Govt Official To CNBC-TV18 | Bharat-22 ETF FFO Currently oversubscribed 1.47x; Govt to raise Rs 8,400 cr from Bharat-22 ETF FFO, with greenshoe option of Rs 2,400 cr
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NCD Public issue of *Tata Capital Financial Services Limited * Issue Size: *₹ 7,500 Crores* Instrument: *Secured Redeemable Non-Convertible Debentures and Unsecured, Subordinated, Redeemable, Non-Convertible Credit Rating: "CRISIL AAA / Stable" by CRISIL; and "CARE AAA; Stable by CARE* Listing:*Proposed to be listed on BSE & NSE* Issuance Mode: *Demat* Face Value: *₹ 1000* Mode Of Application: *ASBA/Non ASBA* Issue Opening Date: *10th September 2018*
Shriram City plans to raise up to Rs 200 cr via NCDs
NEW DELHI: Shriram City Union Finance is planning to raise up to Rs 200 crore through non-convertible debentures (NCDs) to support financing activities.
The company is proposing to raise Rs 100 crore, with an option to retain over subscription to the extent of another Rs 100 crore.
NCDs are loan-linked securities issued by a company and cannot be converted into stocks and usually carry a higher interest rate than a convertible debenture.
The funds raised through the issue are to be used for financing and lending activities, to repay existing loans and meet business operations including for capital expenditure and working capital requirements.
"Public issue by Shriram City of secured redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 100 crore with an option to retain over subscription up to Rs 100 crore for issuance of additional NCDs aggregating to a total of up to Rs 200 crore," the com...
RBI to conduct term repo auctions for Rs 75,000 cr on Friday
The Reserve Bank of India (RBI) has decided to conduct term repo auctions worth Rs 75,000 crore on Friday.
These will be a 7-day term repo auction for Rs 15,000 crore and a 14-day term repo auction for Rs 60,000 crore.
Successful bidders will get the allotment at their respective bids, said RBI.
According to the Street the term repo auctions will help to ease liquidity into the system and may ensure that the bond auction for Rs 16,000 crore on the same day is fully subscribed.
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