Tata Motors gets nod from board constituted committee to raise Rs 1,000 cr via issue of non-convertible debentures
4 years, 10 months ago

Tata Motors gets nod from board constituted committee to raise Rs 1,000 cr via issue of non-convertible debentures

Firstpost  

Tata Motors on Tuesday said a board constituted committee has approved raising up to Rs 1,000 crore via issue of non-convertible debentures on a private placement basis New Delhi: Tata Motors on Tuesday said a board constituted committee has approved raising up to Rs 1,000 crore via issue of non-convertible debentures on a private placement basis. A meeting of the duly authorised committee held on Tuesday approved the offer for subscription, on a private placement basis, up to 10,000 rated, listed, unsecured, redeemable, non-convertible debentures of face value Rs 10,00,000 each at par aggregating up to Rs 1,000 crore, Tata Motors said in a regulatory filing. Tata Motors approves raising up to Rs 1,000 cr via NCDs in tranches pic.twitter.com/IOJxGZLOub — CNBC-TV18 May 5, 2020 These will be issued in three tranches of Rs 500 crore, Rs 300 crore and Rs 200 crores with redemptions due on 30 September, 2022, 28 November, 2022 and 29 December, 2022 respectively, it added. Shares of Tata Motors were trading at Rs 84.95 per scrip, higher by 1.25 percent on the BSE.

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History of this topic

Tata Motors board approves ₹2,000 crore fundraise via issue of NCDs on private placement basis
1 week, 3 days ago

Tata Motors board approves ₹2,000 crore fundraise via issue of NCDs on private placement basis

Live Mint  

Tata Motors share price traded higher on Wednesday after the company’s board approved fundraising of up to ₹2,000 crore. The board of directors of auto major Tata Motors, in its meeting today, March 19, considerd and approved fundraising through the issuance of Non-Convertible Debentures on a private placement basis. “.we hereby inform you that the Committee duly constituted by the …

Tata Steel to raise ₹3000 crore via issuance of NCDs through private placement
1 month, 2 weeks ago

Tata Steel to raise ₹3000 crore via issuance of NCDs through private placement

Live Mint  

Tata Steel board at its meeting held today, February 14, considered and approved fundraising via non-convertible debentures. Tata Steel plans to raise ₹3,000 crore via issuance of 3,00,000 NCDs of ₹1,00,000 each. The credit ratings assigned to the bonds are ‘AAA’ by India Ratings and ‘AA+’ by CARE Ratings Limited, as per the exchange filing by Tata Steel. The ratings …

Stocks to watch today: Reliance Power, Cipla, Shriram Finance, IT stocks
3 months, 2 weeks ago

Stocks to watch today: Reliance Power, Cipla, Shriram Finance, IT stocks

India Today  

The stock market is expected to open higher on Thursday, tracking gains in Asian markets. In today’s session, several stocks such as Reliance Power Ltd, Cipla, PC Jeweller, tec are likely to be in focus due to recent developments. RELIANCE POWER LTD Reliance Power Ltd will be under the spotlight after its subsidiary, Reliance NU Suntech, won a 930 MW …

NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital
7 months, 2 weeks ago

NCLT directs RBI, DIPP to expedite approvals for Hinduja’s takeover of Reliance Capital

Live Mint  

The National Company Law Tribunal on Monday instructed the Reserve Bank of India and the Department of Industrial Policy and Promotion to expedite approvals necessary for Hinduja-owned IndusInd International Holdings Ltd to complete its acquisition of the insolvent Reliance Capital. This directive followed a petition by the Hindujas seeking an extension of the timeline set by the tribunal in its …

Macrotech Developers to raise ₹125 cr through issue of debentures
1 year ago

Macrotech Developers to raise ₹125 cr through issue of debentures

Hindustan Times  

Mumbai-based real estate major Macrotech Developers Ltd, that sells properties under the Lodha brand, said on March 28 that it will raise ₹125 crore through the issue of non-convertible debentures. Mumbai-based real estate major Macrotech Developers Ltd that sells properties under the Lodha brand, said on March 28 that it will raise ₹ 125 crore through the issue of non-convertible …

Muthoot Finance to raise ₹700 crore via issue of non-convertible debentures
1 year, 6 months ago

