Convertible Debentures

Indus Towers posted a net profit of Rs 872 crore in the second quarter of the fiscal year (FY2023) on a revenue of Rs 7,967 crore

Last Friday, firm's Vi decided to issue 16,000 OCDs to American Tower Corporation and raise Rs 1,600 cr. Company has convened EGM on November 21 to approve the plan

Board approves issue of debentures

Development comes on the heels of Indus Towers warning the financially stressed telecom company of disconnection of services over non-payment of dues

Asserts that by representing the OFCD as pvt placement, issuers deprived subscribers of various measures of investor protection

Grasim has lined up investment for foray into decorative paints with project cost estimated at Rs 10,000 crore by FY25

State-owned NTPC will seek shareholders' approval to raise Rs 18,000 crore through the issuance of bonds or debentures in its annual general meeting on September 28.

Promoters to dilute stake post conversion

Sebi extended the implementation date for framework for creation of security for listed debt securities and due diligence that needs to be carried out by debenture trustees

The company said on Tuesday it will sell $750 million of shares at a price of $9.27, equivalent to 8.57 euros

The preferential allotment will take place by November this year and the rights issue is expected to be completed by February 2020

Suzlon Energy Ltd., which became India's biggest convertible note defaulter when it missed payments in 2012, must repay $172 million outstanding on such securities that were issued as part of a debt

Convertible debentures emerge as alternative with equities now coming under the tax net