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Moneylife Digital Team 09 May 2019
ECL Finance (ECLF), a non-banking finance company (NBFC), plans to raise Rs300 crore through the issue of secured non-convertible debentures (NCDs). The proposed NCD issue will be the first tranche of a series of borrowings planned by ECL Finance.   Subscriptions to Tranche-I NCDs...

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Moneylife Digital Team 16 April 2019
JM Financial Products Limited (JMFPL), a non-banking finance company (NBFC), plans to raise Rs1,000 crore through the issue of secured non-convertible debentures (NCDs). The forthcoming issue will be the first tranche of a series of borrowings planned by JMFPL.   Subscriptions...

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Moneylife Digital Team 11 April 2019
SREI Infrastructure Finance Limited (SIFL), a non-banking finance company (NBFC) plans to raise Rs500 crore through the issue of secured non-convertible debentures (NCDs). The proposed NCD issue will be the first tranche of a series of borrowings planned by the...

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The L&FS (Infrastructure Leasing and Financial Services) toxic bonds contagion has grown into a pandemic and now has hit Gujarat, the prime minister's (PM's)  own turf which he nurtured so well for over a decade.   Information with IANS suggests that several top state-owned PSUs have...

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Courts have finally come to the rescue of lakhs of investors who face the prospect of losing their entire retirement savings parked in the toxic IL&FS bonds by their respective pension and provident fund (PF) trusts.   The National Company Law Appellate Tribunal (NCLAT) hearing...

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Moneylife Digital Team 05 April 2019
Shriram City Union Finance Ltd (SUCF), a systemically important non-banking finance company (NBFC) plans to raise a total Rs750 crore secured, redeemable non-convertible debentures (NCDs). The NCD issue will be the first tranche of a series of borrowings planned by the...

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Moneylife Digital Team 05 April 2019
L&T Finance (LTF), a systemically important non-banking finance company (NBFC) is back with a new issue of secured non-convertible debentures (NCDs). LTF plans to raise a total Rs1,000 crore, including the base issue of Rs500 crore. These NCDs will be the second tranche in a series of...

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Moneylife Digital Team 29 March 2019
Kosamattam Finance Ltd (KFL), a systemically important non-banking finance company (NBFC), plans to raise Rs300 crore from the capital market through an issue of secured and unsecured non-convertible debentures (NCDs).    Subscriptions to the issue commenced on 29 March 2019 and will...

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Moneylife Digital Team 06 March 2019
Non-banking finance companies (NBFCs) and corporates have resorted to structured deals to raise long-term funds, says CARE Ratings.    According to the note, structured notes market witnessed recovery in growth of issuances in the nine-months ended 31 December 2018 (9MFY19) after an...

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Moneylife Digital Team 01 March 2019
L&T Finance (LTF), a systemically important non-banking finance company (NBFC) plans to raise Rs1,500 crore from the capital market through secured non-convertible debentures (NCDs). This issue of NCDs will be the first tranche of a series of borrowings planned by the...

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IANS 22 February 2019
The Employees' Provident Fund Organisation (EPFO) board here on Thursday raised the interest rate on Employees' Provident Fund (EPF) by 10 basis points to 8.65 per cent for 2018-19. It will benefit around 5 crore people of the salaried class.   "In today's CBT meeting, the main agenda...

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Moneylife Digital Team 21 February 2019
Muthoot Finance, a non-banking finance company (NBFC) known for providing personal and business loans against gold or gold jewellery, plans to raise Rs750 crore through an issue of secured non-convertible debentures (NCDs). Subscriptions to the NCD commenced on 14 February 2019 and will end...

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Moneylife Digital Team 05 February 2019
Indiabulls Consumer Finance Limited (IBCFL), a fully-owned subsidiary of Indiabulls Ventures Limited, is a non-banking finance company (NBFC) engaged in providing personal loans of Rs50,000 to Rs3 lakh to consumers and business loans ranging between Rs10 lakh and Rs25 lakh to small- and...

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Moneylife Digital Team 30 January 2019
Manappuram Finance, a non-banking finance company (NBFC) mainly known for providing personal loans against gold or gold jewellery, has come out with the second tranche of its secured non-convertible debentures (NCDs) issue offering up to 10.15% interest per annum. Subscriptions to the NCD...

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Moneylife Digital Team 08 January 2019
Shriram Transport Finance Company (STFC) plans to raise Rs700 crore through the issue of secured non-convertible debentures (NCDs). Subscription to the issue commenced on 7 January 2019 and will close on 31 January 2019.    STFC is an NBFC (non-banking finance company) engaged mainly...

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Moneylife Digital Team 03 January 2019
Mahindra & Mahindra Financial Services Limited (MMFSL) is planning to raise a total Rs3,500 crore through the issue of secured and unsecured non-convertible debentures (NCDs). Subscription to the issue will open on 4 January 2019 and stay open till 25 January 2019.    MMFSL is a...

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Moneylife Digital Team 30 November 2018
NHAI is planning to raise Rs10,000 crore from retail investors through its latest bond offering. The borrowing plan is part of the ambitious Rs6.92 lakh crore plan of the Central government to build a slew of infrastructure projects like economic corridors, coastal roads, expressways...

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A few weeks ago, I had discussed how and why the credibility of credit rating agencies has taken a knock, periodically, because their internal processes have been diluted and they are under pressure to earn more, quarter after quarter—an objective ill-suited for this business. What needs to...

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Moneylife Digital Team 15 November 2018
JM Financial Credit Solutions Limited (JMFCSL) is offering up to 10.25% interest per annum (pa) on its latest secured non-convertible debentures (NCDs). The latest NCDs are the second tranche of the two-tranche borrowing planned by the company.   NCDs will be issued on a...

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Moneylife Digital Team 24 October 2018
Manappuram Finance, a non-banking finance company (NBFC) mainly known for providing personal loans against gold or gold jewellery, has come out with an issue of secured non-convertible debentures (NCDs) offering up to 10.40% interest per annum.   Thrissur-based Manappuram Finance is...

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