Muthoot Finance to raise ₹700 crore via issue of non-convertible debentures

Live Mint  

Muthoot Finance Ltd on Thursday announced its 32nd series of public issue of secured redeemable non-convertible debentures of face value of ₹1,000 each. “Our 32nd NCD issue is open for subscription, and the interest rate offered on NCDs has been increased by 0.50%. This provides our investors a dual advantage of a higher rating and attractive interest rate ranging 8.75% …

Stocks to Watch: TCS, RIL, HDFC Ltd, NTPC, Adani Transmission, Britannia
1 year, 11 months ago

Stocks to Watch: TCS, RIL, HDFC Ltd, NTPC, Adani Transmission, Britannia

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Tata Consultancy Services: Tata Consultancy Services posted healthy growth in Q4 of FY23, however, it broadly missed the street's expectations for the quarter. NTPC: In a bid to raise ₹3,000 crore for funding capital expenditure and loan refinancing, state-owned NTPC announced issuing non-convertible debentures on a …

IIFL Finance to raise funds via public issue of NCDs; issue to open this week
2 years, 2 months ago

IIFL Finance to raise funds via public issue of NCDs; issue to open this week

Live Mint  

IIFL Finance is planning to raise through the public issue of non-convertible debentures. The Tranche I Issue consists of public issue by the company of Secured Redeemable Non-Convertible Debentures of face value of ₹1,000 each for an amount upto ₹1,000 million with an option to retain oversubscription upto ₹9,000 million aggregating to ₹10,000 million, which is within the Shelf Limit …

NHAI’s new NCDs offer returns of over 8%; All you need to know
2 years, 5 months ago

NHAI’s new NCDs offer returns of over 8%; All you need to know

Live Mint  

The National Highways Authority of India has come out with its new Non-Convertible Debentures issue to raise up to Rs 1500 crores. The bonds, issued by the National Highways Infra Trust, would pay 7.90 per cent interest semi-annually, which is slightly higher than the interest rate offered by bank- The tenure of the investment has been fixed at 25 years, …

Tata Steel to raise ₹2,000 cr through NCDs
2 years, 6 months ago

Tata Steel to raise ₹2,000 cr through NCDs

Live Mint  

Domestic steel maker Tata Steel on Wednesday said its committee of directors decided has approved raising ₹2,000 crore through allotment of non-convertible debentures on a private placement basis. “20,000 NCDs of face value ₹10,00,000 each aggregating to ₹2,000 crore, to be issued in two different series.” The issue is divided into two series, Tata Steel said. Size of the issue …

Tata Motors Offering Discounts of Upto Rs 60,000 on Select Models in India
3 years, 1 month ago

Tata Motors Offering Discounts of Upto Rs 60,000 on Select Models in India

News 18  

The past few months have been kind to Tata Motors with sales of its vehicles skyrocketing. Despite the fact that sales are increasing, Tata is still offering significant discounts and exchange advantages, which can total up to Rs 60,000 depending on the model, reports Autocar India. Buyers can get up to Rs 60,000 in perks on unsold 2021 model year …

Tata Motors to raise up to Rs 500 cr via securities
3 years, 9 months ago

Tata Motors to raise up to Rs 500 cr via securities

India TV News  

Tata Motors to raise up to Rs 500 cr via securities A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing Tata Motors on Monday …

Tata cars have offers up to Rs 65,000 in February 2021, here are the details
4 years, 1 month ago

Tata cars have offers up to Rs 65,000 in February 2021, here are the details

India Today  

Tata Motors is providing offers up to Rs 65,000 on models like the Tiago, Tigor, Nexon and Harrier in February 2021. Tata Tiago - Offers up to Rs 25,000 The customers can avail offers up to Rs 25,000 on the Tata Tiago in February 2021. Tata Nexon - Offers up to 15,000 Tata Motors is providing an exchange offer of …

Tata Motors plans to raise Rs 1,000 cr through issuance of non-convertible debentures
4 years, 10 months ago

Tata Motors plans to raise Rs 1,000 cr through issuance of non-convertible debentures

Firstpost  

Tata Motors on Friday said it is planning to raise Rs 1,000 crore through issuance of securities New Delhi: Tata Motors on Friday said it is planning to raise Rs 1,000 crore through issuance of securities. The company is desirous of offering rated, listed, secured, redeemable, non-convertible debentures aggregating Rs 1,000 crore, Tata Motors said in a regulatory filing. Last …

