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No Escapement Of Income By Singaporean Entity On Repatriating Rs.203.56 Cr. Arising From Redemption Of NCDs: ITAT

The Delhi Bench of Income Tax Appellate Tribunal has held that the Singaporean Entity has not escaped the income on repatriating Rs.203.56 Cr. arising from redemption of non-convertible debentures.The bench of Astha Chandra and B. R. R. Kumar has observed that the Assessing Office has not examined the relevant records before them wherein. The bench of Astha Chandra and B. …

Future Enterprises defaults on ₹15.73 cr interest dues on NCDs

Kishore Biyani's Future Enterprises announced defaulting on over ₹15.73 crore interest dues on non-convertible debentures. As per the regulatory filing, Future Enterprises defaulted on interest dues of more than ₹15.73 crore for period from March 21, 2022 to September 19, 2022. While the gross principal amount on which Future Enterprises defaulted is ₹327 crore --- of which ₹130.60 crore is …

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Adani Enterprises raises ₹100 cr via market-linked NCDs, stock 2% up

Adani Group's flagship company Adani Enterprises on Monday raised ₹100 crore by allotment of non-convertible debentures on a private placement basis. On BSE, Adani Enterprises shares closed at ₹3,778.90 apiece surging by ₹77 or 2.08% after touching an intraday high of ₹3,800 apiece. Last month, Adani Enterprises-backed Vishvapradhan Commercial Private Limited exercised the rights to acquire 99.5% of the equity …

Tata Steel to raise ₹2,000 cr through NCDs

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 …