These funds may be raised in one or more tranches, the company said
Dilip Buildcon, in a separate filing, said it has raised Rs 200 crore via NCDs
If the proposal is approved, companies listing their non-convertible debentures won't be obliged to meet disclosure norms
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
The NCDs will be listed on the Wholesale Debt Market segment of the BSE.The finance committee meeting of the company held a meeting on Monday.
A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued
A corporate guarantee was given by RCap and put option right was given to the NCD holders. This meant that RCap will be required to purchase the NCDs when the option is exercised
The coupon rate for the issue will be 7.65 per cent per annum, the filing added.
The company has presence across India, South Africa, Namibia, Australia and Ireland
Fund house has carved out separate portfolios in six schemes to hold the exposure
NCDs are debt instruments that can't be converted into equity or stocks. If you are someone who wants to get a piece of this pie, you need to choose the right one for you
The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore
The regulator has given 45 days for the payment of penalty, which was levied under Section 15HB of the Sebi Act.
The shares of Manappuram Finance were trading at Rs 172.35, down 0.14% on BSE
Piramal Enterprises said the money can be raised in one or more tranches from time to time.
The rating assignment takes into account the strong financial and credit risk profile of the issuer and partial credit enhancement by SBI
HDFC Credit Risk Fund had Rs 124 crore of exposure to the NCDs of the company
The NCDs would be listed on WDM segment of NSE
This issuance is through private placement basis with a door-to-door tenure of 10 years, and the proceeds will be utilised by the company for its normal course of business operations
This would be subject to such investments in unlisted NCDs having simple structures being rated, secured and with monthly coupons