So its prudent to withdraw the current application, he added.The refinancing will extend the repayment timeline to five years versus the repayment of the remaining TLB due in 2026 the source said.The bond issuance would significantly lower the current effective interest rate of 14 per cent on its existing USD 450 million Term Loan B TLB facility.The refinancing is expected to result in annual interest savings of USD 8-10 million Rs 66.4-83 crore in the first year, after accounting for the costs associated with the bond issuance.
NSE MD & CEO Ashishkumar Chauhan said that due to the lack of feedback which SEBI had sought from stock brokers, the proposal to extend trading hours was rejected.
Over 100 shareholders of ICICI Securities submitted a class action lawsuit to the National Company Law Tribunal last month, challenging ICICI Bank Ltd s bid to delist ICICI Securities.
"With a booming stock market, all the malpractices of Harshad Mehta/Ketan Parekh era are back primarily in Kolkata. Promoters are inflating profits (through profit entry) and in nexus with Gujarati-Marwari brokers driving their stock prices to unrealistic levels," Goenka wrote on X (formally Twitter).
A recent order by the capital market regulator shows reliance on the accounting regulator’s report. Company finance executives, audit committees and even boards should take note
India's markets regulator has sent notices of regulatory violations to seven companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in ..
Firstcry Ipo: FirstCry s CEO Maheshwari saw a 49% compensation drop. The company plans an IPO, approaching SEBI. Employee benefits decreased, with a Rs 23,000 crore valuation and an expected IPO of $3.5-3.75 billion.