convertible debentures

Air India makes cash surplus, hopes for a turnaround


September 12th, 2012 - 7:27 pm ICT by IANS
New Delhi, Sep 12 (IANS) Air India Wednesday reported a cash surplus of Rs.48 crore during April-July 2012, reducing the net losses of the financially-stressed airline.The national carrier had a ... Read more...

Posted in Business |

Court asks Sahara to return Rs.17,000 crore to investors (Lead)


August 31st, 2012 - 1:08 pm ICT by IANS
New Delhi, Aug 31 (IANS) The Supreme Court Friday directed Sahara group's real estate company to return with a 15-percent interest the Rs.17,000 crore ($3.5 billion) it had mopped up ... Read more...

Posted in Business |

Rs.2 bn equity investment in Srei Equipment Finance okayed


August 11th, 2012 - 12:35 am ICT by IANS
Kolkata, Aug 10 (IANS) Kolkata-based infrastructure and construction equipment financing company Srei Infrastructure Finance Ltd. (SIFL) and French financial major BNP Paribas have approved equity investment of up to Rs.2 ... Read more...

Posted in Business |

Air India to raise Rs.7,400 crore in three months


July 16th, 2012 - 5:52 pm ICT by IANS
New Delhi, July 16 (IANS) Cash-strapped national carrier Air India is expected to generate Rs.7,400 crore (over $1,640 million) by issuing government-backed non-convertible debentures (NCDs) within the next three months, ... Read more...

Posted in Business |

SC reserves verdict on Sahara group plea (Lead)


June 14th, 2012 - 11:11 pm ICT by IANS
New Delhi, June 14 (IANS) The Supreme Court Thursday reserved its verdict on a plea by Sahara group of companies, dealing in real estate and housing, challenging a tribunal's direction ... Read more...

Posted in Business |

SC reserves verdict on Sahara group plea


June 14th, 2012 - 10:28 pm ICT by IANS
New Delhi, June 14 (IANS) The Supreme Court Thursday reserved its verdict on a plea by Sahara group of companies, dealing in real estate and housing, challenging a tribunal's ... Read more...

Posted in Business |

Sahara firm bypassed norms to raise funds, SC told


June 12th, 2012 - 9:23 pm ICT by IANS
New Delhi, June 12 (IANS) The SEBI Tuesday told the Supreme Court that the real estate arm of the Sahara group of companies had no right to mobilise Rs.27,000 crore ... Read more...

Posted in Business |

Sahara firm bypassed norms to raise funds, SC told


June 12th, 2012 - 9:23 pm ICT by IANS
New Delhi, June 12 (IANS) The SEBI Tuesday told the Supreme Court that the real estate arm of the Sahara group of companies had no right to mobilise Rs.27,000 crore ... Read more...

Posted in Business |

SBI teams with Geojit BNP Paribas for NRI stocks investments


June 4th, 2012 - 6:59 pm ICT by IANS
Kochi, June 4 (IANS) Geojit BNP Paribas Financial Services and State Bank of India inked an agreement to extend Portfolio Investment Services (PIS) to non-resident Indian (NRI) customers, mainly ... Read more...

Posted in Business |

Market regulator at fault in Sahara case, apex court told (Lead)


May 30th, 2012 - 9:38 pm ICT by IANS
New Delhi, May 30 (IANS) The Supreme Court was Wednesday informed that the stock market regulator could not have taken up the issue of Sahara group of companies mopping up ... Read more...

Posted in Business |

Kingfisher Airlines no longer UB subsidiary


May 10th, 2012 - 11:47 pm ICT by IANS
Mumbai, May 10 (IANS) Vijay Mallya-led United Breweries (Holdings) Thursday said that Kingfisher Airlines has ceased to be its subsidiary after the carrier allotted shares against optionally convertible debentures to ... Read more...

Posted in Business |

Air India to import aircraft turbine fuel direct


March 27th, 2012 - 9:22 pm ICT by IANS
Mumbai, March 27 (IANS) In a move that will improve the finances of Air India, the airline's board Tuesday approved direct import of Aviation Turbine Fuel, an official said here.For ... Read more...

