Saturday, Apr 17 2021 | Time 13:35 Hrs(IST)
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  • Odisha reports over 3000 covid+ ve cases for second day today,CM urges Modi to rush 25lakh covid vaccine doses
  • Madhupur bypolls: average voter turnout of 35 61 pc reported till 1100hrs, polling on peacefully
  • All party meeting scheduled for April 18 to discuss Covid scenario in K'taka postponed
  • Kejriwal appeals to people to follow "weekend curfew"
  • Polling in Tirupati Lok Sabha byelection in progress, 17 8 pc voting recorded till 1100 hours
  • Indian embassy in US mourns loss of eight lives in Indianapolis shooting
  • 31 54 pc turnout till 1130 hours in Bengal; BJP polling agent dies
  • PM Modi condole actor Vivek's death
  • Telangana logs 4,446 fresh COVID-19 cases, 12 fatalities until Friday night
  • Former K'taka CM Kumaraswamy tests COVID positive
  • 12 9 pc voting in first two hours in Nagarjuna Sagar Assembly bypoll
  • PM Modi urges Bengal voters to participate in large number for 5th phase polling to 45 seats
  • PK Dhumal blasts those opposing vaccination
  • EC seeks report of polling agent death in Kamarhati booth; Clashes break out at Bidhanagar and Santipur
  • Bodies of three fishermen recovered, six still missing
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.
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Tags: #RCFL raises Rs 500-cr on new BSE BOND platform
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