Muthoot FinCorp Limited has announced XVI Tranche III series of secured, redeemable, non-convertible debentures (NCDs) to raise up to Rs 300 crore, which is within the issue size of Rs 1,100 crore. The third tranche amounts to Rs 75 crore, with a green-shoe option of Rs 225 crore, aggregating up to Rs 300 crore (Tranche … Read more
Mumbai: Muthoot FinCorp plans to raise up to ₹400 crore through the issuance of secured, redeemable, non-convertible debentures with varying tenures. “The Tranche I Issue with a face value of ₹1,000 has been open to the public from Friday, September 1 till Thursday, September 14, 2023, subject to an early closure as may be approved … Read more
Bengaluru-based CreditAccess Grameen‘s redeemable Non-Convertible Debentures (NCD) tranche II will open for subscription on Thursday, August 24. The coupon rate is up to 9.70% p.a. with effective yield up to 10.13% p.a., the company said in its filing to the exchanges. The issue ends on September 6, 2023. The base size of the NCD issue … Read more
New Delhi: Employers can now utilise the TAWS-16 tool, developed by the National Institute of Mental Health and Neurological Sciences (Nimhans), to gauge employee work-related stress. TAWS-16 is the first instrument in India to solely assess work-related stress, despite the fact that several businesses are already evaluating their employees’ stress levels in a variety of … Read more
By Ajay Singh Chauhan The rhythmic sound of a beating heart is the best thing that a cardiologist wants to hear. Yet, for many cardiac patients, the path to that constant rhythm is far from steady. It is paved with many iterative technological innovations built on scientific technology and exciting medical disruptions. Research shows that … Read more
With the aim of increasing participation, the Securities and Exchange Board of India (Sebi) on Friday reduced the face value of debt securities, including non-convertible debentures, issued on a private placement basis to Rs 1,00,000 from Rs 10,00,000 earlier. The capital market regulator received requests from various market participants with respect to the reduction in … Read more
Mumbai: The Securities and Exchange Board of India(Sebi) has imposed a total penalty of Rs 25 crore on current and former promoters of Reliance Industries Ltd (), including Mukesh Ambani, Anil Ambani, their mother, spouses and children, other family members and entities linked to them for alleged violation of takeover rules. In January 2000, RIL … Read more
New Delhi: Aavas Financiers Ltd on Friday said its board of directors has approved raising Rs 100 crore by issuing bonds on a private placement basis. The Executive Committee of the board at its meeting held on Friday approved the issuance of rated, listed, senior, secured, redeemable, non-convertible debentures aggregating to Rs 100 crore, the … Read more
The maximum amount of guaranteed emergency credit line (GECL) funding under the scheme would also correspondingly increase from Rs 5 crore at present to Rs 10 crore. With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Partial Credit Guarantee Scheme (PCGS) for … Read more