Base Year Change
Navi Finserv Rs 300 crore debt bond lists with 1.65 times subscription
Navi Finserv debt bond got listed on Friday following 1.65 times subscription of the base issue of Rs 300 crore, the company said. The issue which closed on June 2, eight days ahead of schedule, received total bids worth Rs 495.72 crore which was about 65 per cent higher than the base issue. The fintech firm's secured, rated, listed and redeemable Non-Convertible Debentures (NCDs) had a total value of Rs 600 crore, including the greenshoe option of Rs 300 crore. The maximum bid for the Navi Finserv (NFS) issue came from Qualified Institutional Buyers (QIB) followed by HNIs (High Net-worth Individuals) and retail investors. "It's great to see the response to our maiden public NCD issuance from both retail and institutional investors. Our goal was to diversify our borrowing profile, and with more than 5,000 retail and HNI investors participating in the issue, the market has shown its confidence in our company's strong fundamentals and robust business model," NFS chairman and CEO Sach
 "Navi Finserv Rs 300 crore debt bond lists with 1.65 times subscription")
FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget
FY20 is being considered for a 'more realistic comparison'
 "FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget")
Change in the base year for GDP, IIP, CPI baseless
Govt should prioritise releasing back series for national statistics
Statistics ministry to change GDP base year to 2017-18 from 2011-12
Statistics Minister D V Sadananda Gowda said the change will happen by the end of 2018
 "Statistics ministry to change GDP base year to 2017-18 from 2011-12")
