Latest news with #Non-Convertible
New Indian Express
02-08-2025
- Business
- New Indian Express
ICL Fincorp's new NCD issue opens on July 31, 2025, offering effective yield up to 12.62%
ICL Fincorp is proud to announce the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 31st July 2025. With an effective yield of up to 12.62%, this offering presents an attractive and secure investment opportunity for those seeking flexible tenures. Following the remarkable response to our previous NCD issues, which were oversubscribed, we are truly honoured by the trust and confidence placed in us by our valued investors. This continued support inspires us to deliver even more robust financial solutions tailored to the evolving needs of our customers. The NCD issue will remain open until 13th August 2025 and is rated CRISIL BBB- /STABLE. Each NCD carries a face value of ₹1,000,and the issue offers 10 schemes with ten options (10 ISINs), with interest rates ranging from10.50% to 12.00%. The minimum application amount is ₹10,000, making it accessible to a broad spectrum of investors. Proceeds from this issue will be strategically deployed to support ICL Fincorp's growth initiatives and further enhance the quality of services offered to our customers and stakeholders across India. This step reaffirms our commitment to delivering reliable, innovative and customer-centric financial solutions. With a legacy of 34 years, ICL Fincorp continues to serve as a trusted financial partner under the visionary leadership of CMD, Adv. K.G. Anilkumar. Our growing presence spans 9 states – Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, and West Bengal – as we move steadily towards establishing a pan-India footprint. The acquisition of Salem Erode Investments, a BSE-listed NBFC with a 93-year history in Tamil Nadu, has further reinforced our position in the financial sector. ICL Fincorp offers a comprehensive portfolio of services, including Gold Loans, Hire Purchase Loans and Business Loans. The ICL Group has also diversified into sectors such as travel, fashion, diagnostics and charitable initiatives. Under the joint leadership of CMD Adv. K.G. Anil Kumar and Mrs. Uma Anilkumar, Whole-time Director & CEO, ICL Fincorp, continues to operate in compliance with the Reserve Bank of India's standards, while earning the enduring trust of customers. As we unveil this new NCD issue, we warmly invite you to be a part of our journey towards financial growth, security and long-term value. (This is a press release and has not been vetted by our editorial team. All investments are subject to market risk. Do assess and decide.)
Mint
13-07-2025
- Business
- Mint
LIC-owned NBFC stock to be in focus on Monday; Here's why
LIC-owned NBFC stock Paisalo Digital will remain in focus on July 14, Monday after the company said it has partly redeemed 1200 non-convertible debentures (NCDs) on July 12. " We wish to inform that pursuant to issue terms of 9.95% Listed, Secured Redeemable Non-Convertible Debentures (Series- PDL042024, ISIN: INE420C07106) having face value of Rs. 1,00,000 each (NCDs), Company has partly redeemed 1200 NCDs on its maturity date i.e. July 12, 2025," the company said in an exchange filing dated July 13. The company further informed that the remaining 600 NCDs will mature on October 10, 2025. ' Further, in terms of issue the remaining 600 NCDs under the said ISIN will be matured on October 10, 2025,' the company added. Paisalo Digital share price was down 2.42 per cent to close at ₹ 30.68 on Friday, as compared to previous close of ₹ 31.44. The NBFC stock has descended over 29 per cent in six months and nearly 60 per cent in last one year. The company reported a 25 per cent rise in standalone net profit for the fourth quarter of FY2024-25, reaching ₹ 45 crore compared to ₹ 36 crore in the same period last year. Net interest income (NII) for the quarter stood at ₹ 96 crore, marking a 41 per cent year-on-year increase. Total interest income for the March 2025 quarter was ₹ 178.09 crore, up from ₹ 147.73 crore in the corresponding quarter of the previous year. Gross and Net Non-Performing Assets (GNPA and NNPA) rose to 0.99 per cent and 0.76 per cent respectively in Q4 FY 2025, up from 0.21 per cent and 0.02 per cent in Q4 FY 2024. The company stated in its investor presentation that it is actively strengthening its debt management systems to address this. Meanwhile, Paisalo Digital reported its highest-ever Assets Under Management (AUM) during the quarter, reaching ₹ 5,232.8 crore, marking a 14.10 per cent increase from ₹ 4,586 crore in Q4 FY 2024. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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.
