Thursday, Mar 21 2019 | Time 08:54 Hrs(IST)
image
  • Leander Paes loses in doubles first round in ATP Challenger in France
  • Leander Paes loses in doubles first round in ATP Challenger in France
  • BJP CEC meets, top leaders deliberate - no names of candidates yet
  • FBI joins federal probe into certification of faulty Boeing 737 MAX aircraft
  • IAS transfers in MP
  • Pompeo, Netanyahu vow to increase pressure against Iran
  • Trump confirms 400 US troops to remain in Syria with 200 stationed 'closer to Israel'
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

Chinese Tech Unicorn APUS launches newly developed apps in India

20 Mar 2019 | 9:07 PM

Hyderabad, Mar 20 (UNI) Beijing-headquartered APUS, a leading mobile Internet technology company specialising in Android User System and app development, on Wednesday announced the launching of its newly developed apps, CUTCUT and VidMax, and two mobile games – Amazing Fishing and Pot Shot at ADTECH 2019.

see more..

Indian Oil to establish six electric charging stations in J&K

20 Mar 2019 | 8:58 PM

Jammu, Mar 20 (UNI) Indian Oil Corporation Limited on Wednesday agreed to establish six electric charging stations in the state of Jammu and Kashmir.

see more..
Traders not suffering from GST; willing to adopt in cohesive manner: CAIT

Traders not suffering from GST; willing to adopt in cohesive manner: CAIT

20 Mar 2019 | 8:37 PM

New Delhi, Mar 20 (UNI) Traders are not annoyed with Goods and Services Tax (GST) but rather more willing to adopt it in a cohesive manner, stated CAIT National Secretary General Praveen Khandelwal on Wednesday.

see more..

Retail industry emerging as dynamic industry having positive impact on hiring: Experts

20 Mar 2019 | 7:02 PM

New Delhi, Mar 20 (UNI) The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players, experts associated with the sector have said.

see more..

D Raju elected as Chairman of CII Telangana for 2019-20

20 Mar 2019 | 6:41 PM

Hyderabad, Mar 20 (UNI) Mr D Raju, CEO & Managing Director of Kirby Building Systems & Structures India Private Limited WAS elected as the Chairman of CII Telangana for the financial year 2019-20 at its Annual meeting held here on Wednesday.

see more..
image