Reliance Industries to launch Rs 9,000 cr non-convertible debenture issue on April 16
4 years, 11 months ago

Reliance Industries to launch Rs 9,000 cr non-convertible debenture issue on April 16

Deccan Chronicle  

Mumbai: To cash in on cheap funds flooding the debt market through the targeted long-term repo operations route, Reliance Industries will raise Rs 9,000 crore through an NCD sale to refinance the existing high-cost rupee debt. According to an exchange filing, RIL is launching a Rs 9,000-crore non-convertible debenture issue on April 16 and the proceeds from the debt sale …

Vedanta to raise up to Rs 2,000 cr through NCDs; to hold meeting on 8 January
5 years, 2 months ago

Vedanta to raise up to Rs 2,000 cr through NCDs; to hold meeting on 8 January

Firstpost  

Vedanta is the Indian subsidiary of Vedanta Resources Plc, a London-listed company New Delhi: Vedanta Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of non-convertible debentures. “We would like to inform you that the company proposes to offer rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 2,000 crore in one or …

BSNL in talks with CBSE for sale of land parcels; eyes Rs 300 cr from asset monetisation in FY20
5 years, 2 months ago

BSNL in talks with CBSE for sale of land parcels; eyes Rs 300 cr from asset monetisation in FY20

India TV News  

State-owned Bharat Sanchar Nigam Ltd has initiated discussions with the Central Board of Secondary Education and others for sale of specific land parcels, as it sets the ball rolling on asset monetisation plans that could yield Rs 300 crore this fiscal, according to a senior government official. On asset monetisation plans, the official said certain assets had already been identified …

Tata Steel BSL to raise Rs 24,000 cr from Tata Steel on private placement basis
6 years, 2 months ago

Tata Steel BSL to raise Rs 24,000 cr from Tata Steel on private placement basis

Firstpost  

Tata Steel last year acquired Tata Steel BSL Limited, formerly known as Bhushan Steel Limited, through its wholly-owned subsidiary Bamnipal Steel Ltd. New Delhi: Tata Steel BSL said on Wednesday its board has approved a proposal to raise up to Rs 24,000 crore through an issue of preference shares to Tata Steel on private placement basis. Tata Steel last year …

RIL raises ₹5,500 crore via debentures in two tranches
6 years, 2 months ago

RIL raises ₹5,500 crore via debentures in two tranches

Live Mint  

Mumbai: Mukesh Ambani-controlled Reliance Industries has raised ₹ 5,500 crore through a private placement of non-convertible debentures, said two officials aware of the development, requesting anonymity. The company raised the capital in December across two tranches of 25,000 partly-paid redeemable non-convertible debentures aggregating to ₹ 2,500 crore and 30,000 unsecured redeemable non-convertible debentures aggregating to ₹ 3,000 crore worth of …

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018
6 years, 2 months ago

Fund raising via NCDs surges 3-fold to ₹29,300 crore in 2018

Live Mint  

New Delhi: Indian companies raised over ₹ 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by PSU banks combined with attractive yields in the corporate bond markets over bank rates appear to motivate corporates to shift towards market …

Fundraising via NCD surges three-fold to Rs 29,300 crore in 2018 as higher yields in corporate bond markets woo firms
6 years, 2 months ago

Fundraising via NCD surges three-fold to Rs 29,300 crore in 2018 as higher yields in corporate bond markets woo firms

Firstpost  

The companies raised money for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes. New Delhi: Indian companies raised over Rs 29,300 crore by issuing non-convertible debentures to retail investors in 2018 to meet their business requirements, representing a three-fold surge compare to the preceding year. “Lack of corporate lending appetite by public sector banks …

Future Consumer raises Rs200 crore via NCDs from UK’s CDC Group
7 years, 1 month ago

Future Consumer raises Rs200 crore via NCDs from UK’s CDC Group

Live Mint  

Mumbai: Future Consumer Limited, the FMCG arm of Kishore Biyani’s Future Group, has raised Rs200 crore in non-convertible debentures from the CDC Group Plc., the UK government’s development finance institution, the firm said in a statement on Thursday. The NCDs have a 7-year tenure and will be used for capital expenditure, long-term working capital needs, and to support business growth, …

