United Spirits said CRISIL has revised its outlook on the long term bank facilities and non convertible debentures of United Spirits (USL) to 'Positive' from 'Stable' while reaffirmed the rating at 'CRISIL AA+'. The short term rating and commercial paper has been reaffirmed at 'CRISIL A1+'. The outlook revision reflects the expectation of improvement in USL's credit profile, commensurate with better cash accrual and leverage over the medium term.
Chalet Hotels (Chalet) said it has entered into five new agreements extending their collaboration with Marriott International Inc. Under the agreement, Chalet would build hotels & extend contracts across brands such as W, Westin & Marriott Executive Apartment in Hyderabad & Mumbai.
Piramal Enterprises said the Company approved the allotment of 16,000 secured, rated, unlisted, redeemable nonconvertible debentures each having a face value of Rs 10,00,000/-, aggregating to Rs 1,600 crore on private placement basis.
RBL Bank approved the issue and allotment of 19,835,610 equity shares of face value of Rs 10 each on preferential basis at a price of Rs 340.70 per equity share (including a premium of Rs 330.70 per Equity Share), aggregating to Rs 675.79 crore.
NHPC said it has approved the proposal for raising of debt upto Rs 2000 crore during FY 2019-20 through issuance of secured, redeemable, taxable, noncumulative, non-convertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans I external commercial borrowings (ECB) in suitable tranches.
PTC India Financial services (PFS) said it has received sanction of fresh long term loan of Rs 500 crore for a period of ten years at interest rate of 8.50% per annum for onward lending to infrastructure projects and other operational requirements.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
