Latest news with #Non-ConvertibleDebentures
Time of India
01-08-2025
- Business
- Time of India
BIAL completes India's largest unlisted bond issuance in the airport sector, raising Rs 9,000 crore
Bangalore International Airport Limited ( BIAL ), operator of Kempegowda International Airport Bengaluru on Friday announced that it has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. The deal is completed, officials said. The transaction is being undertaken in two tranches of Rs 4,362 crore completed on July 25, 2025, and Rs 4,638 crore scheduled for early October 2025. SBICAPs acted as the sole arranger for this landmark issuance, it said. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management MCA PGDM Product Management Artificial Intelligence Degree Management Public Policy Technology Others Data Science Digital Marketing Cybersecurity others Operations Management Data Analytics Data Science Leadership Design Thinking Finance Healthcare CXO healthcare MBA Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details According to an official statement, with a 15-year tenure, the refinancing allows BIAL to conserve capital and focus resources on funding future expansion plans. The transaction also provides significant savings in borrowing cost, driven by the AAA credit rating , a shift from MCLR-linked (Marginal Cost of funds-based Lending Rate) to fixed interest rate, and the extended maturity profile. Bonds Corner Powered By BIAL completes India's largest unlisted bond issuance in the airport sector, raising Rs 9,000 crore Bangalore International Airport Limited (BIAL), operator of Kempegowda International Airport Bengaluru on Friday announced that it has successfully concluded the largest unlisted private placement of Non-Convertible Debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. Long-dated euro zone bonds sell off; Trump slaps on tariffs Trump's tariffs hit India: What it means for GDP, debt and equity markets GMR Airports finalises details of its biggest bond issue: Report India 10-year bond yield tests key level amid weaker rupee, hawkish Fed Browse all Bonds News with "This landmark issuance is a significant milestone for BIAL as it not only reflects strong investor confidence in our long-term vision, but also strategically strengthens our financial position ahead of the next phase of expansion. The refinancing enables us to optimise our capital structure. Importantly, the long-tenor structure and improved credit rating will translate into greater value for our stakeholders, including passengers and airline partners, through enhanced affordability and infrastructure development," Bhaskar Rao, Chief Financial Officer, BIAL, added. Live Events BLR Airport is India's first greenfield airport developed under the PPP (Public Private Partnership) model. It is the busiest airport in South India and the third largest in the country, the statement added.
News18
28-07-2025
- Business
- News18
Omaxe raises Rs 431 cr through issue of debentures for biz growth
Agency: PTI Last Updated: New Delhi, Jul 28 (PTI) Realty firm Omaxe Ltd has raised Rs 431 crore through the issue of debentures on a private placement basis for business growth. In a regulatory filing on Monday, the company informed that its subsidiary — Omaxe New Chandigarh Developers Pvt Ltd, has raised Rs 431 crore by issuance and allotment of 43,100 Non-Convertible Debentures (NCDs) of face value Rs 1 lakh each through private placement. Recently, Omaxe announced an acquisition of a 450-acre land parcel in Indore to develop a township at an investment of Rs 1,200 crore. Omaxe, which is one of the leading real estate firms in the country, has a presence in 30 cities across eight states of North and Central India. It has delivered more than 135 million sq ft of area since inception. PTI MJH DRR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
United News of India
25-07-2025
- Business
- United News of India
Veranda Learning Solutions board to decide on restructuring
Chennai, July 25 (UNI) Listed education company Veranda Learning Solutions Limited today said it has reduced the debt of its subsidiary Veranda XL Learning Solutions Private Ltd (VXL). The company board will meet on July 28, 2025 to decide on restructuring. In a statement issued, the company said Rs.346.14 crore has been transferred to the designated escrow account to redeem Non-Convertible Debentures (NCDs) issued by VXL to Ascertis Credit (formerly Barings Private Equity Asia) in March and April 2024. It may be recalled Veranda Learning had earlier said it had raised Rs.357.42 crore from Qualified Institutional Placement (QIP) primarily to reduce debt. Mohasin Khan SP, Chief Financial Officer of Veranda Learning