Edelweiss Retail Finance Ltd (ERFL) on Tuesday announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to m
Stocks in news: Edelweiss, Dr Reddy, Bank of Baroda, Cyient, Tata Motors, Lupin
Stocks to watch today on December 22: Edelweiss, Dr Reddy, Bank of Baroda, Cyient, Tata Motors, Lupin among others are the top stocks to watch out for in Tuesday s trading session
BusinessToday.In | December 22, 2020 | Updated 09:13 IST
Stocks to watch today on December 22
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Tuesday s trading session based on latest developments.
Edelweiss: Edelweiss Financial Services (EFSL) said it will raise up to Rs 200 crore through issuance of secured redeemable non-convertible debentures (NCDs).
Here are the top stocks to track in today s session:
Tata Motors: The auto maker is set to increase commercial vehicle prices from January 1, 2021 owing to steady rise in material and other input costs, impact of forex and transition to BS-VI norms, that have raised cost of vehicle manufacturing.
Edelweiss Financial Services: Edelweiss Financial Services (EFSL) on Monday said it will raise up to Rs 200 crore through issuance of secured redeemable non-convertible debentures (NCDs). The base size of the issue is Rs 100 crore, with an option to retain over-subscription up to Rs 100 crore, the company said in a release.
NIIT: The company will consider buyback of equity shares at its board meeting on December 24.
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NEW DELHI: Domestic stocks look set to open on a firm note on Tuesday, after a massive fall on the previous day as a low level buying may ensue. These stocks may buzz the most during the day:
Coal India: State-owned CIL allocated 25.78 million tonnes (MT) of coal in the first eight months of this fiscal under spot e-auction scheme, registering a year-on-year increase of 59.4 per cent.
Future Retail: Kishore Biyani-led
Future Retail Ltd (FRL) said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.
Edelweiss Financial Services announces ₹ 200 crore Public Issue of Secured Redeemable NCDs
Posted On: 2020-12-20 23:47:50 (Time Zone: Arizona, USA)
Edelweiss Financial Services Limited (EFSL), the parent arm of the Edelweiss Group, today announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of a face value of ₹1,000 each, amounting to ₹ 100 crores ( Base Issue ), with an option to retain over-subscription up to ₹ 100 crores aggregating to a total of ₹ 200 crores ( Issue ).
The NCDs offer an effective yield (cumulative) of 9.95% p.a. for 120 months tenure, 9.35% p.a. for 36 months tenure and up to 9.80% p.a. for 60 months tenure. 75% of the funds raised through this Issue will be used for the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Is