If the proposal is approved, companies listing their non-convertible debentures won't be obliged to meet disclosure norms
The fund-raising will be used to meet the Haridwar-based company's working capital requirements and strengthen the supply chain network
NCDs will carry a coupon rate of 10.10 per cent with a tenure of three years
Schemes among the six wound up by the fund house had given the loan crore against non-convertible debentures (NCDs) to the firm in March 2019, according to ED's chargesheet
Mutual fund manager appoints legal counsel, says it is considering ways to maximise recovery value
Also, watch out for a company raising money at a very high rate of interest
Sebi regulations required fund houses to cap exposure to such papers at 10% of scheme assets
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
The move comes after the Sebi, Association of Mutual Funds (Amfi), and IDBI trustee moved a Division Bench of the court, challenging the interim order granting protection to Indiabulls.
Piramal Enterprises's (PEL's) Rs 3,000 crore fundraising is through debentures.
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.
Sebi is likely to allow corporate houses to treat unlisted non-convertible debentures as 'term loans'.
Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares
Delay in debt refinancing of Vedanta Resources, higher-than-expected dividends by Vedanta Limited seen as key rating sensitivity factors
The quantum of funds to be raised or the purpose of fund raising has not been disclosed in the intimation.
RIL will consider fundraising by issuing listed, secured/unsecured and redeemable non-convertible debentures on a private placement basis
Adani Ports arm has raised Rs 125 crore today by allotment of 1,250 rated, listed, secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each
The NCDs are proposed to be listed on the wholesale debt market segment of the BSE
A total of 6,700 non convertible debentures of face value Rs 10,00,000 each would be issued
The fund raising is to meet the funding of capex and financing of normal business activities