Friday, Aug 14 2020 | Time 22:18 Hrs(IST)
image
  • Bihar Governor, CM extend greetings on Independence day
  • Kerala CM, Health Min test negative for COVID
  • Meghalaya Cabinet approves loan for Power Corporation
  • COVID cases surge to 211108, death toll reaches 3717 in K'taka
  • No question of withdrawal of free power to farmers: Amarinder
  • Amnesty schemes by Modi govt are designed to honour dishonest: Cong
  • Oppn should desist from petty politics in the name of freedom fighters : Khattar
  • India-Bangladesh border trade to resume through Meghalaya's Dawki land port
  • Containment zone in four villages in East Khasi Hills due to African Swine Flu
  • Guv extends greetings on I-Day eve
  • Meghalaya CM to unfurl Tri-colour in Shillong
  • India expects China to sincerely work towards complete de-escalation
  • You try to come to Punjab & I'll teach you a lesson, Punjab CM dares SFJ's Pannu
  • Amarinder extends 9 PM - 5 AM curfew to all cities
  • India establishes global position with export of 23 lakh PPEs in one month only
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

India’s Leading Vastu & Feng Shui Experts, the Father - Daughter Duo: Dr Nitin Parakh & Ms Kanika Parakh

14 Aug 2020 | 8:43 PM

  see more..

Celebrate “Independence Day” with Senco Gold & Diamonds’ “Freedom Collection”

14 Aug 2020 | 7:33 PM

Kolkata, Aug 14 (UNI) Celebrating the 74th ‘Independence Day’ of India, the largest jewellery
retail chain from Eastern India Senco Gold & Diamonds’ has unveiled an exclusive range of
jewellery collection named “Freedom Collection”.

see more..
SBI further empowers farmers with YONO Krishi; introduces Kisan Credit Card (KCC) Review on the platform

SBI further empowers farmers with YONO Krishi; introduces Kisan Credit Card (KCC) Review on the platform

14 Aug 2020 | 7:30 PM

·

Kolkata, Aug 14 (UNI) Country’s largest lender State Bank of India (SBI) continues to empower its farmer customers by offering them technology backed agricultural solutions with YONO Krishi.

see more..

LetsGetIndiaTicking - says Titan, in an industry collective aimed at bolstering consumer sentiment

14 Aug 2020 | 7:24 PM

Kolkata, Aug 14 (UNI) The pandemic has disrupted businesses across India, with a widespread
impact on lives and livelihoods.

see more..

BEML signs MoUs with IIT Kanpur, NASSCOM- CoE

14 Aug 2020 | 7:21 PM

Bengaluru, Aug 14(UNI) BEML teamed up with IIT Kanpur in the field of UAV and NASSCOM-CoE (Centre of Excellence) for AI & IoT related areas in the virtual presence of Rajnath Singh, Hon’ble Raksha Mantri on Friday.

see more..
image