In August, the board had made an enabling approval for raising of funds, by issue of NCDs, bonds and/or other debt securities on a private placement basis, in one or more tranches, for an amount not exceeding Rs 2,000 crore.
The committee took note of the letter from BSREP II India Office Holdings II Pte Ltd (a member of the sponsor Group) expressing their support towards the closure of the acquisitions of Kairos Property Managers and Candor Gurgaon One Realty Projects.
The tenue of the instrument, date of allotment and date of maturity will be determined by the Committee for each Tranche at the time of finalization of the terms of such Tranche.
The bank's Executive Committee of the Central Board will meet on November 29 to consider raising funds through infrastructure bonds
In FY22, the amount raised through public issuances of corporate bonds was just about two percent of the amount raised through private placements
Pursuant to an agreement in February, the bank has concluded a private placement of its equity shares and raised Rs 240.47 crore by allotting 89,061,647 equity shares at Rs 27 per equity share to six investors, the lender said in a statement.
Ahead of its proposed merger with parent SBI, State Bank of Travancore (SBT) will raise up to Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement.
The company has successfully completed issuance of non convertible debentures (NCDs) aggregating to Rs 495 crore for cash at par on a private placement basis, Jubilant Life Sciences said in a regulatory filing.
Public sector IDBI Bank has mopped up Rs 1,000 crore through private placement of Basel-III compliant bonds.
Tata group hospitality firm Indian Hotels Company Ltd (IHCL) today said it has raised Rs 495 crore by issuing non-convertible debentures (NCDs) on private placement basis.
The Board will consider a bonus issuance in its Board meeting on January 25; the company will also consider raising funds by issuing bonds on a private placement basis.
State-owned Vijaya Bank today raised Rs 325 crore through private placement of bonds to fund business growth.
Bank of Maharashtra today said it has raised Rs 500 crore by issuing Basel III compliant bonds on a private placement basis.
State-owned NHPC today said that its board has approved raising Rs 2,250 crore through issuance of corporate bonds on private placement basis.
"The Debenture Issue Committee has, at its meeting held November 11, 2016, allotted 8.24 percent 4,000 unsecured non-convertible debentures of face value of Rs 10 lakhs each aggregating to Rs 400 crore in two tranches of Rs 200 crore each," Great Eastern Shipping Company said in a filing to BSE.
"A meeting of the Securities Allotment Committee of the Board of Directors will be held on October 5, 2016 to consider and approve the private placement of rated, listed, secured, redeemable non-convertible securities in the nature of debentures," it said in a regulatory filing.
SE Investments has logged good gains after the company's board approved a proposal of raising funds by way of issue of unlisted unsecured non-convertible redeemable debentures for an amount of Rs 95 crore on private placement basis.
The funds would be raised in one or more tranches/series not exceeding 30, through private placement, in domestic market for capex, working capital and general corporate purpose, NTPC said in a statement.
The decision came in the wake of a resolution that was passed by the shareholders at an AGM held in September last year, it said further.
In a regulatory filing, HDFC said the board of directors has granted its approval for issuance of secured redeemable non-convertible debentures (NCDs) aggregating Rs 35,000 crore on a private placement basis under a Shelf Disclosure Document.
Last month, the Mumbai-based company had announced plans to raise up to Rs 200 crore through issue of NCDs on private placement basis. So far, the company has raised Rs 151 crore in four tranches.
Public-sector Oriental Bank of Commerce on June 13 said it will raise up to Rs 1,000 crore on private placement by issuing bonds
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
Manappuram Finance on May 21 said it will raise up to Rs 150 crore by issuing debentures on private placement
According to latest data available with Securities and Exchange Board of India (Sebi), firms raked in Rs 4,58,073 crore last fiscal, which ended on March 31, through private placement of corporate bonds.