Non-convertible Debentures

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JK Cement plans to raise up to Rs 500 cr via non-convertible debentures

JK Cement Ltd plans to raise up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis in one or more tranches. The company's board has recommended the proposal in this regard for approval of shareholders in the next AGM of the company. The fund raising will be at an interest rate that will be determined by the prevailing money market conditions at the time of borrowing, said JK Cement in a regulatory filing. Besides, the board has forwarded the request from certain individual/company belonging to persons acting in concert with Promoters Group seeking reclassification of their shareholding in JK Cement to Public Category. For the quarter ended March 31, 2022, JK Cement, the promoter & promoter group, held 45.82 per cent stake in the company. The company had on Saturday reported 6.93 per cent fall in consolidated net profit at Rs 199.44 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 214.31 crore for the ...

Piramal Enterprises plans to raise up to Rs 700 crore through bonds

A meeting of the administrative committee of the board of directors of the company will be held on May 4, 2022, to consider and approve the issuance of NCDs for up to Rs 50 crore

Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs

FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022, a regulatory filing from the Future group firm said

Religare Finvest defaults on an interest payment to NCD holders

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

Piramal Enterprises to raise Rs 500 cr via non-convertible debentures

The debentures are proposed to be listed on debt segment and capital market segment of National Stock Exchange (NSE) and BSE Ltd, it added

Welspun India to raise Rs 500 crore via non-convertible debentures

Welspun India is part of Welspun Group, a conglomerate that has business interests in sectors including line pipes, home textile products, infrastructure, warehousing, steel, oil and gas

Bajaj Housing Fin to raise Rs 3,000 crore via non-convertible debentures

Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021

Edelweiss Financial Services raises over Rs 456 crore via NCDs

Edelweiss Financial Services Ltd (EFSL) on Monday said it has raised Rs 456.24 crore through the issuance of non-convertible debentures (NCDs).

Vedanta plans to raise up to Rs 1,000 cr through non-convertible debentures

Vedanta Ltd on Wednesday said it plans to raise up to Rs 1,000 crore through non-convertible debentures (NCDs). In this regard, the company is holding a meeting of its duly constituted committee of the directors next week, Vedanta Ltd said in a filing to the BSE. "The company proposes to offer rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 1,000 crore," the filing said. The above issuance is pursuant to the board of directors' resolutions passed at their meeting held on May 7, 2019, and October 3 last year. Vedanta Ltd is a diversified natural resources company whose business primarily involves producing oil and gas, zinc-lead-silver, copper, iron ore, aluminium and commercial power.

Fabric-maker Raymond to raise Rs 100 cr through non-convertible debentures

The company's board is meeting on December 17 to consider and approve the NCDs

Ugro Capital raises Rs 150 cr by issuing bonds on private placement basis

The company's Investment and Borrowing Committee has approved the allotment of 150 protected market linked non-convertible debentures

DLF rental arm raises Rs 1,000 crore through debentures

The NCDs will be listed on the Wholesale Debt Market of BSE

Sebi issues revised formats for issuers of non-convertible securities

Markets regulator Sebi on Thursday came out with revised formats for limited review and audit reports to be submitted by entities that have listed their non-convertible securities

'AA'-rated NCDs: Risky to focus just on returns, say analysts

Limit exposure to 5-15% of debt portfolio, avoid investing for very long tenures

Godrej Industries raises Rs 750 crore through non-convertible debentures

Godrej Industries Ltd on Tuesday said it has raised Rs 750 crore through private placement of non-convertible debentures. The management committee of the board of directors of the company has on September 28 approved the allotment of 7,500 rated, listed, unsecured, redeemable, non-convertible debentures having face value of Rs 10 lakh aggregating to Rs 750 Crore to an identified investor, Godrej Industries Ltd said in a regulatory filing. The company, which is a holding company of the Godrej Group, however, did not disclose the identity of the investor. The proceeds of the issue are proposed to be used for business purposes, investments, repayment or prepayment of certain loans and for general corporate purposes, it added. The NCDs, which will be listed on the National Stock Exchange of India, will have a tenure of 7 years with a redemption date slated for September 28, 2028, it added. Carrying a coupon rate of 7.58 per cent per annum, payable annually, the NCDs will be redeemed

CESC board approves plan to raise Rs 400cr via non-convertible debentures

RP Sanjiv Goenka group's flagship company CESC Ltd on Tuesday said its board has approved a plan to raise Rs 400 crore through unsecured non-convertible debentures (NCDs) on a private placement basis

Godrej Industries' Board approves plan to raise Rs 750 cr via NCDs

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

Embassy REIT to raise up to Rs 300 cr via non-convertible debentures

Embassy Office Parks REIT will raise up to Rs 300 crore through issue of non-convertible debentures. The company did not disclose where the funds will be utilised. In a regulatory filing, the company informed that the board of Embassy Office Parks Management Services Pvt Ltd, the manager to Embassy Office Parks REIT, had in November last year approved the raising of debt, including the issue of non-convertible debentures, for an aggregate amount up to Rs 3,641.1 crore in one or more tranches. Out of this, Rs 2,600 crore was raised earlier as REIT NCD Series-III. On Thursday, the debenture committee of the board of directors of the manager, has approved the further issuance of 3,000 listed, rated, secured, redeemable, transferable, rupee denominated non-convertible debentures of face value of Rs 10,00,000 each, aggregating up to Rs 300 crore by Embassy REIT on a private placement basis. In January this year, Embassy REIT had raised Rs 2,600 crore through issue of non-convertible ..

Nayara Energy raises Rs 2,285 cr via NCDs, issue sold out twice over

Proceeds of the issue will be utilised for refinancing of existing debt, routine capex and general corporate purpose