Wednesday, Jul 17 2019 | Time 01:59 Hrs(IST)
image
  • US seeks talks without preconditions, but Iran must show it is ready - State Department
  • French Parliament passes bill on Notre Dame restoration
  • Iran refuses to negotiate cutbacks in missile program under any conditions - Mission to UN
  • Trump says Turkey prohibited from buying more F-35s due to S-400 acquisition
  • Germany’s Merkel congratulates Ursula von der Leyen on confirmation
  • Three men stand accused of assassinating Maltese Journalist - Reports
  • US hopes justice will be rendered in Khashoggi killing - US envoy for Iran
  • Minor dies in road accident in Tripura
  • Punjab will become desert, if robbery of its river waters continues unabated: Sukhbir
  • Three get imprisonment till death for gangrape, murder of 19-yr-old girl in Sangli
  • One needs right mentor to get right path in life: Maurya
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

CredRight aims to disburse loans of about INR 500 Million by March 2020

16 Jul 2019 | 8:45 PM

Hyderabad, Jul 16 (UNI) CredRight, one of the first FinTech start-ups focused on facilitating loans to chit fund subscribers, on Tuesday announced the launch of its branch network at Warangal and Karimnagar in Telangana.

see more..

DP World offers bilateral trade, investment with India

16 Jul 2019 | 7:22 PM

Chandigarh, Jul 16 (UNI) The trade and investment flow between India and the United Arab Emirates (UAE) were poised to expand rapidly with the launch of a major initiative by DP World, UAE Region here on Tuesday.

see more..

Alex new air traffic management ED of AAI

16 Jul 2019 | 6:30 PM

New Delhi, Jul 16 (UNI) The Airports Authority of India on Tuesday announced that J P Alex has taken over as Executive Director (Air Traffic Management) at its Corporate Headquarters.

see more..

NTPC’s installed capacity touches 55,786 MW

16 Jul 2019 | 6:24 PM

New Delhi, Jul 16 (UNI) NTPC Ltd on Tuesday announced the commissioning of first unit of 660 MW of Nabinagar Super Thermal Power Project (3x660 MW) of Nabinagar Power Generating Company Limited.

see more..
Rupee down by 17 paise against USD

Rupee down by 17 paise against USD

16 Jul 2019 | 6:17 PM

Mumbai, Jul 16 (UNI) The Rupee on Tuesday slipped by 17 paise to end negative at 68.

see more..
image