Posted in Business |

Apex court extends interim relief for Sahara group firms (Lead)


January 9th, 2012 - 11:29 pm ICT by IANS
New Delhi, Jan 9 (IANS) The Supreme Court Monday admitted a plea by two Sahara group companies challenging the Securities Appellate Tribunal's order directing them to refund Rs.17,400 crore mopped ... Read more...

Posted in Business |

Apex court notice to SEBI on Sahara companies’ plea


November 28th, 2011 - 8:44 pm ICT by IANS
New Delhi, Nov 28 (IANS) The Supreme Court Monday issued notice to the securities and exchange regulator and the central government on a plea of two Sahara group companies which ... Read more...

Posted in Business |

Kingfisher Airlines’ board approves Rs.2,000 crore rights issue


August 26th, 2011 - 5:22 pm ICT by IANS
New Delhi, Aug 26 (IANS) The Vijay Mallya-led Kingfisher Airlines Friday said its board has approved a proposal to raise funds up to Rs.2,000 crore through rights issue."Board at its ... Read more...

Posted in Business |

Private equity firm Apollo to invest Rs.2,250 crore in Welspun group firms


June 29th, 2011 - 1:33 pm ICT by IANS
Mumbai, June 29 (IANS) One of the world's leading private equity firms, Apollo Global Management will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and ... Read more...

Posted in Business |

JPC to quiz nine former telecom secretaries (Lead)


June 8th, 2011 - 9:48 pm ICT by IANS
New Delhi, June 8 (IANS) Nine former telecom secretaries, including the jailed Siddharth Behura, will testify next month before the Joint Parliamentary Committee (JPC) probing India's telecom pricing policy in ... Read more...

Posted in Business |

After new norms, microfinance firm Ujjivan raises funds


January 5th, 2011 - 4:48 pm ICT by IANS
Mumbai, Jan 5 (IANS) Bangalore-based Ujjivan Financial Services Wednesday said it is now among the first microfinance institutions to raise money from the international markets after the clampdown on such companies by ... Read more...

Posted in Business |

REC gets RBI nod to raises FII stake limit to 35 percent


October 1st, 2010 - 5:01 pm ICT by IANS
New Delhi, Oct 1 (IANS) State-owned Rural Electrification Corporation (REC) said Friday it has got approval from the Reserve Bank of India to raise the foreign institutional investor stake limit in the ... Read more...

Posted in Business |

Government clears foreign investment worth Rs.2,325 cr


March 29th, 2010 - 8:21 pm ICT by IANS
New Delhi, March 29 (IANS) The government Monday approved 23 foreign direct investment (FDI) proposals worth Rs.2,325.21 crore, rejected six and deferred decision on eight.Among the approved proposals were Tikona Digital ... Read more...

Posted in Business |

L&T Finance to raise Rs.400-500 crore by March


February 11th, 2010 - 5:47 pm ICT by IANS
Kolkata, Feb 11 (IANS) Engineering major Larsen & Toubro's financial services arm, L&T Finance Ltd, would raise another Rs.400-500 crore through debt after its current Rs.500 crore fund raising through an issue ... Read more...

Posted in Business |

Reliance Industries share case will be taken seriously: Khurshid


December 22nd, 2009 - 7:57 pm ICT by IANS
New Delhi, Dec 22 (IANS) The letter from the markets watchdog calling for action against Reliance Industries for alleged irregularities in the private placement and buy-back of shares will be looked at ... Read more...

Posted in Business |

Happy days are back for India’s realty industry


October 4th, 2009 - 3:35 pm ICT by IANS
By Anuradha Shukla New Delhi, Oct 4 (IANS) India's realty industry is all set to be lit up this Diwali. The pointers: At least 12 public offerings, a slew of new projects and ... Read more...

Posted in Business |

Prospects bright for qualified institutional placements: Report


September 9th, 2009 - 6:53 pm ICT by IANS
Mumbai, Sep 9 (IANS) Companies wanting to go the qualified institutional placement (QIP) route to generate funds will find encouragement in the fact that most earlier ventures have handed out more than ... Read more...

