Sunday, Nov 17 2019 | Time 22:58 Hrs(IST)
image
  • RS passed 3,817 Bills, amended 120 Bills since 1952
  • IPS officer gets CAPSI’s EoDB Award
  • Ensure smooth pilgrimage season in Sabarimala, NSS to TDB
  • Buffaloes hit by train, 10 die on rail track in Kerala
  • Soldier martyred along LoC in IED blast in Jammu
  • Niranjani Akhara Mahant commits suicide in Prayagraj
  • Rizvi terms Owaisi with Baghdadi
  • Protesters from Georgian opposition block All entrances to Parliament in Tbilisi
  • Ayodhya aftermath: UP Minority Minister criticises AIMPLB meeting on review petition
  • Sabarimala women entry: Renaissance Panel lashes out at govt stance
  • By polls: State BJP releases the star campaigner list with 40 leaders
  • Three people crushed to death in Kaushambi
  • Punjab Govt to give compensation under SC/ST act to victim family
  • Successful conduct of teacher eligibility test, first achievement of new govt: Chautala
  • Previous govts closed sugar mills, we reopened them: Yogi
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
More News
Anil Ambani steps down as director of RCom

Anil Ambani steps down as director of RCom

16 Nov 2019 | 6:43 PM

Mumbai, Nov 16 (UNI) Anil Ambani has resigned as director of debt-strapped Reliance Communications, the company said in a filing to the Bombay Stock Exchange on Saturday.

see more..

Bullion Market Closing Rates

16 Nov 2019 | 3:08 PM

Chennai, Nov 16 (UNI) Following is the bullion markets
closing rate here today.

see more..

Kozhikode Coir Market

16 Nov 2019 | 1:19 PM

Kozhikode, Nov 16 (UNI) Following were the rates in the
Kozhikode Coir Market today per quintal.

see more..

Kozhikode Oil Market

16 Nov 2019 | 1:18 PM

Kozhikode, Nov 16 (UNI) Following were the rates in the
Kozhikode Oil Market today per quintal.

see more..

Kozhikode Spices market

16 Nov 2019 | 1:16 PM

Kozhikode, Nov 16 (UNI) Following were the rates in the
Kozhikode Spices market today per quintal.

see more..
image