Delhi International Airport (DIAL) has successfully completed the issuance of non-convertible debentures (NCDs) worth Rs 3257 crore on 30 March 2021.The NCDs have been priced at interest rate of 10.96% per annum and have been subscribed by Cliffton (a FPI, registered under SEBI). The proceeds from the NCD s will be utilized to refinance the outstanding debt of around USD 289 Mn due in FY22 and to partly finance the Phase 3A Expansion, DIAL said in a statement.
DIAL is a subsidiary of GMR Airports and a step down subsidiary of GMR Infrastructure.
Commenting on the occasion, Grandhi Kiran Kumar, corporate chairman, GMR Group said: We are delighted on the successful completion of this transaction. The offering through DIAL was subscribed by FPI. This shows the confidence of investor in our ability to raise funds from the International Market and reflects our continued effort to create value for our investors. The successful pricing of the offering underscores investors confide
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Andrew Beer is the founder of Dynamic Beta Investments, which manages over $400 million in assets.
Beer explains how leverage has made the Archegos blow-up the Frankenstein version of GameStop.
He also shares how investors can capture hedge fund alpha without taking on too much risk.
Nearly a week since the implosion of Archegos first spilled into public view, former Tiger Cub trader Bill Hwang s family office and its slew of prime brokers are still in the eye of the storm. This story, as we ve heard it so far, is clearly missing some pieces, Andrew Beer, managing member of Dynamic Beta Investments, said in an interview.
Findit, Inc.: Findit Features Members American Craftsman Renovations, Freedom Loan Resolution and RateForce
ATLANTA, GA / ACCESSWIRE / April 1, 2021 / Findit, Inc. (OTC PINK:FDIT) owner of Findit.com, a full-service social networking platform that provides online marketing campaigns and tools for members to increase brand awareness through content creation and sharing, resulting in indexing in search engines is highlighting: American Craftsman Renovations, Freedom Loan Resolution, and RateForce.
In today s release, Findit will be highlighting three featured members that utilize Findit marketing campaigns. Each of these members on Findit has a recurring monthly marketing campaign with Findit that helps improve their overall web presence through search and social media. Findit offers a full suite of marketing services to each of these clients, from content creation to social sharing to video production and more to heighten their overall online presence, aiding them in reaching the au
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For many small businesses in the Hudson Valley, the Paycheck Protection Program (PPP) has been a lifeline during the pandemic. Few people understand how important it was for small businesses to be able to continue operating quite like Doug Sturges, CEO of Sawyer Savings Bank, a financial anchor in the area celebrating its 150-year anniversary this year.
As a local bank, Sawyer Savings Bank was nimble enough to jump right into the PPP process, helping to support hundreds of small businesses by providing over $8 million in PPP loans all while continuing to employ its entire staff and providing essential services at all three of its branches in Saugerties, Marlboro, and Highland. It was weeks of long hours through the weekends, but that s just the way small banks operate, says Sturges. I m proud of how our team met these challenges in the past year.
New York Attorney General Letitia James recently took action to block debt collectors from seizing billions of dollars in emergency stimulus payments authorized by the American Rescue Plan Act of 2021.