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NCDs

Kalpataru Projects International ups fund limit via NCDs to Rs 1,600 cr

Kalpataru Projects International Ltd (KPIL) on Tuesday said its board has approved a proposal to increase the fundraising limit to Rs 1,600 crore through the issuance of NCDs. To date, the company has an outstanding non-convertible debentures (NCDs) of Rs 1,298 crore. "The board of directors has inter-alia approved the proposal for setting up of fund raising limit by way of issuance of secured/unsecured redeemable NCDs by the company up to Rs 1,600 crore (principal amount) outstanding at any point of time (inclusive of current NCDs amounting to Rs 1,298 crore) and has authorized the Executive Committee of the Board of Directors for the same,' KPIL said in an exchange filing. KPIL is a diversified engineering and construction company engaged sectors like power, oil and gas, urban mobility among others.

Kalpataru Projects International ups fund limit via NCDs to Rs 1,600 cr
Updated On : 09 Jul 2024 | 5:10 PM IST

Vedanta's share price surges 4% after raising Rs 2,500 cr via NCDs

Shares of Vedanta 3.6 per cent at Rs 458.75 on the BSE in Friday's intraday deals

Vedanta's share price surges 4% after raising Rs 2,500 cr via NCDs
Updated On : 28 Jun 2024 | 12:00 PM IST

Board of Aptus Value Housing gives nod to issue NCDs up to Rs 2,250 cr

The Board of housing finance company Aptus Value has approved the issuance of Non-Convertible Debentures up to Rs 2,250 crore, the Chennai-based company said on Saturday. Aptus Value Housing Finance India Ltd recorded a 22 per cent hike in its profit after tax for the year ending March 31, 2024, at Rs 612 crore as compared to Rs 503 crore registered in the same period of last year. Disbursements made during the financial year ending March 31, 2024, grew by 31 percent to Rs 3,127 crore as compared to Rs 2,395 crore, made during the same period of last year. In a BSE filing on Saturday, the company said, "The Board has considered and approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 2,250 crore through private placements, in one or more tranches or series (subject to the approval of shareholders) from time to time". Aptus Value Housing Finance India Ltd currently has a network of 262 branches with over 1.33 lakh active accounts in Tamil Nadu, Puducherry,

Board of Aptus Value Housing gives nod to issue NCDs up to Rs 2,250 cr
Updated On : 04 May 2024 | 7:48 PM IST

NHPC board approves proposal for raising Rs 6,100 cr funds through NCDs

State-owned NHPC on Wednesday said its board has approved a proposal to raise Rs 6,100 crore in debt in 2024-25. The Board of Directors of NHPC in its meeting held on Wednesday considered and approved the proposal for raising of debt up to Rs 6,100 crore during 2024-25 through non-convertible Corporate Bonds in one or more tranches on private placement basis, term loans or external commercial borrowing in tranches, a BSE filing said. Further, the Board of Directors in the meeting has also given its in-principle approval for closure of Loktak Downstream Hydroelectric Corporation Limited (a Subsidiary Company of NHPC Limited and Joint Venture with Govt. of Manipur), subject to the approval of DIPAM, Ministry of Power and Govt. of Manipur, it stated.

NHPC board approves proposal for raising Rs 6,100 cr funds through NCDs
Updated On : 27 Mar 2024 | 11:32 PM IST

Adani Ports raises Rs 500 crore by issuing NCDs on private placement basis

Adani Ports and Special Economic Zone (APSEZ) on Tuesday raised Rs 500 crore by issuing non-convertible debentures on private placement basis. Billionaire Gautam Adani's firm in a regulatory filing said it has accepted bids aggregating to Rs 500 crore for two listed bonds, with one maturing in five years and the other in 10 years. "The company raised Rs 500 crore today i.e. January 9, 2024 by allotment of 50,000 rated, secured, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,00,000/ each on private placement basis," it said. The NCDs will be listed on the wholesale debt market segment of BSE. APSEZ is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast and as many ports and terminals on the east coast, representing 26 per cent of the country's total port volumes.

Adani Ports raises Rs 500 crore by issuing NCDs on private placement basis
Updated On : 09 Jan 2024 | 3:52 PM IST

NBFC lender 360 One Prime to raise Rs 1,000 cr from reedemable NCDs

Non-banking financial company 360 One Prime, formerly IIFL Wealth, on Monday said it will raise up to Rs 1,000 crore debt through its maiden public issue of secured, redeemable, Non-Convertible Debentures (NCDs). The first tranche of the issue, which will be listed on the BSE, will open for subscription on January 11, with a base issue size of Rs 200 crore and an option to retain over-subscription of up to Rs 800 crore, the company in a statement said. The proceeds from the issue will be used for onward lending, financing/refinancing existing debt and interest payment of existing borrowings and other general corporate purposes. The company offers a coupon rate of 8.91-9.66 per cent per annum, depending on the tenor -- 18, 24, 36, and 60 months with monthly and annual interest payment options across eight series -- Karan Bhagat, Founder, and Chief Executive of the company, said. 360 One Prime is a wholly-owned subsidiary of 360 One WAM, which was formerly known as IIFL Wealth ...

NBFC lender 360 One Prime to raise Rs 1,000 cr from reedemable NCDs
Updated On : 08 Jan 2024 | 4:30 PM IST

Muthoot Finance to raise up to Rs 1,000 crore capital through NCDs

Gold loan focused non-bank lender Muthoot Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured, redeemable non-convertible debentures. The fresh non-convertible debentures (NCDs), which is the 33rd public issue of the largest gold loan financier with over Rs 60,000 crore of loan outstanding, has a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 900 crore. The issue opens on January 8 and closes on January 19 with an option to close on such earlier date or extended date as may be decided by the board, the Kochi-based company said in a statement. The NCDs, which have been rated AA+ (stable) by Crisil and Icra, will be listed on the BSE post allotment. The issuer is offering seven investment options for the NCDs with monthly or annual interest payment frequency or on maturity redemption with interest rate ranging from 8.75-9 per cent per annum, the company's managing director George Alexander Muthoot said.

