The company proposes to issue 1,70,000 NCDs of face value Rs 1 lakh each, aggregating to Rs 1,700 crore, on a private placement basis to eligible investors.
The company said the allotment committee of the board of directors of the company approved the allotment of 93,540 unsecured redeemable NCDs of the face value of Rs 1 lakh each, aggregating to Rs 935.40 crore.
The base size of the issue will be Rs 500 crore, Godrej Properties said, adding that there will be an option to retain oversubscription of up to Rs 250 crore
Under the mechanism, an entity should not be permitted to delist a few non-convertible debt securities while other non-convertible debt securities continue to remain listed.
The NCDs have been allotted on a private placement basis to identified investors at an interest rate of 7.58 percent per annum
In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis.
A total of 990 NCDs of face value of Rs 10 lakh each will be issued under the fundraising plan, KPTL said in a regulatory filing.
Vedanta Ltd on Saturday said a committee of directors has approved raising up to Rs 4,089 crore via debentures on a private placement basis.
The administrative committee of the board has approved the issue of secured, rated, listed, redeemable principal protected, market linked NCDs on private placement basis, Piramal Enterprises said in a regulatory filing.
The tenure of the NCDs is three years and the coupon rate is 8.25 percent.
In a regulatory filing, DLF informed that a finance committee, constituted by the board of directors, on Wednesday approved the company’s proposal.
The board of directors today decided to hike the limit for NCD issues on private placement basis by an amount of Rs 3,000 crore, Reliance Capital said in a regulatory filing.
"The company intends to raise funds through issue and allotment on private placement basis of 1,000 secured non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 100 crore," it said in a regulatory filing.
Indiabulls Housing Finance Ltd (IBHFL) today pre-closed its bonds issue after it received bids of over Rs 7,200 crore, more than twice the offer size.
"The company has allotted secured, redeemable, non-convertible debentures, for an amount aggregating to Rs 7,030 crore on a private placement basis, from July 1, 2016 till date," Indiabulls Housing Finance said in a regulatory filing.
The NCDs are proposed to be listed on the National Stock Exchange and BSE.
Cash-strapped infrastructure firm Jaiprakash Associates Ltd (JAL) today said it has failed to pay a total of Rs 36.25 crore in principal installment and interest for NCDs due April 25.
"The company has raised Rs 1,000 crore...on July 18, 2016 by allotment of 10,000 Rated, Listed, Secured, Taxable, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each on private placement basis," the company said in a filing to BSE.
The funds have been mobilised for expansion, support working capital requirements and other general corporate purposes.
Tata Power on June 15 said its arm Tata Power Renewable Energy Ltd has raised Rs 575 crore through issuance of non-convertible debentures (NCDs) on private placement basis
"In the meeting of administrative committee of board of directors of the company held on June 10, 2016, the committee approved the issue of secured non-convertible debentures (NCDs) aggregating up to Rs 300 crore on a private placement basis," Piramal Enterprises said in a regulatory filing.
Crompton Greaves Consumer Electricals Ltd (CGCEL) said its shareholders have approved raising up to Rs 700 crore through the issuance of non-convertible debentures (NCDs) on private placement basis
This is on top of the Rs 33,812 crore garnered in the entire preceding financial year, according to the latest data with the Securities and Exchange Board of India.
The fund-raising is part of the company's plan to mop up Rs 4,400 crore through issuance of NCDs in one or more tranches on a private placement basis.
As per the latest data with the Securities and Exchange Board of India, this is on top of Rs 33,812 crore garnered in the entire preceding financial year.