Fccbs

Jain Irrigation Systems today said its shareholders have approved the company's plans to raise up to USD 75 million by issuing foreign currency convertible bonds (FCCBs).

Websol Energy System up 20% on RBI nod for restructuring of FCCB

Websol Energy System shares were locked at 20 percent upper circuit at Rs 42.15 on Friday after the Reserve Bank approved its restructuring of outstanding foreign currency convertible bonds (FCCBs).

Subex converts $500,000 bonds into equity

Subex Ltd on July 4 said it has converted a part of its USD 4.10 million bonds into equity, following which the company's share capital has risen to Rs 506 crore from Rs 504 crore

3i Infotech up 15%, approves debt realignment scheme

Debt realignment scheme will help to realign/ restructure the outstanding debt of the company and its subsidiaries, from the creditors who are the part of joint lenders' forum.

Aban Offshore up 6% on shareholders nod for fund raising

Shareholders also approved issuing foreign currency convertible bonds (FCCBs), global depository receipts (GDRs), American depository receipts (ADRs), warrants convertible into shares.

Subex gains 5.3%, revises FCCBs conversion price to Rs 13

The company has reset the conversion price of foreign currency convertible bonds (FCCBs) III from Rs 22.79 to Rs 13 per share effective from August 26, 2015.

Composite FDI cap subject to sectoral conditionalities

Composite caps have been suggested for sectors like agriculture, petroleum and natural gas, manufacturing, airports, real estate and telecommunications amongst others.

Videocon gets shareholder nod to raise Rs 5,000 crore

The board will raise the funds "at any appropriate time" by issuing "equity shares or any other convertible instruments for an amount not exceeding Rs 5,000 crore by way of follow-on issue, private placement basis...", Videocon Industries said in a BSE filing.

FinMin amends FEMA rules on non-debt instruments

Finance Ministry sources say control on capital flows as equity will be exercised by the government in consultation with the Reserve Bank. Sources further add that a list of transactions classifying debt and non-debt transactions will be notified soon.

Essar Oil's delisting plans hit roadblock

Sebi had sought information on conversion of FCCBs on December 2013. Essar Energy had converted FCCBs worth USD 262 million, which led to the issue of 8.38 crore shares. The conversion of shares took place between Rs 138-153 per share.

India Inc's Oct foreign borrowings up 44% at $2.78 bn

Domestic firms had raised USD 1.93 billion the overseas market in the same month a year ago. Of the total borrowings during the month, USD 69.43 million was raised through the approval route, while USD 2.71 billion came through the automatic route.

Offshore wind mkt next key trigger for debt-ridden Suzlon?

Suzlon‘s Finance Group Head, Kirti Vagadia said that the company has order backlog of worth USD 1.2 billion in the offshore segment. From FY16 onwards revenue of 2 billion euro per megawatt is likely to start flowing into the company‘s books.

GMR Infra board approves raising of Rs 2500cr

The infrastructure firm in July-September quarter of this fiscal had reported widening of losses to Rs 393.05 crore due to muted revenue growth and 41 percent rise in finance costs.

India Inc raises $3.71 bn in July via ECB, FCCB routes

Under the automatic route, as many as 72 companies raised USD 1.39 billion through the automatic route which does not require approval from the RBI or the government, data on the RBI website showed today. Under the approval route, ten companies raised around USD 2.32 billion through ECBs/FCCBs.

Aban Offshore to consider fund raising on May 29, shares up

Private offshore drilling contractor Aban Offshore shares gained one percent Wednesday after the company said it would consider raising long term funds on May 29.

Indian cos raise USD 2.34 bn in February via ECBs, FCCBs

Indian companies seem to be losing their appetite for foreign funds as they mopped up just USD 2.34 billion from overseas markets in February, nearly one-third lower than the amount mopped up in the previous month.

Gitanjali Gems up 4% after deferral of FCCB issue

The stock of Gitanjali Gems shot up 5 percent on Thursday after the company has decided to defer issue of foreign currency convertible bonds (FCCBs).

Sintex Industries redeems FCCBs, shares rise 2%

Plastic products producer Sintex Industries gained more than 2 percent on Thursday after the company redeemed its foreign currency convertible bonds (FCCBs) worth USD 291 million on due date.

Aanjaneya Life defers FCCB issue, shares near all-time low

Aanjaneya Lifecare is locked at 5 percent lower circuit after the company decided to defer the issue of foreign currency convertible bonds (FCCBs) till further notice.

Marksans Pharma up 5% on settlement with FCCBs' holders

Marksans Pharma rallied 5 percent on Monday as the company entered into a settlement agreement with the holders of foreign currency convertible bonds (FCCBs) for settling USD 26,918,000 worth of FCCBs in principal value.

Gitanjali Gems rises on FCCBs approval

Gitanjali Gems gained more than 2 percent intraday on Friday after the board of directors of company approved raising funds via Foreign Currency Convertible Bonds (FCCBs) due 2018 on Thursday.

Tulip Tele up 18% in 4 sessions; can it refinance FCCBs?

Trading in shares of Tulip Telecom has been frozen at the upper end of the 5% intra-day circuit filter at Rs 42.40, as the market is betting that the company will manage to refinance its USD 140 million Foreign Currency Convertible Bonds (FCCBs) by the end of this month.

India Ratings: Stress on corporates for FCCB redemption

India Ratings says that of the USD1.5bn worth of foreign currency convertible bonds (FCCBs) due for redemption for the rest of FY13, around 67% are expected to either default or restructure.

Jain Irrigation approves to raise of $40 mn via FCCBs

Jain Irrigation board approves preferential issue of 4.97 crore shares at Rs 80 per share to non-promoters to raise Rs 398 crore. The board also approved to raise of USD 40 million via FCCBs and USD 75 million via overseas borrowing, reports CNBC-TV18.

Re funds preferred due to pre-payment clause: Everest Kanto

Prem Khurana, CMD, Everest Kanto Cylinder, says that the company was able to raise fund easily due to good track record. The company preferred the rupee line because of the availability of the prepayment clause.