Solutions, said, 'We are pleased to share a significant milestone in our journey toward becoming a leaner, more agile organisation. This marks the first step in our strategic initiative to make the commerce vertical debt-free and unlock value for our shareholders. By retiring high-cost debt, we have not only strengthened our financial position but also created additional headroom to invest in innovation and future growth. This move reflects our continued commitment to disciplined execution, financial prudence, and long-term value creation for all stakeholders.' According to Veranda Learning Solutions, its restructuring committee had recommended a proposal to the Board for the demerger and listing of a debt-free commerce vertical. The Board is set to meet on Monday July 28, 2025 regarding the same. UNI VJ ARN
Business Standard
18-07-2025
- Business
- Business Standard
Tata Comm climbs post Q1 results; board clears NCD issue, internal restructuring
Tata Communications jumped 3.19% to Rs 1787.05 after the company reported a 6.6% year-on-year increase in gross revenue for the first quarter of FY26, clocking in at Rs 5,960 crore compared to Rs 5,592 crore in Q1 FY25. The growth was primarily driven by a robust performance in its data services business, where revenue jumped 9.4% to Rs 5,130 crore. Despite the topline growth, EBITDA remained flat at Rs 1,137 crore, the same as the previous year. The EBITDA margin, however, contracted by 125 basis points to 19.1% from 20.3%. Profit after tax (PAT) came in sharply lower at Rs 232 crore, a 34.9% drop from Rs 357 crore a year ago. This also dragged the PAT margin down to 3.9%, from 6.4% in the same quarter last year, a decline of 248 basis points. Meanwhile, the company's board approved a proposal to raise up to Rs 1,000 crore through the issuance of Non-Convertible Debentures (NCDs) via private placement. An internal committee has been authorised to finalise the terms and execute the issuance and allotment process. In a parallel move aimed at streamlining its corporate structure, the board also cleared the acquisition of 100% equity in its step-down wholly-owned subsidiary, Solutions Infini Technologies (India) (SI India). The shares will be purchased from Kaleyra S.P.A. for a total consideration of Rs 123.6 crore. The acquisition is part of a broader plan to simplify the group's internal structure by bringing SI India directly under Tata Communications ownership. The transaction will not alter the ultimate ownership or economic interest of the company in SI India, but will ensure operational and structural clarity across its subsidiaries. A part of the Tata Group, Tata Communications is a global digital ecosystem enabler powering todays fast-growing digital economy in more than 190 countries and territories. It enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the worlds cloud giants.
Time of India
15-07-2025
- Business
- Time of India
Brigade Enterprises shares in focus as board approves Rs 1,500 crore NCD issue
Shares of Brigade Enterprises are expected to remain in focus on Tuesday after the company announced that its Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to Rs 1,500 crore on a private placement basis. In a regulatory filing dated July 14, the company said that its board considered and approved raising funds through NCDs in one or more tranches for an aggregate amount not exceeding Rs 1,500 crore (Rupees one thousand and five hundred crores only). The issuance, however, is subject to applicable regulatory and statutory approvals. According to the filing to the stock exchanges, the securities to be issued are Non-Convertible Debentures and will be offered through the private placement route. The total issuance size, as well as the number of securities to be issued, will cumulatively not exceed Rs 1,500 crore. The company also stated that the debentures may be listed, with the decision to be taken by the Board of Directors or Committee of Directors at the time of allotment. Brigade Enterprises clarified that the issuance may occur in one or more tranches, depending on the company's funding requirements and market conditions. Brigade Enterprises share price history The shares of Brigade Enterprises have declined 17.18% over the past one year. Year-to-date (YTD), it has fallen 12.29%. In the last six months, the stock has gained 0.24%, while over the past three months, it has risen 16.29%. However, over the last one month, the stock has declined 8.52%. On Monday, Brigade Enterprises shares closed 2% higher at Rs 1,084.90 on the BSE. Also read: Lack of short selling in Indian markets causing potential market distortions: Zerodha's Nithin Kamath ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
