NaBFID has raised Rs 50 billion through the issuance of long-term bonds. The 15-year bonds carry a coupon rate of 7.25 per cent with a face value of Rs 100,000 each. The issue size comprised a base issue of Rs 20 billion and a greenshoe option of Rs 30 billion. The 0.5 million bonds issued were unsecured, non-convertible, taxable and redeemable.
EEDL signs SPA to acquire 100 per cent stake distribution company in Chandigarh
Eminent Electricity Distribution Limited (EEDL), a wholly owned subsidiary of CESC Limited, has signed an SPA with Chandigarh Power Distribution Limited (CPDL) for the acquisition of 100 per cent equity in the distribution company for […]
Smooth Sailing: Key trends and emerging opportunities in the maritime sector
With its expansive coastline, growing maritime trade (both inland and outbound) and an extensive network of inland waterways, India’s maritime sector plays a vital role in boosting economic growth. In recent years, the sector has […]
Views of Captain S. Divakar: “DCI has long served as the backbone of India’s dredging industry”
India’s maritime sector is a vital driver of economic growth, anchored by over 11,000 km of coastline, 12 major ports, and more than 200 minor and intermediate port facilities. Nearly 90 per cent of the […]