non convertible debentures

The CBI has filed a new case against Anil Ambani and Reliance Communications, along with bank officials, following an LIC complaint. Allegations suggest LIC was misled into investing Rs 4,500 crore in Non-Convertible Debentures based on false financial representations. A forensic audit revealed alleged misuse of funds, including siphoning through subsidiaries and fictitious transactions, causing a Rs 3,750 crore loss.

Gold finance company Muthoot Finance Limited today said it will raise up to Rs 600 crore through a public issue of Non-Convertible Debentures that kicks off tomorrow.

Reliance Jio Infocomm on Wednes said it is planning to raise Rs 3,000 crore by issuing secured redeemable non-convertible debentures on private placement basis.

Adani Transmission Ltd, a part of business conglomerate Adani Group, said on Tuesday that it has raised Rs 500 crore through issuance of non-convertible debentures on private placement basis.

The largest mortgage player HDFC has allotted 5.47 crore shares worth Rs 3,285 crore on conversion of warrants on maturity to holders, who have made a profit of around 122% per unit.

Mahindra and Mahindra Financial Services (Mahindra Finance) is planning to raise up to Rs 29,000 crore through issuance of non-convertible debentures (NCDs) and seeking shareholders' nod for the same.

There is no stopping the NCD (non-convertible debenture) and tax-free bond juggernaut. With NCDs and bond issues offering high returns, investors have lapped them up with great zeal.

The Essar Group appears to be gearing up to sell its 10.97% stake in telecom joint venture Vodafone Essar after it prepaid non-convertible debentures (NCDs) worth Rs 4,320 crore raised on the same shares.

Muthoot Fincorp — a part of the Muthoot Pappachan Group — is set to hit the bond market with a Rs 100-crore non-convertible debenture (NCB) issue to fund its expansion of microfinance and SME business, which are being grown as part of diversification from gold loans.

Sebi has restricted Axis Capital from taking on new assignments as a merchant banker for debt securities. This decision comes after it was found that Axis Capital provided unauthorized guarantees for Sojo Infotel's Non-Convertible Debentures, posing credit risks. Sebi aims to ensure market stability and regulatory adherence.

New Delhi, Dec 28 () Mahindra & Mahindra Financial Services Friday said that it has received approval from Registrar of Companies to raise up to Rs 10,000 crore through non-convertible debentures.

The shareholders also approved through special resolution the proposal to borrow/raise funds in Indian/foreign currency by issue of debt securities, including but not limited to Non-Convertible Debentures, Medium Term Notes and Bonds up to a total amount of Rs 30,000 crore, it said.

State-owned MTNL on Thursday said its shareholders have approved a proposal to raise up to Rs 17,571 crore through government-guaranteed debt bonds on private placement basis.

Microfinance institutions are tapping an alternate source of funds to diversify their fund basket by issuing non-convertible debentures, with many large and small MFIs having lined up NCD issues.

Adani Enterprises' Rs 1,000 crore NCD issue was fully subscribed within three hours, driven by strong non-institutional demand from retail investors, HNIs, and corporates. The offering, featuring an annual interest of up to 9.3%, may close early due to the overwhelming response. Proceeds will primarily be used to repay existing debt, reaffirming investor confidence in the company's credit profile.

ReNew Power has raised Rs 2,235 crore through a non-convertible debenture (NCD) issue which will be utilised for repaying its existing loans and business expansion.