Ad Here  
March
April
May
June
July
August
 
 
Scoot offers just Rs.13,500 to ANZ... Changing dynamics in human resource management Dynamic e-commerce scenario Illicit markets a concern to growing economy Secured NCDs from Shriram City Big-ticket investments march towards Punjab Celebrating 180 years of relevance Backpack laboratory Research needs more funding Focus on self-certification and third party inspection Innovation that helped Chennai port Time to fast-pace the logistics sector Sun Edison launches solar pumps Towards peace of mind Is Indian telecom industry heading for a monopoly? TII-challenging year with flat growth Flexible labour laws… People Flow Day- Safety Indian Bank – global businesses crosses Rs 3 lakh crore... Striking cords for 25 years… Schwing Stetter India joins hands with US-based Gomaco TII’s single largest investment at Thiruthani Business Breif SumInfra- corridor based development... