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New Delhi, Oct 27 (PTI) Markets regulator Sebi on Monday proposed to allow debt issuers to offer incentives in public issues to certain categories of investors, including senior citizens, women and retail subscribers, to encourage greater retail participation in the bond market and revive interest in public debt issuances. Currently, Regulation 31 of the Sebi (Issue and Listing of Non-Convertible Securities) Regulations, 2021 prohibits any person connected with an issue from offering incentives ...Read More >
Kochi: Muthoot Capital Services Ltd has announced plans to raise ₹100 crore through a private placement of non-convertible debentures (NCDs). The company will issue 10,000 NCDs, each worth ₹1 lakh. The Kochi-based non-banking financial company (NBFC) said that the debentures will carry an annual coupon rate of 10.35 per cent. Non-convertible debentures are a type of debt instrument issued by companies to raise money from investors. They are called non-convertible because they cannot be convert ...Read More >
Chandigarh, June 06, 2025: Mining Major Vedanta Ltd. plans to deploy funds from the ₹5000 crore raised through its unsecured non-convertible debenture (NCD) issue to pay-down a high-cost private credit facility of ₹3,400 crore, potentially reducing its annual interest burden by at least ₹350 crore, according to a person familiar with the matter. The remaining funds will likely be used for ongoing Capex requirements, general corporate purposes, and repayment or prepayment of existing debts, the p ...Read More >
New Delhi: Mining Major Vedanta Ltd plans to utilise Rs 5,000 crore raised through its unsecured non-convertible debenture (NCD) to retire high-cost debt, that will save an estimated Rs 350 crore in interest outgo, sources said.It will also use a part of the proceeds to fund its growth capex, sources added. Mining conglomerate Vedanta Ltd had last week said the committee of directors has approved raising up to Rs 5,000 crore via issuance of debentures. The mining major plans to deploy funds fro ...Read More >
Bank of India (BOI) has raised ₹5,000 crore from a long-term bond (infrastructure) issue on a private placement basis. Bids amounting to ₹13,700 crore were received and the issue was oversubscribed by 6.85 times against the base issue size of ₹2,000 crore. It also had a green shoe option of ₹3,000 crore. The bank has decided to accept bids of ₹5,000 crore at coupon rate of 7.41% per annum, State-owned lender said in a filing on Wednesday. The issue was an unsecured, subordinated, redeemable, n ...Read More >
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