Muthoot Finance to raise up to Rs 1,000 crore capital through NCDs
Updated On : 02 Jan 2024 | 7:09 PM IST

Vedanta board approves raising of Rs 3,400 cr NCD for refinancing purposes

These would be secured, Unrated, Unlisted, Redeemable, NCDs of face value Rs 1,00,000/- each aggregating upto Rs 3,400 crore in one or more tranches, the company said

Vedanta board approves raising of Rs 3,400 cr NCD for refinancing purposes
Updated On : 19 Dec 2023 | 7:00 PM IST

Sebi likely to allow non-convertible debentures with lower face value

Further, these issuances will only be interest or dividend-bearing instruments with a simple structure

Sebi likely to allow non-convertible debentures with lower face value
Updated On : 10 Dec 2023 | 10:08 PM IST

Tata Projects to raise up to Rs 750 cr via non-convertible debentures

TPL raised two subordinated NCDs of Rs 500 crore each in FY22 and FY23, which have a redemption tenure of six and half years and six years, respectively

Tata Projects to raise up to Rs 750 cr via non-convertible debentures
Updated On : 10 Dec 2023 | 8:33 PM IST

Arka Fincap aims to raise Rs 300 crore via non-convertible debentures

Due to surging unsecured loans like personal loans and those on credit cards, the RBI increased the risk weighting for such loans from 100 per cent to 125 per cent

Arka Fincap aims to raise Rs 300 crore via non-convertible debentures
Updated On : 05 Dec 2023 | 5:22 PM IST

PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth

PNB Housing Finance on Friday said its board has approved a proposal to raise Rs 3,500 crore via non-convertible debentures (NCDs) to fund business growth. The NCD will be raised on a private placement basis, PNB Housing Finance said in a regulatory filing. The fund will be raised in tranches over the next six months, it said.

PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth
Updated On : 24 Nov 2023 | 7:51 PM IST

Medium & small NBFCs may require debt funding worth Rs 2.2 trn: ICRA

The capital profile of the larger NBFCs has improved after FY 2019 as the growth slowed down

Medium & small NBFCs may require debt funding worth Rs 2.2 trn: ICRA
Updated On : 20 Nov 2023 | 6:06 PM IST

Incred Finance plans to raise Rs 300 crore via non-convertible debentures

The company plans to allocate 75 per cent of the net proceeds for purposes such as onward lending, financing and the repayment of existing borrowings, including interest and principal

Incred Finance plans to raise Rs 300 crore via non-convertible debentures
Updated On : 13 Oct 2023 | 9:40 PM IST

Edelweiss Financial Services to raise up to Rs 200 crore via NCDs

At least 75% of the funds raised will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company

Edelweiss Financial Services to raise up to Rs 200 crore via NCDs
Updated On : 04 Oct 2023 | 1:16 PM IST

Aditya Birla Finance aims to raise Rs 2K cr via non-convertible debentures

The NCDs are divided into three maturity options of three years, five years, and 10 years

Aditya Birla Finance aims to raise Rs 2K cr via non-convertible debentures
Updated On : 25 Sep 2023 | 7:25 PM IST

Aditya Birla Finance to raise up to Rs 2K cr through maiden issue of NCDs

The NCDs will be issued with tenor options of three, five, or ten years offered with 'monthly', 'annual' or 'cumulative' interest payment frequency

Aditya Birla Finance to raise up to Rs 2K cr through maiden issue of NCDs
Updated On : 25 Sep 2023 | 3:17 PM IST

DLF's rental arm DCCDL raises Rs 1,100 cr through issue of debentures

DLF's rental arm DCCDL has raised Rs 1,100 crore through issuance of non-convertible debentures on a private placement basis. In a regulatory filing on Thursday, DLF informed that the DLF Cyber City Developers Ltd (DCCDL) board has approved the allotment of debentures. DCCDL said that the securities allotment committee of the Board of Directors has approved the allotment of 1,10,000 senior, listed, rated, secured, redeemable, transferable, rupee-denominated NCDs (Non Convertible Debentures) of the face value of 1 lakh each on a private placement basis to eligible investor(s). The size of the issue is Rs 1,100 crore. These NCDs will be listed on the BSE. The coupon rate is 8.25 per cent per annum. The maturity is August 17, 2033. DCCDL is a joint venture between DLF and Singapore sovereign wealth fund GIC. DLF holds a 66.67 per cent stake while the GIC has a 33.33 per cent stake in the DCCDL. DLF holds the bulk of its rental assets (offices and shopping malls) through DCCDL. DCCD

DLF's rental arm DCCDL raises Rs 1,100 cr through issue of debentures
Updated On : 21 Sep 2023 | 11:14 PM IST

Vedanta board approve raising Rs 2,500 crore in non-convertible debentures

These would be raised in the form of secured, unrated, unlisted, redeemable NCDs in one or more tranches, the company said

Vedanta board approve raising Rs 2,500 crore in non-convertible debentures
Updated On : 21 Sep 2023 | 8:23 PM IST

Cube Highways Trust secures Rs 1,030 cr funding from IFC via long-term NCDs

The funds raised through this deal will be utilised for a special purpose vehicle (SPV) owned by Cube Highways Trust

Cube Highways Trust secures Rs 1,030 cr funding from IFC via long-term NCDs
Updated On : 29 Jun 2023 | 4:37 PM IST