DLF looks to raise Rs3,500 crore via debentures, warrants to promoters
7 years, 3 months ago

DLF looks to raise Rs3,500 crore via debentures, warrants to promoters

Live Mint  

New Delhi: Realty major DLF’s shareholders on Wednesday approved an issue of debentures and warrants to promoters in lieu of Rs11,250 crore equity infusion into the company to reduce company’s net debt significantly. The shareholders, at an extra ordinary general meeting held on Wednesday, approved company’s plan to sell shares through public issue or private placement to institutional investors. On …

RIL seeks shareholders’ approval to raise Rs25,000 crore via debentures
7 years, 9 months ago

RIL seeks shareholders’ approval to raise Rs25,000 crore via debentures

Live Mint  

New Delhi: Reliance Industries Ltd has sought shareholders’ nod to raise Rs25,000 crore through issuance of debentures on a private placement basis to meet ongoing capital expenditures and general corporate needs. According to the statement, the company will offer or invite subscriptions for secured/unsecured redeemable non- convertible debentures, in one or more series/tranches, of an aggregate nominal value up to …

Reliance Capital mops up Rs 2,000 cr via NCDs to expand lending biz, refinance debt
8 years, 6 months ago

Reliance Capital mops up Rs 2,000 cr via NCDs to expand lending biz, refinance debt

Firstpost  

New Delhi: Reliance Capital Tuesday said it has raised Rs 2,000 crore through private placement of non-convertible debentures for expanding lending business and refinancing existing debt. The issue size offered was Rs 1,000 crore with an option to retain oversubscription up to Rs 1,000 crore aggregating up to shelf limit of Rs 2,000 crore. “The funds will be used to …

Fund raising via NCDs drop 77% in FY15 |IndiaTV news
9 years, 10 months ago

Fund raising via NCDs drop 77% in FY15 |IndiaTV news

India TV News  

New Delhi: Fund raising through retail issuance of non-convertible debentures plunged by 77 per cent to Rs 9,743 crore in 2014-15. According to data available with the Securities and Exchange Board of India, the funds mobilisation came in was Rs 9,743 crore for 2014-15, way below the Rs 42,383 crore mopped up in the preceding fiscal. Shriram Transport Finance Company …

Pantaloons to raise Rs 1,000 cr through NCDs via private placement
10 years, 2 months ago

Pantaloons to raise Rs 1,000 cr through NCDs via private placement

Firstpost  

New Delhi: Pantaloons Fashion & Retail today said it will raise Rs 1,000 crore through issue of non-convertible debentures on a private placement basis. “The Board of Directors of the company at its meeting held on 7 January, 2015, has approved issuance of non-convertible debentures of up to Rs 1,000 crore on private placement basis, in one or more tranches,” …

IFCI raises Rs 790 cr in second tranche of NCD issue
10 years, 2 months ago

IFCI raises Rs 790 cr in second tranche of NCD issue

Firstpost  

New Delhi: State-owned term lender IFCI is looking at raising over Rs 790 crore in the second round of non-convertible debentures which opened on 1 January. “IFCI is proposing a public issue of secured redeemable non-convertible debentures of face value of Rs 1,000 each amounting to Rs 250 crore with an option to retain over-subscription aggregating up to the Residual …

Tata Motors to invest Rs 1,500 cr for commercial vehicle development
11 years ago

Tata Motors to invest Rs 1,500 cr for commercial vehicle development

The Hindu  

Amid challenging environment and growing competition in commercial vehicles, Tata Motors has earmarked Rs 1,500 crore in the 2014-15 fiscal for development and launch of new products in this segment. “Tata Motors has and will continue to invest around Rs 1,500 crore a year, every year towards new products, variants, improvements, innovations and technologies for its commercial vehicle business,” Tata …

Shriram Transport Finance to raise Rs 600 crore from NCDs
12 years, 8 months ago

Shriram Transport Finance to raise Rs 600 crore from NCDs

Firstpost  

Non-banking finance company Shriram Transport Finance Company announced plans to raise Rs 600 crore through secured non-convertible debentures. The Rs 300-crore debt issue, with a greenshoe option of equivalent amount, would open for subscription from 26 July and close on 10 August, Shriram Transport Finance Managing Director Umesh Revankar said. Shriram Transport Finance is into commercial vehicle financing, consumer finance, …

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