The base size of the issue will be Rs 500 crore, Godrej Properties said, adding that there will be an option to retain oversubscription of up to Rs 250 crore
This will include issuance of Redeemable Non-Convertible Debentures (NCDs) up to the overall limit of Rs 8000 crore by way of private placement or/and Public issue in one or more tranches, , manappuram finance, fund raise, non-convertible debentures (NCDs)
DIAL completes NCDs of Rs 3,275 cr ANI | Updated: Apr 01, 2021 10:53 IST
New Delhi [India], April 1 (ANI): Delhi International Airport Ltd (DIAL) said on Thursday it recently completed the issuance of non-convertible debentures (NCDs) for Rs 3,257 crore.
The NCDs have been priced at interest rate of 10.96 per cent per annum and have been subscribed by Cliffton Ltd, a foreign portfolio investor registered under the Securities and Exchange Board of India (SEBI).
The proceeds from NCDs will be utilised to refinance the outstanding debt of 289 million dollars (about Rs 2,100 crore) due in FY22 and to partly finance the phase 3A expansion. This shows the confidence of investor in our ability to raise funds from international market and reflects our continued effort to create value for our investors, said Grandhi Kiran Kumar, Corporate Chairman of GMR Group.