Posted in Business |

New Maytas management weighing capital raising options


September 1st, 2009 - 5:51 pm ICT by IANS
Hyderabad, Sep 1 (IANS) Infrastructure Leasing and Financial Services (IL&FS), the new management of city-based construction firm Maytas Infra, Tuesday said it would look at recapitalising the company through routes like a ... Read more...

Posted in Business |

LIC Housing plans dwelling units for senior citizens


August 14th, 2009 - 6:40 pm ICT by IANS
Chennai, Aug 14 (IANS) Housing financer LIC Housing Finance is planning to build homes for senior citizens in Jaipur and Bhubaneswar, said a top company official here Friday. "We have acquired seven acres ... Read more...

Posted in Business |

HDFC to raise Rs.4,000 crore via private placement


July 22nd, 2009 - 11:17 pm ICT by IANS
Mumbai, July 22 (IANS) Housing Development Finance Corp (HDFC) Wednesday said it will raise Rs.4,000 crore ($826 million) through private placement of securities. The company has sought its shareholders' approval for issuance ... Read more...

Posted in Business |

Shriram Finance eyes construction equipment financing


July 22nd, 2009 - 6:23 pm ICT by IANS
Kolkata, July 22 (IANS) Non-banking finance company Shriram Transport Finance is planning to foray into construction equipment financing, a company official said here Wednesday. "We are planning to get into the business of ... Read more...

Posted in Business |

India Welcomes FDI from Bangladesh


April 9th, 2009 - 8:31 pm ICT by ANI
London, Apr.9 (ANI): The recent liberalisation of RBI removing the ban on Foreign Direct Investment (FDI) from Bangladesh may lead towards a stable and secure trade relation between India and Bangladesh. India's ... Read more...

Posted in South Asia |

Government releases Rs.200 bn for non-banking financial companies


January 9th, 2009 - 4:26 pm ICT by IANS
New Delhi, Jan 9 (IANS) The government Friday released Rs.200 billion (Rs.20,000 crore/$4 billion) to meet the liquidity requirements of non-financial banking companies (NBFCs)."The measure has been taken because the RBI (Reserve ... Read more...

Posted in Uncategorized |

Mortgaged shares’ sale reduces Satyam promoters’ holding


January 6th, 2009 - 11:28 pm ICT by IANS
Bangalore, Jan 6 (IANS) The sale of mortgaged shares of Satyam promoters by Infrastructure Leasing and Financial Services (IL&FS) has further reduced their minority holding in the beleaguered IT bellwether, a company ... Read more...

Posted in Uncategorized |

Leasing firm admits selling Satyam’s pledged shares


January 6th, 2009 - 8:19 pm ICT by IANS
Bangalore, Jan 6 (IANS) Infrastructure Leasing and Financial Services (IL&FS) Ltd has sold over 24.5 million equity shares of besieged Satyam Computer Services that were pledged with debenture holders lenders, the leading ... Read more...

Posted in Business |

Axis bank invests Rs 250 Crore in Lavasa at Rs. 10,000 Cr. valuation


June 26th, 2008 - 10:27 pm ICT by ANI
Mumbai, June 26 (ANI/Business Wire India ): Axis Bank has invested Rs. 250 crores in Lavasa Corporation Limited (Lavasa), a subsidiary of HCC (Hindustan Construction Company Limited) in the form of ... Read more...

Posted in Life Style |

Tata Steel garners Rs.20 bn through NCDs


May 8th, 2008 - 8:43 pm ICT by admin
Mumbai, March 8 (IANS) India's metal major Tata Steel Ltd has raised Rs.20 billion through private placement of redeemable non-convertible debentures (NCDs) as part of its long-term financing plans. The NCD issue ... Read more...

Posted in Business |

Mahindra to raise funds through debentures


May 3rd, 2008 - 5:23 pm ICT by admin
Mumbai, May 3 (IANS) India's leading multi utility vehicle maker Mahindra and Mahindra will raise additional resources through issuance of fully and compulsory convertible debentures to Golboot Holdings Limited, an entity controlled ... Read more...

Posted in Business |

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