Latest news with #Non-Convertible
Business Standard
15-05-2025
- Business
- Business Standard
Board of Omaxe approves NCD issuance of Rs 199 cr
At meeting held on 15 May 2025The Board of Omaxe at its meeting held on 15 May 2025 has approved fund raising by way of issuance of up to 1994 Unrated Senior Secured Non-Convertible Debentures, (NCDs) having a face value of INR 10,00,000 each aggregating to Rs.199.40 crore, in one or more tranches, on a Private Placement basis. Powered by Capital Market - Live News
Mint
13-05-2025
- Business
- Mint
LIC-owned NBFC stock jumps 4% after fundraise move. Do you own?
Stock market today: LIC-owned non-banking finance company (NBFC) Paisalo Digital jumped over 4% in intraday trade on Tuesday, May 13, following the announcement of the board meeting date to consider raising funds. Paisalo Digital, a small-cap stock below ₹ 50, announced on Monday, post-market trading hours, that its board will meet on May 15, 2025, to consider and approve the fundraising proposal. "... we would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on May 15, 2025 to consider and approve the fund raising proposal by way of issuance of Listed, Secured, Non-Convertible Debentures on Private Placement basis," said the company in a filing on Monday.
India.com
08-05-2025
- Business
- India.com
Stock market news: NBFC stock gains 10% in volatile market on fundraise announcement
Shares of a non-banking financial company gained over 10 per cent on Thursday, i.e. May 6,2025 even as the market remained volatile. The stock opened gap up at Rs 0.40 with a gain of 2.56 per cent from the previous close of Rs 0.39 on the BSE. It gained further to touch the intraday high of Rs 0.43. This is a surge of over 10 per cent from the previous close. Last seen, the counter was trading at Rs 0.41 with a gain of 5.13 per cent. The stock under discussion is Standard Capital, and it has gained as the board has authorised the allocation of 7900 unrated, unlisted, secured NCDS with face values of Rs 1 lakh each at an issue price of Rs 1 lakh, the company previously told the exchanges. 'In furtherance to our intimation letter dated April 30, 2025 & May 02, 2025 & 05th May 2025 relating to raising funds by the issue of Non-Convertible Debentures ('NCDs') on Private Placement basis and by Regulation 30 of SEBI LODR Regulations, we wish to inform you that the Board of Directors of the Company by circulation held today, i.e. Tuesday, May 06, 2025, has inter- alia, considered and approved the allotment of 7900 unrated, unlisted, secured NCDs, of face value of Rs. 1,00,000/- each at an issue price of Rs. 1,00,000/- each aggregating to INR 79,00,00,000 (Indian Rupees Seventy Nine Crores Only) on Private Placement basis in terms of Private placement cum application letter,' the company said in a exchnage filing. Meanwhile, benchmark indices Sensex and Nifty began the day on an optimistic note on Thursday, but later turned volatile. The 30-share BSE benchmark gauge climbed 181.21 points to 80,927.99 in early trade. The NSE Nifty went up by 32.85 points to 24,447.25. Investors stayed on the sidelines amid rising geopolitical tensions. In a strong retaliation to the Pahalgam massacre, India's armed forces early on Wednesday destroyed nine terror sites, including those of Jaish-e-Mohammad and Lashkar-e-Taiba in Pakistan and Pakistan-occupied Kashmir (PoK) using deep strike missiles in a 25-minute-long 'measured and non-escalatory' mission.
