NCD

JSW Energy board on Wednesday approved allotment of 25,000 non-convertible debentures (NCD) on a private placement basis to raise Rs 2,500 crore. "Finance Committee, at its meeting held on 15th March 2023, approved the allotment of 25,000 Unsecured, Redeemable, Rated, Listed, Taxable, Non-Convertible Debentures of Rs 1,00,000 (Rupees One Lakh) each aggregating to Rs 250,00,00,000," a BSE filing stated. The Board of Directors on October 28, 2022, approved the NCD issue for the raising of funds up to Rs 2,500 crore by way of the private placement.

Indiabulls Housing Finance on Thursday announced a Rs 900-crore debt sale through a public issue of secured, redeemable, non-convertible debentures. The base size of the issue is only Rs 100 crore with a greenshoe option for an additional Rs 800 crore. The public issue opens on Friday and closes March 17, the company said in a statement. The company is offering coupon rates ranging from 8.88 per cent to 10.15 per cent per annum and post-close, the issue will be listed on BSE and NSE. The NCDs have tenures of 24 months (series I, II & III), 36 months (series IV, V & VI), and 60 months (series VII & VIII). The company is also offering an additional incentive 0.25 per cent per annum to category III and IV investors, who are also primary holders on the deemed date of allotment, the company said. At least 75 per cent of the net proceeds of the issue will be utilised for onward lending, financing, and for repayment of interest and principal of existing borrowings and the balance

In a discussion paper, Sebi has proposed that only HVDLEs having 90 per cent or more related party shareholders will have to send notice to debenture holders holding listed NCDs

Basic issue size is Rs 100 cr, with Rs 400 cr green shoe; open between Feb 8 and March 3 with listing on BSE

Success will help in reducing government spending for the poor battling the cost of treating non-communicable diseases

Takes exposure to two projects--one commercial, the other a residential township

The fund raise was approved by the company's board of directors following the second quarter FY 2023 result which saw 44 per cent year on year drop in net profit to Rs 872 crore.

Proposed NCDs have AA+ rating from ICRA denoting 'high degree of safety'

The fund would be raised in one or more tranches, SBI Card said in a regulatory filing

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

Funds can be raised via NCDs on one or more tranches as private placement

Kalpataru Power Transmission Ltd on Wednesday said it has raised Rs 200 crore through the issuance of non-convertible debentures (NCDs).

Godrej Industries on Tuesday said its board has approved a proposal to raise Rs 750 crore by issuing non-convertible debentures (NCDs).

Religare Enterprises on Wednesday said its arm Religare Finvest Limited will default on Rs 100 crore NCD payment obligation later this month to subscriber Axis Bank

The tenure of the NCDs is three years and the coupon rate is 8.25%. The NCDs will be listed on the BSE

Under the current framework, an investor can either subscribe to the combined offering of NCD instrument with warrants or to the individual securities.

The issue was the joint widest distributed debt issuance by an Indian private sector corporate in the current fiscal

Overall, 24 investors (including 23 qualified institutional buyers) have invested in the non-convertible debentures (NCDs)

The company's BSE filing read that Suzlon and its subsidiaries have recently concluded a comprehensive debt restructuring and issued various convertible and optional securities pursuant to the same

The nationwide lockdown has impacted the company's cash flow and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing