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India Inc takes swap route to beat FCCB redemption blues21-NOV-09
Indian companies have discovered a new path to beat the redemption pressure on their Foreign Currency Convertible Bonds (FCCBs). They are swapping the old FCCBs, which had high conversion premium, with new bonds at a much lower rate.
REI Agro raises $105 mn through FCCBs13-NOV-09
Rice processing and marketing firm REI Agro today said it has raised $105 million (about Rs 486 crore) through the issue of convertible bonds in the international market.
Tata Steel offers to swap $875 mn of securities13-NOV-09
Approves conversion of existing securities into FCCBs.
India Inc prefers other sources to bank funds09-NOV-09
Bank credit fell sharply in the first half of the financial year, but the overall funds flow to the corporate sector was virtually the same as the corresponding period last year.
Tata Power to raise $250 mn via FCCBs06-NOV-09
Tata Power today said it plans to raise $250 million (Rs 1,170 crore) by issuing foreign currency convertible bonds (FCCBs).
L&T raises $600 million through QIP, FCCB09-OCT-09
The proceeds will be used to fund expansion plans.
Amtek Auto raises Rs 360cr from FCCBs30-SEP-09
Delhi-based auto component player Amtek Auto announced today that the company has raised an additional $75 million (Rs 360 crore) through 5.625 per cent Foreign Currency Convertible Bonds (FCCB).
FCCBs regain currency; 4 firms raise $702 mn in four days26-SEP-09
After a year’s lull, foreign currency convertible bonds (FCCBs) are regaining currency. In the past four days, four companies have announced plans to raise $702 million (around Rs 3,370 crore) through FCCBs.
Welspun-Gujarat to raise $150 mn via FCCBs25-SEP-09
Metal pipe manufacturer Welspun-Gujarat Stahl Rohren today said it will raise $150 million (nearly Rs 720.2 crore) by way of foreign currency convertible bonds (FCCBs) issue.
Geodesic close to acquiring social networking firm01-SEP-09
Mumbai-based Geodesic, a provider of communication, information and entertainment products on mobile phones and internet, is close to acquiring a firm in the communication and social networking space.
India Inc back on GDR expressway22-JUL-09
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million.
Suzlon Energy raise $202 mn via GDRs, FCCBs21-JUL-09
Wind power major Suzlon Energy has raised $201.91 million (about Rs 971 crore) by issuing securities in the global markets.
Jaiprakash Hydro to raise Rs 1,500 cr05-JUL-09
Jaiprakash Hydro Power Ltd (JHPL) — a subsidiary of Jaiprakash Associates Ltd — will raise up to Rs 1,500 crore through issue of financial securities in the market and merge Jaiprakash Power Ventures Ltd with itself, according to a statement released by the company to the Bombay Stock Exchange.
Strides Arcolab buys back $20 million FCCBs02-JUL-09
The company had raised $40 million during 2005 and subsequently had raised $100 million during 2007 from a clutch of hedge funds.
Suzlon: No tailwinds yet30-JUN-09
A weak order book and a challenging environment could leave Suzlon's sales flat in the current year.
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