The current COVID-19 induced situation facing the global economy is a black swan event with dislocation across the globe at a scale never seen before.
Dilip Buildcon said it has raised Rs 200 crore through an issue of non-convertible debentures (NCDs) on a private placement basis.
The Financial Recourse and Management Committee of the company's board has approved allotment of 2,500 secured redeemable NCDs of face value of Rs 10 lakh each aggregating to Rs 250 crore on a private placement basis, it said in a regulatory filing.
"A meeting of the duly authorised committee was held today, i.e. on 5th June, 2020, approving the allotment of 860 secured redeemable principal protected non-convertible market linked debentures (NCDs) aggregating to Rs 86 crore," the company said in a BSE filing.
"The financial recourse and management committee of the board of directors of the company held on June 1...has approved the allotment of 5,000 secured redeemable non-convertible debentures ...aggregating to Rs 5,00,00,00,000,... on a private placement basis to be listed on the BSE," Manappuram Finance said in a regulatory filing.
Highways builder Dilip Buildcon on Friday said it has raised Rs 100 crore through allotment of NCDs on a private placement basis. The company said it has allotted 1,000 Non Convertible Debentures (NCDs) of face value of Rs 10 lakh each.
"The allotment of 1,750 rated, listed, secured, redeemable non-convertible debentures (NCDs) having face value of Rs 10,00,000/ each aggregating to Rs 175 crore on private placement basis was approved by the Finance & Administration Committee of the Board of Directors of the company on May 27, 2020," it said in a regulatory filing to the BSE.
It allotted 5,000 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each, the company said in a BSE filing.
“The Board has also authorised the Committee of Directors to decide on matters and transactions relating to aforesaid proposed issuance and allotment of NCDs including but not limited to finalisation and approval of terms and conditions of issue, number of NCDs and timing of the issue from time to time,” the filing said.
"The management administration and share-transfer committee of the board of directors of the company at their meeting held today (on Thursday) has allotted secured, redeemable, listed, rated non-convertible debentures," the company said.
"3,000 Non-Convertible Debentures of face value of Rs 10 lakh each aggregating to Rs 300 crore have been allotted today, on a private placement basis, to ICICI Bank Ltd," according to a regulatory filing.
"An issue of 3,000 NCDs having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis has been approved today," the company said in a BSE filing.
"The Committee of Directors has today approved allotment of 10,000 –- 8.25 per cent unsecured, rated, listed, redeemable, NCDs of face value Rs 10,00,000 each, for cash aggregating to Rs 1,000 crore, to identified investor on private placement basis," Tata Steel said in a filing to BSE.
The meeting of administrative committee of the board of directors has approved the issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) on private placement basis, Piramal Enterprises said in a regulatory filing.
It said its board has also recommended seeking nod of shareholders to raise up to Rs 2,500 crore through issue of equity shares, convertible bonds etc through qualified institutional placement, among others.
The nationwide lockdown has impacted the company's cash flow position and the firm needs funds for its business continuity and growth over the next 12-18 months, Blue Star said in a regulatory filing.
The debt market is flushed with money after the Reserve Bank of India (RBI) opened a special repo operations called the targeted long term repo operations (TLTRO) on March 27, which offers banks funds at the repo rate which is currently pegged at 4.40 percent.
The most cash-rich company is also one of the most indebted corporates sitting on debt pile of over Rs 1.54 lakh crore as of March 2020.
Adani Ports and Special Economic Zone (APSEZ) on Monday said it has raised Rs 1,500 crore through allotment of Non-Convertible Debentures (NCDs) on private placement basis.
Tata Steel Ltd (TSL) on Monday said it has approved a proposal to raise up to Rs 7,000 crore through non-convertible debentures (NCDs).
Adani Transmission, an Adani group company, is the country's largest private transmission firm with a cumulative network of more than 14,800 circuit km.
In a regulatory filing the company said the Financial Recourse and Management Committee of the board of directors at its meeting held on Friday has approved the said fund raising plan.
The committee approved the "allotment of 950 Secured Redeemable Principal Protected Non Convertible Market Linked Debentures (NCDs) of face value of Rs 10,00,000 each, at par, aggregating to Rs 95 crore", it said.
In a regulatory filing the company said, the consideration for the acquisition is in the form of "upfront cash and non-convertible debentures which will mature in four equal instalments over a period of four years" whereby management control of FACOR will be taken by the company.
"The committee of whole-time directors of the Bank, today approved the allotment of 41,750 senior unsecured redeemable non-convertible debentures of the face value of Rs 10 lakh each, for cash, at par aggregating to Rs 4,175 crore," Axis Bank said in a regulatory filing.