Refinancing Norms

One of its subsidiaries, Adani Green Energy Limited Restricted Group, will refinance existing bonds through a 15-year amortizing private placement, the executive said, according to the sources

Costly overseas funds forcing them to tap domestic sources

Facility supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC

In a first ever comprehensive analysis of Municipal finances, it said MCs need to adopt sound and transparent accounting practices with proper monitoring

Construction finance rates have risen to 12.9 per cent in Q1 of the calender year 2020 from 11.9 per cent last year

To tap RBI refinance window for funding to RRBs etc

To encourage infrastructure financing, RBI today eased norms for NBFCs to refinance such projects and provide longer repayment tenures. "NBFCs may refinance any existing infrastructure and other project loans by way of take-out financing, without a pre-determined agreement with other lenders, and fix a longer repayment period, the same would not be considered as restructuring if... Such loans should be 'standard' in the books of the existing lenders and should have not been restructured in the past," RBI said in a notification. Another condition is that such loans should be substantially taken over from the existing financing lenders. Also, the repayment period should be fixed by taking into account the life cycle of the project and cash flows from the project. In cases where the aggregate exposure of all institutional lenders is minimum Rs 1,000 crore, the refinancing by NBFCs will not be considered as restructuring in the books of the existing as well as taking over lenders if ...