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Advantage infrastructure

Advantage infrastructure

A wide range of projects and facilities are granted the status of infrastructure projects under the new Companies Act, 2013. Prachi Manekar elaborates on the benefits from the new Act for the infrastructure projects.

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Shriram City Union Finance to raise Rs 1,000 cr for growth

Shriram City Union Finance to raise Rs 1,000 cr for growth

To achieve a growth of around 25-30 per cent over the next couple of years, non-banking finance company (NBFC) Shriram City Union Finance plans to raise around Rs 1,000 crore issuing debentures and through other debt this fiscal, the company said on July 31. The fund raising is expected to happen sometime this year to support the company's target. The company will continue to grow its non-corporate book size in a focused manner, GS Sundararajan, Managing Director of the company said in Chennai.

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Board of Srei allows it to issue Rs 15 bn worth bonds

Board of Srei allows it to issue Rs 15 bn worth bonds

In a communication to the stock exchange, Srei Infrastructure Finance informed that during the financial year 2013-14 the company is permitted by its board to raise Rs 1,500 crore through debentures. This amount can be raised through public issue of secured, redeemable, non-convertible debentures in one or more tranches during the current fiscal, the firm said. The company's board has also approved to raise up to Rs 500 crore in one or more tranches through issue of prefe

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IRB allowed to receive 49% investment from FIIs

IRB allowed to receive 49% investment from FIIs

Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde

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IRB allowed to receive 49% investment from FIIs

IRB allowed to receive 49% investment from FIIs

Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde

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Dewan Housing mulls Rs 40 bn fund raising

Dewan Housing mulls Rs 40 bn fund raising

In a communication to the stock exchange, Dewan Housing Finance Corporation informed that it plans to mop up Rs 4,000 crore through debentures. Of the Rs 4,000 crore, a maximum of Rs 3,000 crore would be raised through private placement of secured debentures in one or

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Financial entities’ share in bond issue declines

Financial entities’ share in bond issue declines

Data collected by Prime Database shows that the share of financial sector entities in the total amount raised through private placement of bonds during April-September 2012 declined to 73.1 per cent from 90.3 per cent in 2011-12 and 78.3 per cent in 2010-11. The financial entities include primarily banks and non-banking finance companies (NBFCs). According to som

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RBI takes steps to develop corp bond market

RBI takes steps to develop corp bond market

Reserve Bank of India (RBI) has taken two key steps to develop corporate bond market in the country. One among them is that these bonds are made eligible for repo (repurchase agreements) transactions in the money market. The repo deals can be struck on commercial pape

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Ministry mulls steps to develop corporate bond mkt

Ministry mulls steps to develop corporate bond mkt

In order to develop a vibrant corporate bond market, the union finance ministry is reportedly planning some steps in collaboration with Reserve Bank of India (RBI) and the ministry of corporate affairs (MCA). Media reports suggest that the ministry plans to give statutory liquidity ratio (SLR) status to corporate bonds in order to encourage banks to

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