MUMBAI, 16 March, 2017 (GPN): BNP Paribas Asset Management India Pvt Ltd (Indian arm of BNP Paribas Investment Partners) today announced the launch of BNP Paribas Balanced Fund. The open-ended fund, aimed at investors seeking…
· Paperless, overdraft facility against shares in under 3 minutes · To benefit first-time borrowers with no credit history Mumbai, March 15, 2017 (GPN) : In a first in the country,HDFC Bank Ltd., today launched an instant…
Shankara Building Products Limited – Initial Public Offer to open on Wednesday, March 22, 2017, and to close on Friday, March 24, 2017 Price Band fixed from Rs. 440 to Rs. 460 per Equity Share…
Mumbai, 14th March, 2017 (GPN) : CL Educate Limited (the “Company” or “Issuer”) proposes to open on Monday, 20th March 2017, an initial public offering of up to 4,760,000 equity shares of face value of Rs. 10 each (the…
Mumbai, March 6, 2017 (GPN) :Birla Sun Life Insurance (BSLI), the life insurance arm of the Aditya Birla Financial Services Group (ABFSG), a significant non-bank financial services company, is the first life insurance company in…
· Public issue of Equity Shares aggregating upto Rs. 18,700 MILLION · The minimum Bid lot is 50 Equity Shares and in multiples of 50 Equity Shares thereafter · Issue opening date – March 8, 2017 and Issue…
Mumbai, February 27, 2017 (GPN) : Life Insurance Corporation of India (LIC of India), India’s largest life insurer, has announced its audited figures for nine months ended December 2016. The Corporation posted a robust growth of…
Mumbai, February 8, 2017 (GPN) : Geojit, one of the leading financial services intermediaries, today announced the formal change of its name and unveiled a new logo as part of a rebranding exercise that also coincides…
Mumbai, January 17, 2017 (GPN) : BSE Limited (the“Exchange” or “Issuer” or “BSE”) proposes to open on Monday, January 23, 2017, an initial public offering of up to 15,427,197 equity shares of face…
RELIANCE HOME FINANCE LIMITED TO RAISE RS 1,000CRORE (US$ 14.7 MILLION) AS BASE ISSUE SIZE, WITHAN OPTION TO RETAIN OVERSUBSCRIPTION S ECURED NCDs RATED CARE AA+:STABLE AND BWRAA+:OUTLOOK STABLE UNSECURED NCDs RATED CAREAA:STABLE AND BWR AA:OUTLOOK STABLE SECURED NCDs OFFERED FOR A TENURE OF 3,5 AND 10 YEARS AT COUPON RATE VARYINGFROM 8.7% TO 9.15 % UNSECURED NCDs OFFERED FOR A TENURE OF15 YEARS WITH A CALL OPTION AFTER 10YEARS AT COUPON RATES VARYING FROM 9.25% TO 9.4% NCDs TO BE LISTED ON BOTH NSE AND BSE ISSUE OPENS ON THURSDAY, DECEMBER 22, 2016 Mumbai, December 22, 2016 (GPN) : Reliance Home FinanceLtd. (RHFL), a 100 per cent subsidiary of RelianceCapital and a part of Anil D. Ambani led Reliance Group,today announced its maiden public issue offeringSecured Redeemable Non-Convertible Debentures(Secured NCDs) and Unsecured Redeemable Non-Convertible Debentures (Unsecured NCDs). The Company proposes to raise Rs 1,000 crore(US$14.7 million), as base issue size, by offeringSecured NCDs and Unsecured NCDs at a face value ofRs 1,000 each. The Unsecured NCDs will be in thenature of subordinated debt and will be eligible forinclusion as Upper Tier II Capital. The NCDs will be issued in one or more tranches up tothe shelf limit, on terms and conditions as set out in theTranche 1 Prospectus. The Company will use the amount for the purpose ofonward lending, financing, and for repayment/prepayment of interest and principal of existingborrowings and for general corporate purposes. “India’s mortgage-to-GDP ratio is still low at 10% in 2015-16 compared with other developing countries but it hasimproved from 7.4% in 2009-10. The recent push by thegovernment to provide ‘Housing for All’ by 2022 andvarious steps taken to implement the same, areexpected to boost sales of affordable and low-costhousing units and consequently, financing for thesame”, said Mr Ravindra Sudhalkar, CEO, Reliance HomeFinance. The Secured NCDs have been rated CARE AA+: Stableby Credit Analysis and Research Limited (CARE) andBWR AA+ Outlook: Stable by Brickwork Ratings IndiaPrivate Limited (Brickwork). These ratings indicate thatthe instruments are considered to have high degree ofsafety regarding timely servicing of financialobligations and carry very low credit risk**. The Unsecured NCDs have been rated CARE AA:Stableby CARE and BWR AA Outlook: Stable by Brickwork. Theratings indicate that instruments are considered to havehigh degree of safety regarding timely servicing offinancial obligations and carry very low credit risk**. The NCDs are being issued to Institutional, Non-Institutional, HNIs and Retail…
