Latest news with #NCDs
Business Standard
7 hours ago
- Business
- Business Standard
Board of Shyam Metalics & Energy approves NCD issuance up to Rs 3,000 cr
At meeting held on 22 July 2025 The board of Shyam Metalics & Energy at its meeting held on 22 July 2025 has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 3,000 crore subject to necessary approval of the members at general meeting and further subject to such other statutory/regulatory/other approvals, as applicable.
Economic Times
8 hours ago
- Business
- Economic Times
Lodha Developers raises over Rs 350 crore via NCDs
Lodha Developers has raised over Rs 350 crore through an issue of non-convertible debentures (NCDs). The company approved the allotment of 35,000 rated, listed, senior, secured, redeemable, taxable, and transferable NCDs on Monday. ADVERTISEMENT The NCDs carry a coupon rate of 3-month MIBOR plus a spread of 2.09%, translating to a current effective rate of 8.19% per annum, the company said in a regulatory filing. The coupon will reset quarterly, linked to the prevailing 3-month MIBOR, while the coupon payments will be made annually, starting July 21, 2026. The spread will be reduced by 10 basis points to 1.99% from the second coupon reset, i.e., six months after the deemed date of allotment. The redemption will take place at face value in eight quarterly instalments beginning March 31, 2026, with the final payment due on the maturity date of January 21, 2028. The securities are proposed to be listed on the Wholesale Debt Market segment of the Bombay Stock Exchange (BSE). The date of allotment for the NCDs is July 21, 2025. Ends (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
a day ago
- Business
- Time of India
Lodha Developers raises ₹350 crore via private placement of NCDs
NEW DELHI: Lodha Developers (formerly Macrotech Developers ) has raised ₹350 crore through a private placement of 35,000 rated, listed, senior, secured, redeemable, taxable, and transferable non-convertible debentures ( NCDs ), according to a regulatory filing with the stock exchanges on Monday. The debentures, carrying a face value of ₹1 lakh each, have been listed on the Wholesale Debt Market segment of BSE. The issuance was approved by the company's executive committee on July 21, 2025, with allotment and deemed date of allotment also on the same day. The NCDs carry a floating interest rate structure pegged to the three-month MIBOR with a spread of 2.09% per annum. Based on the prevailing MIBOR, the current coupon rate stands at 8.19% per annum. The coupon will reset quarterly and will be paid annually starting July 21, 2026. A downward revision in the spread by 10 basis points is scheduled from the second reset, six months after issuance. Redemption of the NCDs will be executed in eight equal quarterly instalments beginning March 31, 2026, with final maturity scheduled for January 21, 2028. The instrument is secured with a first-ranking charge over specified company assets, as outlined in the Key Information Document dated July 16, 2025. Additionally, the company recently raised ₹300 crore through the allotment of 30,000 NCDs at the same face value of ₹1 lakh each. These debentures offer a fixed interest rate of 7.96% per annum, payable quarterly starting September 30, 2025, and are scheduled to mature on July 7, 2028. The instrument is similarly secured, aimed at enhancing the company's funding profile and refinancing existing liabilities.
Yahoo
a day ago
- Health
- Yahoo
Fitness classes help elderly Ugandan women fight rising rates of obesity and diabetes
Fitness classes help elderly Ugandan women fight rising rates of obesity and diabetes JINJA, Uganda (Reuters) -Wearing floor-length dresses and wrap-around skirts, the group of elderly women giggle and tease each other as they jog in pairs, hand in hand, across a playing field in Kivubuka, a village in eastern Uganda. The exercise class is part of a project aimed at reducing increasing rates of noncommunicable diseases such as hypertension, diabetes and heart disease and has attracted more than 1,000 people since it began five years ago. While famine and malnutrition remain major concerns in several African countries, obesity is increasingly on the march, especially among Ugandan women. Jane Anonyaalaba, a grandmother, is one of those looking to buck the trend. She used to struggle with high blood pressure, persistent aches and occasional paralysis in her limbs. "I would breathe with difficulty. Climbing a hill was almost impossible," the 70-year-old said. Now, she bends over double to whack three tennis balls with a cricket bat before running between a set of blue plastic wickets. A quarter of a century ago, just 4% of Ugandan women were obese, but that figure had more than doubled to 10.4% by 2019, according to the latest available dataset provided by the Global Nutrition Report, which tracks global nutrition. By comparison, male obesity had risen to just 2.3%. Weekly fitness clubs like Kivubuka may be a model for a local, low-cost approach to supporting aging communities across Africa, where 17% of adult women and 6.8% of men are obese. As people lead more urban, sedentary lifestyles, and eat cheaper ultra-processed foods, the continent is becoming more obese, according to the World Health Organization (WHO). Obesity has brought a corollary rise in deaths: around one-third of Ugandans died from NCDs in 2016, almost double the number in 2000. "I want to think and believe that there (has been) a change in their lives," said Isaac Imaka, who organises the club on behalf of the Gabula Royal Foundation, a charity established by a Ugandan traditional leader. "This... is a place where you can come and find a new friend, and just have something to talk about." Solve the daily Crossword
Mint
a day ago
- Business
- Mint
Equitas Small Finance Bank declares raising of ₹500 crore fund via NCDs with 50% green shoe option
Equitas Small Finance Bank declares raising of ₹ 500 crore fund via NCDs with 50% green shoe option The board of Equitas Small Finance has approved the issuance of non-convertible debentures (NCDs) worth up to ₹ 500 crore through private placement. The proposed issue will consist of up to 50,000 rated, listed, unsecured, redeemable, fully paid-up subordinated NCDs, each having a face value of ₹ 1 lakh. These debentures will be categorized as Lower Tier II Capital in line with Basel II capital adequacy norms. The total issue size includes a green shoe option of up to 25,000 NCDs, amounting to ₹ 250 crore, allowing the company to raise additional funds depending on investor demand. The issuance will be done in a single series and will help strengthen the company's capital base. A green-shoe option is a provision that allows a company to raise additional funds by issuing more securities than initially planned, in case of strong investor demand. For non-convertible debentures (NCDs), this means the issuer can expand the total fundraising amount without launching a separate issue. It helps the company manage oversubscription efficiently and ensures better price and liquidity stability. In this case, the green-shoe option gives the company flexibility to raise an extra ₹ 250 crore—on top of the base issue of ₹ 250 crore—bringing the total potential issuance to ₹ 500 crore. The stock has declined over 29 percent in the past one year. After gaining 5.5 percent in June, it has dropped another 6 percent so far in July. The start of the year was marked by sharp volatility — the stock rose 4 percent in January, fell 14.5 percent in February, slipped 3.3 percent in March, surged 22 percent in April, and declined 5 percent in May.
