At the upper end of the price band, the issue could raise to Rs 412 crore
Posts in category Business Standard
Indiabulls Housing Finance’s Rs 900-crore NCD issue opens on Friday (02-03-2023)
Indiabulls Housing Finance on Thursday announced a Rs 900-crore debt sale through a public issue of secured, redeemable, non-convertible debentures.
The base size of the issue is only Rs 100 crore with a greenshoe option for an additional Rs 800 crore. The public issue opens on Friday and closes March 17, the company said in a statement.
The company is offering coupon rates ranging from 8.88 per cent to 10.15 per cent per annum and post-close, the issue will be listed on BSE and NSE.
The NCDs have tenures of 24 months (series I, II & III), 36 months (series IV, V & VI), and 60 months (series VII & VIII).
The company is also offering an additional incentive 0.25 per cent per annum to category III and IV investors, who are also primary holders on the deemed date of allotment, the company said.
At least 75 per cent of the net proceeds of the issue will be utilised for onward lending, financing, and for repayment of interest and principal of existing borrowings and the balance
Wockhardt’s former official settles insider trading case with Sebi (02-03-2023)
A former official of drug maker Wockhardt on Thursday settled with Sebi a case pertaining to alleged non-disclosure of adverse observations made by the USFDA about the company’s manufacturing facility to the exchanges in 2013.
Vijay Khetan, who was the compliance officer of Wockhardt, paid Rs 27.06 lakh towards the settlement charges to the capital markets regulator for the alleged violations of insider trading rules, the Securities and Exchange Board of India (Sebi) said in an order.
The order came after Khetan proposed to settle the pending proceedings through a settlement order.
Sebi, through a show cause notice in September 2022, alleged that Khetan, being the compliance officer of Wockhardt at the relevant point of the time, had failed to ensure disclosure of price sensitive information immediately to stock exchanges. Therefore, he allegedly violated the code of conduct specified under the insider trading rules, as per the show cause notice.
It was also alleged that Wockhardt
Day after breather, benchmark indices fall on rising US 10-year yield (02-03-2023)
Analysts said investors are now trying to gauge how high-interest rates will rise in the US and Europe
Market regulator Sebi suspends small town-linked incentive for MFs (02-03-2023)
The concerns shared by Sebi are splitting of transactions and churning of investments by distributors, variance in calculation of B-30 incentives among AMCs
Sebi names actor Arshad Warsi, wife Maria Goretti in pump-and-dump ops (02-03-2023)
Are among 31 banned for stock manipulation via YouTube
Stock of this SME company has zoomed over 100% in one month (02-03-2023)
Shares of Taylormade Renewables hit a new high of Rs 163.50 today and have zoomed nearly 900 per cent in the past six months
Lumax Auto extends fall to 3rd day, slips 5% despite issuing clarification (02-03-2023)
The company said it has received information that certain entities are circulating unsolicited / unauthorised SMS / Whatsapp messages regarding the shares / securities of the Company.
Manipulation via Youtube: Sebi penalises Arshad Warsi, wife, 29 others (02-03-2023)
Sebi noted that Arshad Warsi has made a profit of Rs 29.43 lakh and his wife has earned a profit of Rs 37.56 lakh
Sebi passes interim orders against entities for stock manipulation via YT (02-03-2023)
The Sebi in preliminary investigations, identified 46 entities that used the video streaming platform to pump and dump stocks