Sebi imposes Rs 25 cr penalty on Ambani brothers and others

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

Aavas Financiers to raise Rs 100 cr by issuing bonds

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

Govt eases credit guarantee scheme norms to ensure more liquidity for stressed NBFCs/HFCs

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