Foreign Currency Convertible Bonds

The FCCBs, set to mature on March 4, 2026, bear a coupon rate of 4.5 per cent. The bonds are proposed to be listed on Singapore Exchange Securities Trading Ltd.

Jain Irrigation gets nod to raise USD 75 mln via 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).

Pincon Spirits to raise up to $30 mn via FCCBs

Liquor firm Pincon Spirits today said its board has approved raising of up to USD 30 million (approx Rs 200 crore) through issue of foreign currency convertible bonds (FCCBs).

Swan Energy gets shareholders' nod to raise Rs 1,200 cr

The special resolution to raise Rs 1,200 crore by the company was approved by the shareholders in the annual general meeting held on September 21, 2016, the company said in BSE filing.

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).

EXPLAINED: What are masala bonds and how do Indian cos benefit?

Mortgage lender Housing Development Finance Corp HDFC) has raised Rs 3000 crore by issuing masala bonds; the first company to do so since the RBI green-flagged it in September last year. Here is all you need to know about it.

Govt to announce hybrid instruments for FDI next month

Hybrid instruments include optionally convertible or partially convertible debentures, Foreign Currency Convertible Bonds - which are intrinsically debt-instruments.

India Inc's foreign borrowings fell 45% in May to $1.32 bn

India Inc raised USD 1.32 billion from overseas markets in May, down 45 percent from the same month a year ago, RBI data showed on June 23

ED attaches Rs 3 cr assets in FCCB fraud case by Mumbai firm

ED has attached assets worth over Rs 3 crore in connection with its money laundering probe of a Mumbai-based firm and its Directors allegedly siphoning off funds after raising Foreign Currency Convertible Bonds (FCCB) in UK in 2008.

Sintex to raise up to Rs 1,538 cr via FCCBs, NCDs

In a BSE filing, Sintex said: "Board of Directors of the company approved the issue of foreign currency convertible bonds for an amount not exceeding USD 200 million (Rs 1,338 crore) and formation of the FCCB committee to approve the terms of FCCBs, issue price, opening and closing date of the issue."

Suzlon redeems $28.8 million FCCBs via internal accruals

In a BSE filing, Suzlon said, "It has been successfully repaid in cash, FCCBs worth USD 28.8 million in principal amount along with the applicable 8.7 per cent redemption premium".

Videocon Industries redeems $194.40 million FCCBs

The company paid an amount of USD 97.2 million (Rs 644.87 crore) along with applicable interest and fees in cash and issued another series of foreign currency convertible bonds of amount USD 97.2 million on December 30, 2015 as apart of redemption process.

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.

Videocon to raise Rs 641 crore through FCCBs

In a BSE filing, Videocon said it has "launched issue of Foreign Currency Convertible Bonds convertible into ordinary equity shares, in exchange of a part of outstanding amount of existing USD 200,000,000 6.75 percent."

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.

Future Retail up 8%; FPI can invest upto 48% in multi-brand

Shares of Future Retail jumped 8.5 percent intraday on Friday as Department of Industrial Policy and Promotion (DIPP) clarified that FPIs is can invest upto 49 percent in the multi-brand retail through automatic route.

JSW Energy plans to raise Rs 12,500 cr for capex, expansion

Power producer JSW Energy is planning to raise up to Rs 12,500 crore through issuance of various securities as it eyes organic and inorganic ways to expand business.

Expect to achieve 25% topline growth: Sintex Ind

Sintex Industries has achieved 25 percent revenue growth. Sunil Kanojia, group CEO of Sintex Industries spoke about company's fundamentals and future prospects.

Tata Power mops up Rs 1,500 crore

The power producer has issued two series of Non-Convertible Debentures (NCDs) worth Rs 1,500 crore on a private placement basis.

Videocon to seek shareholder nod to raise up to $800 mn

The funds could be raised through various means, such as the issue of shares or foreign currency convertible bonds, the company told the stock exchange in a statement.

Reliance Infra jumps 4%, co to raise Rs 2500 cr

The funds will be used for refinancing and extending maturities of higher cost rupee debt and other approved end uses.

Gujarat NRE Coke to consider issue of Rs 550cr; shares rise

Gujarat NRE Coke shares rallied three percent Thursday after the company said its board is considering a fund-raising proposal on Monday.

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.

Basket pledge of midcap shares may have widened damage

What began as a sell-off in a couple of midcap shares late last week rapidly spread to many other stocks, taking the market by surprise. Some of these stocks have fallen 50-80 percent in less than two weeks.

The rise and fall of Subex Founder Subash Menon

Subex founder's sheer ambition triggered the company's meteoric rise and its catastrophic fall.