Brent crude fell $3.20, or 4.1 per cent, to $74.25 a barrel after touching $74.01 for its lowest since December 2021
Posts in category Business Standard
Brent crude oil slides to below one-year low, gold climbs over 1% (15-03-2023)
Brent crude fell $3.20, or 4.1 per cent, to $74.25 a barrel after touching $74.01 for its lowest since December 2021
Mindpsace REIT raises Rs 550 cr through green bonds to refinance loans (15-03-2023)
Mindspace Business Parks REIT (Mindspace REIT) has raised Rs 550 crore through an issue of green bonds.
In a regulatory filing, Mindpsace REIT stated that the Executive Committee of the manager (K Raheja Corp Investment Managers LLP) has approved the allotment of 55,000 green debt securities in the form of listed, rated, secured, noncumulative, taxable, transferable, redeemable non-convertible debentures of Rs 1 lakh each aggregating to Rs 550 crore by way of the private placement.
The tenure of the Non-Convertible Debentures is three years and thirty days at a fixed quarterly coupon of 8.02 per cent per annum payable quarterly. The issue saw participation from leading insurers, mutual funds, and other investor classes.
The proceeds will be used towards refinancing loans availed by one of the asset SPVs (special purpose vehicle) to fund the eligible green projects.
Mindspace Business Parks REIT, sponsored by the K Raheja Corp group, got listed on the bourses in August 2020. It owns
Stock exchanges freeze promoter shareholding of Patanjali Foods (15-03-2023)
Action after co fails to meet 25% public float
Global Surface’s IPO subscribed over 12 times on final day of offer (15-03-2023)
The initial share sale of Global Surfaces Ltd was subscribed 12.21 times on the final day of the offer on Wednesday.
The Initial Public Offering (IPO) received bids for 9.46 crore equity shares against 77.49 lakh shares on offer, according to the NSE data.
The portion for Non-Institutional Investors (NIIs) received 33.10 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 8.95 times and the Retail Individual Investors (RIIs) portion was subscribed 5.12 times.
Global Surfaces is into processing of natural stones and manufacturing engineered quartz.
The company’s IPO comprises fresh issuance of 85.20 lakh equity shares and an Offer For Sale of up to 25.5 lakh equity shares by promoters — Mayank Shah and Sweta Shah.
Funds raised through fresh issuance will be used for setting up the company’s proposed facility — Global Surfaces FZE — in Dubai.
Unistone Capital is the sole book running lead manager to the issue.
Indices dip for fifth session as Credit Suisse woes weigh on investor minds (15-03-2023)
The only relief for investors on Wednesday was a rise in retail sales in China while factory output was fractionally lower than projected
Mindspace raises Rs 550 cr through green bond to finance projects (15-03-2023)
Issue had participation from leading insurers, mutual funds, other investors: Real estate firm
As PMLA tightens grip on crypto, here’s how other nations regulate VDAs (15-03-2023)
As India strengthens the regulatory framework over the cryptocurrency sector, here is a list of countries that have taken a shot at addressing this complex issue
Global Surfaces IPO subscribed 12.2 times on strong HNI, retail interest (15-03-2023)
The rich investor portion was covered 33 times compared with 5.1 times for the retail participant; QIB portion was muted at 9%
Technocraft Industries hits record high; stock zooms 40% in 5 weeks (15-03-2023)
Last month, Technocraft had bought 1.5 million equity shares at a price of Rs 1,000 per share via buyback offer through tender route