Leading jeweller Tribhovandas Bhimji Zaveri or TBZ Original on Friday clarified that it is in no way connected with Tribhovandas Bhimji Zaveri & Sons Retail, which is facing bankruptcy proceedings. The company, also known as TBZ-The Original, in a BSE filing said it is neither connected nor does have any relation with Tribhovandas Bhimji Zaveri & Sons Retail Pvt Ltd, which has gone into insolvency proceedings, nor do its promoters or the management hold any shares in the bankrupt jeweller. TBZ-The Original has actor Sara Ali Khan endorsing its brands, and is promoted by industry veteran Shrikant Zaveri, the filing said. This clarification came in after the resolution professional of Tribhovandas Bhimji Zaveri & Sons Retail put up a public notice on December 16 seeking claims from lenders and non-financial creditors.
Post process, the effective date of listing for the commercial paper at the exchange will be December 23, the BSE said in a statement
Company executives said they would evaluate several funding streams, including the bond market
The effective date for listing of the commercial paper at the exchange is December 17, the exchange said in a media release
Leading stock exchange BSE on Thursday said SBI Cards & Payments Services has made an application to list commercial paper for an issue size of Rs 400 crore. Post process, the effective date of listing for the commercial paper at the exchange will be December 13, BSE said in a statement. With this, the number of companies listing their commercial paper (CP) on BSE BONDS platform will reach eight since the stock exchange came out with the framework for listing of such instruments late last month. Also, the funds raised by these firms will reach Rs 9,270 crore. Listing of CPs is expected to lead to efficient transmission of information regarding corporate borrowings and liquidity positions to market participants. Besides, it will contribute effectively towards development of the commercial paper market and is expected to have a positive effect on the debt capital market. Commercial paper is an unsecured money market instrument issued in the form of promissory notes that enables ...
The stock opened lower on the BSE and slumped further by 19.48% to Rs 40.70 ion day trade
Bharat Bond ETF would be the first corporate bond exchange-traded fund in the country
Strong box office collections, good growth in F&B sales and reasonable valuations point to healthy upsides despite sharp run up
Digital capabilities are expected to improve growth at a lower cost following the bank's focus on 'One Bank One RoE'
Shares of the company were trading at Rs 146.50 apiece up by 3.72 per cent over the previous close in BSE
The company had sold 406,930 units in the same month a year-ago
The exchange will sell 41.8 lakh equity shares, representing 4 per cent of its stake in CDSL through offer for sale route, according to information available with the NSE
ABFL is a well-diversified non-banking finance company (NBFC) with a long-term credit rating of AAA (stable) from both ICRA as well as India Ratings
Companies, NBFCs, other entities with a networth of at least Rs 100 crore and any other other security specifically allowed by Reserve Bank of India (RBI) are eligible to list commercial papers.
The 30-share BSE Sensex closed 529.82 points higher or 1.31 per cent at 40,889.23. During the trade, it zoomed 572.3 points to 40,931.71, its record intra-day high.
The Reserve Bank of India (RBI) in its various measures to encourage retail participation has extended access to primary auctions to SDLs.
Edelweiss Financial Services Ltd and Axis Capital will manage the company's initial share-sale. Shares of the company will be listed on the BSE and NSE.
Will sell 16.5% stake and retain 5.9%; promoters to retain management control
The entire modus operandi of the case was first allot shares of the company on a preferential basis
BSE has recently developed a 'real time price movement' chart with correlation to market rumors