Page 6 - Non-convertible Debentures

Shriram Transport to raise Rs 5k cr in second half of FY23 to fund growth

Most of the fund-raising is likely to be via non-convertible debentures with a maturity of three years, Umesh Revankar, managing director of STFC added.

NTPC to raise Rs 2,000 crore through issuance of non-convertible debentures

State-owned power giant NTPC will raise Rs 2,000 crore through issuance of non-convertible debentures on a private placement basis on Thursday. The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing. The company has decided to issue unsecured non-convertible debentures of Rs 2,000 crore on August 25, 2022, through private placement at a coupon of 7.44 per cent per annum with a door-to-door maturity of 10 years, it added. The debentures are proposed to be listed on NSE.

Torrent Power to seek shareholders approval for raising Rs 2,000 cr

Company seeks the Members' approval for issuance of NCDs upto an aggregate amount of Rs 2,000 crore, within overall approved borrowing limit of the Company as a Special Resolution, stated AGM notice.

HDFC to raise up to Rs 5k cr this week via bonds on a pvt placement basis

The secured redeemable non-convertible debentures (NCDs) will bear interest rate at 7.77 per cent, payable annually and has a tenor of 4 years 11 months and 10 days, HDFC said in a regulatory filing.

Future Enterprises defaults on Rs 6.15 cr interest payment for NCDs

The due date for payment was June 29, 2022, FEL said in a regulatory filing on Thursday

Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds

Infopark Properties will own 100% of shareholding in TRIL Infopark Ltd which operates the asset Intellion Park, Chennai, spread over an area of 4.6 mn sq ft

Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs

Earlier this week, FEL defaulted twice on interest payments of Rs 85.71 lakh and Rs 6.07 crore for its non-convertible debentures.

Crompton Greaves Consumer Electricals to raise Rs 925 cr via NCDs

Crompton Greaves Consumer Electricals Ltd on Monday said it plans to raise long-term funds up to Rs 925 crore through the issuance of non-convertible debentures on a private placement basis

Future Enterprises defaults on Rs 1.41 cr interest payment for NCDs

The latest default is on the interest of securities issued for a sum of Rs 29 crore

Vedanta to raise up to Rs 4,089 cr via non-convertible debentures

Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis.

Vedanta's panel of directors to consider raising up to Rs 4,100 cr via NCDs

Vedanta Ltd on Wednesday said a committee of its directors will meet this week to consider raising up to Rs 4,100 crore via debentures.

Is the golden period of retail inflows ending? Watch out for these factors

Jefferies highlights four factors that historically have influenced retail investor sentiment

JK Cement plans to raise up to Rs 500 cr via non-convertible debentures

JK Cement Ltd plans to raise up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis in one or more tranches. The company's board has recommended the proposal in this regard for approval of shareholders in the next AGM of the company. The fund raising will be at an interest rate that will be determined by the prevailing money market conditions at the time of borrowing, said JK Cement in a regulatory filing. Besides, the board has forwarded the request from certain individual/company belonging to persons acting in concert with Promoters Group seeking reclassification of their shareholding in JK Cement to Public Category. For the quarter ended March 31, 2022, JK Cement, the promoter & promoter group, held 45.82 per cent stake in the company. The company had on Saturday reported 6.93 per cent fall in consolidated net profit at Rs 199.44 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 214.31 crore for the ...

Piramal Enterprises plans to raise up to Rs 700 crore through bonds

A meeting of the administrative committee of the board of directors of the company will be held on May 4, 2022, to consider and approve the issuance of NCDs for up to Rs 50 crore

Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs

FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022, a regulatory filing from the Future group firm said

Religare Finvest defaults on an interest payment to NCD holders

Religare Enterprises on Tuesday said its debt-ridden subsidiary Religare Finvest Ltd (RFL) has defaulted on an interest payment due on March 28 for the non-convertible debentures (NCDs). The company defaulted on an interest amount of Rs 2.41 crore, Religare Enterprises said in a regulatory filing. As a result, four investors would be deprived of their interest due. It is to be noted that the RBI on March 11 declined the restructuring of RFL with Religare Enterprises continuing as its promoter since debt-ridden NBFC has been declared as "Fraud" exposure by lenders. RFL subsequently filed a writ petition before the Delhi High Court seeking a stay of operation of the aforesaid order besides other reliefs, it said. The Delhi High Court had stayed the impugned communication of the RBI dated February 11, 2022. As advised by RFL lenders, it said, all payments of RFL need prior certification from ASM (Agencies for Specialized Monitoring) appointed by the lenders. "Accordingly, RFL reques

Piramal Enterprises to raise Rs 500 cr via non-convertible debentures

The debentures are proposed to be listed on debt segment and capital market segment of National Stock Exchange (NSE) and BSE Ltd, it added

Welspun India to raise Rs 500 crore via non-convertible debentures

Welspun India is part of Welspun Group, a conglomerate that has business interests in sectors including line pipes, home textile products, infrastructure, warehousing, steel, oil and gas

Bajaj Housing Fin to raise Rs 3,000 crore via non-convertible debentures

Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021

Edelweiss Financial Services raises over Rs 456 crore via NCDs

Edelweiss Financial Services Ltd (EFSL) on Monday said it has raised Rs 456.24 crore through the issuance of non-convertible debentures (NCDs).