Ad Here  
Research needs more funding TCS’ revenues cross Rs 100,000 crore Apple maps – finding its way Time to fast-pace the logistics sector Smart controls for cooling large multi-zone spaces ... Towards peace of mind Auto test tracks launched at GARC Oragadam campus BRICS development bank TN budget pragmatic and moderate on fiscal deficit Focus on self-certification and third party inspection Realising double digit growth in Tamil Nadu Pharma market dozes Purdue and IIT-M sign the dotted line Innovation that helped Chennai port Business Briefs ALL to launch electric busses Chennai will soon get its World Trade Centre ISRO's 100th mission Downsizing spree... Murugappa- a year of consolidation Need to focus on ease of doing business... An aerospace-defence cluster in Tamil Nadu… Inclusive and forward moving... Curbing steel imports will hurt small business... OBO Bettermann for better lightning protection Veritas Finance- financing the unfinanced World labour laws at a glance SumInfra- corridor based development... Celebrating 180 years of relevance AirAsia India infuses funds to fight out competition Investor friendly Japan Holiday Inn opens in OMR Chennai Indian Bank – global businesses crosses Rs 3 lakh crore... Economic, business and social sustainability Big-ticket investments march towards Punjab Rating of states to be released soon Carrefour’s quick exit Economic issues take a back seat at G20 summit TOP 10 CEO Compensation Four daughters and a proud father Strategy war escalates between Hero and Honda Housing Innovation Challenge, 2015 Chennai Port is at last decongested! People Flow Day- Safety Creating Tamil Nadu Banana brand Scoot offers just Rs.13,500 to ANZ... Nothing to hide... Celebration time at MS Chola Digital retail transactions stabilise at higher level… ALL-two launches in a row Durga - India’s largest blast furnace; now operational Connecting the unconnected Flexible labour laws… TVS Logistics – another acquisition to sharpen the business model On the ‘milky’ way Realty sector takes a break... Airlines wage price war STFC raises money Is Indian telecom industry heading for a monopoly? TiE applauds innovative entrepreneurs Dynamic e-commerce scenario Hero Motocorp - smooth ride Ridley marathon to India Changing dynamics in human resource management Waste, a gold mine The new look- 4s Verna A global plastic event in India Backpack laboratory Industry-well poised to invest on expansion Illicit markets a concern to growing economy IFCI to raise NCDs upto Rs 2000 crore Chola MS net crosses 100 crores TII-challenging year with flat growth Tata Steel commence operations at Kalinganagar Striking cords for 25 years… Climate change may change the way businesses work... Indigo stays leader with 40 per cent share Reality bytes ECGC expands operations Placing the right shoe forward... European crisis is a global crisis! Adding Zest to Scooty Business Breif An American alliance in the chemical industry? Sun Edison launches solar pumps Chennai to get a roundabout Metro Secured NCDs from Shriram City Automotive Vision Plan II... CUB: towards card-less withdrawal Schwing Stetter India joins hands with US-based Gomaco Gem of social service... Steel loses its sheen Brand leaders come forward... When Centre visits the state Applauding enterprise... Nigeria comes nearer Blue Star plans a new plant in south Make way for the new and dynamic railways - Chola MS launches motor app Three more leather clusters… WABCO’s second Chennai plant TII’s single largest investment at Thiruthani Techies trip to India LVB gears to become a financial supermarket Well-refined – RIL’s refinery margins zoom Hyundai excites again ALL – truck industry is recovering from degrowth Bridging the skill deficit in pharma industry More gensets and diesel engines from TAFE
IFCI to raise NCDs upto Rs 2000 crore

IFCI, a Government of India company, issued redeemable non-convertible debentures of face value Rs 1000 each amounting to Rs 250 crore extendable to Rs 2000 crore. With tenures of 5, 7 and 10 years the bonds are open for four categories of investors: QIBs, corporates, HNIs and retail individual investors. For a period of 7 or 10 years the NCDs pay interest at 10 per cent for the retail and HNIs. They will also carry a cumulative option for all three tenures of 5,7 and 10 years. “This NCD is to attract retail investors. It will help them gain high return and multiple options of lock - in periods, which are not offered by banks,” said Malay Mukherjee, CEO and MD.

IFCI’s net worth has increased to Rs 5798 crore in 2014 from Rs 4324 crore in 2012. The capital adequacy ratio of the company is 20.84 per cent while the minimum RBI norm is 15 per cent. With equity shares listed in both BSE and NSE, the NCDs offer good liquidity.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236