Saturday, Dec 15 2018 | Time 14:28 Hrs(IST)
image
  • US district court rules Obamacare no longer valid
  • BWF World Tour Finals: PV Sindhu enters final
  • COP24: Preparing Africa for ravages of climate change
  • Civilian death toll continues to mount in Syria
  • India shares 'historical' and comprehensive defence ties with France, says Sushma
  • Rajapaksa steps down as Lankan Prime Minister
  • Yemen ceasefire deal: ‘Potential’ now to restore humanitarian lifeline to millions
  • UN agencies launch emergency plan for millions of Venezuelan refugees and migrants
  • SC says lasting peace in Yemen remains ‘daunting task’
  • Heavy rain likely to occur in Coastal Andhra Pradesh
  • 'Another blood-soaked weekend in Kashmir, 6 protesters, a soldier killed': Omar
  • MK statue unveiling by Sonia, public meeting, to be Oppn's show of strength
  • Rawat urges passing out cadets to cope up with future challenges in warfare
  • 3 militants killed, soldier martyred in Pulwama encounter
  • Karnataka Government to order Inquiry into the death of 11 devotees in Chamarajanagara District
Business EconomyPosted at: Apr 5 2018 4:45PM Share

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

Dilip Buildcon announce declaration of appointed date for project from NHAI

15 Dec 2018 | 1:13 PM

Mumbai, Dec 15 (UNI) Infrastructure Major, Dilip Buildcon said that its wholly-owned subsidiary DBL Rewa Sidhi Highways Private Limited, has received the appointed date i.

 Sharesee more..

Zydus receives approvals from the USFDA for Albendazole tablets, Pregabalin capsules

15 Dec 2018 | 1:09 PM

Mumbai, Dec 15 (UNI) Pharma Major Zydus Cadila has received the final approval from the USFDA to market Albendazole Tablets USP (US RLD - ALBENZA tablets), 200 mg.

 Sharesee more..

15 Dec 2018 | 1:08 PM

Mr Venkatachalam said there is another argument that Banks would become globally competitive by mergers and help to create very big Banks.

 Sharesee more..
Sugar rates steady in Kolhapur market

Sugar rates steady in Kolhapur market

15 Dec 2018 | 1:01 PM

Kolhapur, Dec 15 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market on Saturday at Rs 3280/3300 and Rs 3180/3200 per quintal,respectively.

 Sharesee more..
UFBU to observe strike on Dec 26 over merger of 3 banks by Centre

UFBU to observe strike on Dec 26 over merger of 3 banks by Centre

15 Dec 2018 | 12:58 PM

Hyderabad, Dec 15 (UNI) About 10 lakh bank employees and Officers will observe a nation-wide strike on December 26 in protest against the Union Government's decision to merge the Bank of Baroda, Dena Bank and Vijaya Bank into one Bank.

 Sharesee more..
image