The issue is with a base issue size of Rs 100 crore with an option to retain oversubscription up to Rs 1600 crore aggregating up to tranche limit of Rs 1700 crore.In a regulatory filing made after market hours yesterday, the NBFC announced its 25th series of public issue of secured redeemable non-convertible debentures (NCDs) of face value of Rs 1,000 each. The issue opens on 08th April, 2021 and closes on 29th April, 2021 with an option to close on such earlier date or extended date as may be decided by the board of directors or NCD committee, the non-banking finance company said in a statement.
RBI status quo on policy supportive of economic growth; liquidity measures in right direction: Experts
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Last Updated: Apr 07, 2021, 07:38 PM IST
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The six-member Monetary Policy Committee (MPC) unanimously decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy.
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The RBI will also provide Rs 25,000 crore to NABARD, Rs 10,000 crore to NHB and Rs 15,000 crore to SIDBI.
RBI s decision to keep repo rate unchanged for the fifth time in a row is in line with the economic need to encourage growth, financial market players and experts said on Wednesday.
ICRA upgrades long term debt rating of Muthoot Finance Ltd from [ICRA]AA(Stable) to [ICRA]AA+(Stable) equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
March 17, 2021
× ICRA has upgraded its ratings on the long-term debt facilities of Muthoot Finance Limited to ‘[ICRA] AA+(Stable)’ from ‘[ICRA]AA(Stable)’.
The rating upgrade signifies reaching the highest standing in the category and this rating is just one level below ‘AAA’ rating, which is the highest rating for long term debt instruments. The rating denotes ‘high safety’ regarding timely servicing of financial obligations, and such instruments carry very low credit risk.
This rating upgrade will enable the company to raise more long term debt funds and attract a wider set of investors. This upgrade can further attract retail investors’ investments in the public issue of NCDs in which the company has a track record of 24 issuances raising ₹17,392 crore cumulatively. Moreover, the company will be able to raise funds at much more competitive rates.
The story of Made in India brand Vahdam Teas
Founded in 2015 by Bala Sarda at the age of 23, the New Delhi-based tea brand now sells in over 104 countries.
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For most Indians, our morning doesn’t begin without a steaming cup of tea. India’s favourite beverage has a strong aroma, which when accentuated by the zing from various spices is enough to wake us up from our slumber and boost our immunity.
In recent years, India’s Darjeeling tea has made a name for itself in the global market, with UK brand Twinings Tea and Starbucks subsidiary Teavana boasting of the Indian flavour to their customers.