Debentures News

The two-wheeler major, however, did not disclose the reasons for raising the capital.

Indian companies have raised more than Rs 29,000 crore by issuing non-convertible debentures (NCDs) to retail investors in the first 11 months of 2016-17 to meet their business requirements.

During the third quarter of the running fiscal, LIC Housing Finance reported an increase of 19.2 percent in its net profit at Rs 499.26 crore.​

Private sector mortgage lender HDFC raising Rs 3,000 crore via masala bonds is expected to open the gates for other corporate peers to access this alternate source of funds, says Japanese financial services major Nomura.

The reworked India-Mauritius tax treaty has kept out derivatives and non-share securities like debentures from levy of capital gains tax in India as these are to be taxed only in host country, Mauritius.

 Adani Transmission today said the board has approved raising Rs 5,000 crore through issue of debentures or any other permissible debt securities denominated in rupees or any other foreign currency.

 Religare Enterprises will raise Rs 500 crore on a private placement basis by issuing non-convertible debentures.

The board also constituted a committee and delegated the powers for further actions in this regard, the filing added.

Realty firm Parsvnath Developers plans to raise up to Rs 1,000 crore through private placement of non-convertible debentures and is also looking at selling non-core assets to reduce debt.

The markets regulator is looking to recover penalties aggregating to nearly Rs 1,700 crore imposed on various entities.

A cumulative amount of Rs 42,383 crore had been garnered through 35 issues of NCDs in the entire 2013-14 fiscal.

Reserve Bank of India (RBI) said on Friday it has decided to include investments in non-convertible shares, redeemable preference shares and debentures within the $51 billion limit reserved for foreign investment in corporate debt in India.