Friday, Aug 12 2022 | Time 20:30 Hrs(IST)
image
Business Economy


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

Matrimony Q1 net profit declines 13 5 pc at Rs 12 cr

12 Aug 2022 | 8:02 PM

Hyderabad, Aug 12 (UNI) Matrimony.com Limited, the leading online matrimony company, on Friday report a 13.5 per cent declined in consolidated net profit at 12 crore for the first quarter ended June 30, 2022 even as the consolidated billing grew by 10.8 per cent y-o-y.

see more..

Muthoot Q1 net profit declines 16 pc

12 Aug 2022 | 7:56 PM

Hyderabad, August 12 (UNI) Muthoot Finance Ltd (MFIN), India’s largest gold financing company, on Friday reported a 16 percent decline in consolidated net profit in Q1FY23 at Rs 825 crore as against Rs 979 crore in the same quarter last fiscal.

see more..

India's merchandise exports up 2 14 pc in July, trade deficit zooms to $30 billion

12 Aug 2022 | 7:21 PM

New Delhi, August 12 (UNI) Driven by major commodity groups such as electronics goods, petroleum products and chemicals, India's merchandise exports grew 2.14% year-on-year in July 2022 to $36.27 billion as compared to $35.51 billion in July 2021.

see more..
image