crore via issuance of non-convertible debentures
Updated On : 24 Jan 2024 | 7:50 PM IST

Indel Money aims IPO in FY27, floats debentures worth Rs 200 crore

Gold loan company Indel Money, which aims at initial public offering (IPO) in 2026-27, on Tuesday announced public issue of debentures worth Rs 200 crore. The fourth public issue of secured, redeemable non-convertible debentures (NCDs) of Rs 1,000 face value would open for subscription on January 30 and offers highest rate option of 12.25 per cent for 72 months. The issue includes a base size for an amount of up to Rs 100 crore with an option to retain over-subscription up to Rs 100 crore aggregating up to Rs 200 crore. Asked as to why public offer of NCDs, Indel Money CEO Umesh Mohanan said, "this is in anticipation for IPO that we are targeting in 2026-27". The funds raised through NCD issue will be used for the purpose of onward lending, financing and for repayment/prepayment of principal and interest on borrowings of the company, he said. "Our business strategy is designed to capitalize on our competitive strengths to enhance our position in the gold loan industry and to expan

Indel Money aims IPO in FY27, floats debentures worth Rs 200 crore
Updated On : 23 Jan 2024 | 5:22 PM IST

Indel Money launches fourth public issue of NCDs, aims to raise Rs 200 cr

The company had launched three public issues of NCDs since 2021 and raised more than Rs 260 crore

Indel Money launches fourth public issue of NCDs, aims to raise Rs 200 cr
Updated On : 17 Jan 2024 | 8:01 PM IST

360 ONE Prime aims to raise Rs 1,000 cr through non-convertible debentures

As of March 2023, the company's assets under management stood at Rs 4,927 crore, and the net profit stood at Rs 234.52 crore. The total revenue of the company stood at Rs 673.66 crore

360 ONE Prime aims to raise Rs 1,000 cr through non-convertible debentures
Updated On : 08 Jan 2024 | 6:48 PM IST

ONGC Videsh to raise upto Rs 5,000 cr via debentures to fund capex, assets

The operational linkages are driven by companies operating in the same segment, with OVL being essential to ONGC for providing ownership in international oil and gas-producing assets

ONGC Videsh to raise upto Rs 5,000 cr via debentures to fund capex, assets
Updated On : 24 Dec 2023 | 7:57 PM IST

Adani Ports to raise $600 million through non-convertible debentures

The company, which operates 13 ports and terminals in the country including its largest container handling port

Adani Ports to raise $600 million through non-convertible debentures
Updated On : 12 Dec 2023 | 10:32 PM IST

Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs

Infrastructure major Larsen and Toubro (L&T) on Thursday said it has raised Rs 1,500 crore through Non-Convertible Debentures (NCDs). The debentures are proposed to be listed on the National Stock Exchange, L&T said in a regulatory filing. "The company has today (Thusrday) issued and allotted 1,50,000 rated, listed, unsecured, redeemable, non-convertible debentures of Rs 1 lakh each aggregating to Rs 1,500 crore maturing on May 2, 2025," it said. The NCDs have been issued at a coupon rate of 7.58 per cent. Larsen & Toubro is an Indian multinational engaged in EPC (engineering, procurement and construction) projects, hi-tech manufacturing and services. It operates in over 50 countries.

Larsen & Toubro raises Rs 1,500 crore funds through sale of 150,000 NCDs
Updated On : 02 Nov 2023 | 8:17 PM IST