Hans India
03-05-2025
- Business
- Hans India
Appi Reddy knocks HC doors against govt
Amaravati: YSRCP MLC Lella Appi Reddy on Friday filed a Public Interest Litigation (PIL) in the Andhra Pradesh High Court, strongly objecting to the State government's move to permit a private party to approach the RBI and access the Consolidated Fund of the State. This development is with respect to the proposed Non-Convertible Debentures issuance by the Andhra Pradesh Mineral Development Corporation (APMDC). He argued that this provision is unconstitutional, as it bypasses legislative approval and violates Articles 203, 204, and 293 of the Constitution. He urged the Court to declare the move illegal and sought a stay on further proceedings. In the PIL, Appi Reddy expressed serious concern that private bond holders or debenture trustees could be allowed to withdraw funds directly from the State's consolidated fund in total violation of the Constitutional provisions providing for legislative oversight. He stated that such access undermines the principles of financial accountability and violates the Constitution's framework for public finance. The PIL also questioned the government's decision to grant lease rights over 436 minor mineral quarries to APMDC without any open bidding or competitive process. He argued that this violates the AP Minor Mineral Concession Rules and allows public resources to be used without transparency or oversight. Further, the APMDC was permitted to mortgage these mineral rights to private entities, who were also empowered to transfer or sell them without government approval. The petitioner termed this a dangerous and unlawful handover of State-owned assets. Appi Reddy requested the High Court to strike down the entire scheme as unconstitutional and arbitrary, and to halt the issuance of NCDs backed by public assets. The PIL aims at safeguarding the State's resources and financial integrity from being misused for private financial arrangements.
Hindustan Times
02-05-2025
- Business
- Hindustan Times
Godrej Properties profit down 19 pc in Jan-Mar to ₹382 cr; plans to raise up to ₹2K cr
New Delhi, May 2 (PTI) Realty firm Godrej Properties on May 2 reported a 19 per cent decline in its consolidated net profit to ₹381.99 crore for the latest March quarter despite higher income and announced plans to raise debt up to ₹2,000 crore. Its net profit stood at ₹471.26 crore in the year-ago period. Total income increased to ₹2,681.06 crore in the fourth quarter of the last fiscal year from ₹1,914.82 crore in the corresponding period of the preceding year, according to a regulatory filing. During the January-March quarter, the company's tax outgo rose to nearly ₹190 crore while it incurred a loss of ₹35.36 crore in some joint ventures. However, Godrej Properties net profit rose 93 per cent to ₹1,399.89 crore during 2024-25 from ₹725.27 crore in the preceding fiscal. Total income grew to ₹6,967.05 crore last fiscal from ₹4,334.22 crore in the 2023-24 fiscal. The board also approved raising of up to ₹2,000 crore fund, by issue of Non-Convertible Debentures, Bonds, and/ or other debt securities on a private placement basis, in one or more tranches. Commenting on the performance, Pirojsha Godrej, Executive Chairperson of Godrej Properties, said, the company "delivered a record-breaking financial year 2025 with its highest ever bookings, collections, operating cashflows, earnings and deliveries as well as a strong year for business development." Godrej Properties sales bookings rose 31 per cent to a record ₹29,444 crore last fiscal from ₹22,527 crore in the preceding year. The company is set to become the largest listed real estate developer last fiscal in terms of sales bookings. In market capitalisation, DLF is India's largest real estate company. Pirojsha said this is the 8th consecutive year of booking value growth, indicating the resilience of the company to grow through various macroeconomic cycles. "Our sales bookings over the last 3 years have compounded at an annual growth rate of 55 per cent. Through this, Godrej Properties has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value," he highlighted. Pirojsha noted that India's housing market has been strong over the past few years and believed the sectoral tailwinds to continue over the next few years. "Our business development additions with a future booking value of ₹26,450 crore in 2024-25 will ensure that we continue to have a strong launch pipeline in the years ahead. "Furthermore, the equity capital of ₹6,000 crore we raised through a QIP (Qualified Institutional Placement) in December 2024 combined with the record operating cash flow of ₹7,484 crore we generated in FY25 will enable us to continue to invest for growth," Pirojsha said. In the next fiscal, he said the company has given a sales bookings guidance of over ₹32,500 crore through the launch of a large number of new projects combined with strong sustenance sales. "This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of continuing the momentum in FY26," Pirojsha said. Godrej Properties is one of the leading real estate developers in the country.
