Thursday, May 23 2019 | Time 08:26 Hrs(IST)
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  • NARENDRA MODI LEADING IN POSTAL BALLOTS COUNTING IN VARANASI
  • Counting of votes for 14 Lok Sabha seats of Jharkhand kick starts
  • UNION HOME MINISTER RAJNATH SINGH LEADING IN POSTAL BALLOT COUNTING FROM LUCKNOW
  • Counting for assembly and LS seats begins in Arunachal Pradesh
  • Counting of votes for Lok Sabha elections begins in Bihar amid tight security
  • Counting for Pondy LS seat, Assembly Byelection begins
  • Counting begins in Mizoram for lone LS Seat
  • Counting of votes begins in all the 28 Lok Sabha seats in Karnataka
  • Counting of votes for 21 LS and 146 Assembly seats begins in Odisha amid tight security
  • Counting begins eight LS seats in Marathwada region
  • Counting of votes starts at 77 centres in UP for 80 Lok Sabha seats
  • Counting of votes begins for 14 Assam LS seats
  • Counting begins amid tight security in TN, AIADMK's fate to be known
  • Two girls killed, one injured after hit by mudslide in Baramulla
  • As all eyes on counting of votes, BJP talking about 100-day agenda of 'new Govt'
Business EconomyPosted at: Apr 5 2018 4:45PM


RCFL raises Rs 500-cr on new BSE BOND platform

New Delhi, Apr 5 (UNI) Reliance Commercial Finance Limited (RCFL) has raised Rs 500 crores on April 4, 2018 by issuing bonds on private placement basis using the new BSE BOND platform.
This is the maiden issue on BSE BOND platform after the rollout of new SEBI Circular issued by Securities and Exchange Board of India (SEBI) on January 5, 2018 effective from April 1, 2018.
Since inception, an amount of Rs 4,24,083 crores has been raised on BSE Bond platform. In the Financial Year 2017-18, the exchange witnessed 532 issues of bonds by 84 issuers raising Rs 2,08,906 crores using BSE Bond platforms. This demonstrates that BSE platform for bond issuances has achieved an overwhelming market share and has become the preferred choice for companies to raise Debt Capital in India.
Speaking on this occasion Ashishkumar Chauhan, MD & CEO, BSE said, “I am delighted that Reliance Commercial Finance Limited was able to raise Rs 500 crores successfully using the new BSE BOND platform. BSE is the market leading platform for bond raising in India with an overwhelming market share of 61 per cent. BSE firmly believes that Indian primary Bond Market is poised for substantial growth; India can use its domestic savings to fund its finance needs in a substantive manner.”
“We are delighted that in keeping with the Reliance Group’s tradition of being involved with many firsts in India’s capital markets, Reliance Commercial Finance has become the first company today to issue bonds on the BSE BOND. We are seeing a steady growth in our SME and retail financing business, and the proceeds from this private placement will help fund future growth,” said Devang Modi, Executive Director & CEO, Reliance Commercial Finance.
BSE, Asia’s oldest and now world’s fastest stock exchange with the speed of 6 microseconds, on 1st July 2016 had launched the platform for Electronic Book Mechanism “BSE BOND” for issuance of debt securities on private placement basis.
UNI ADP SNU 1645
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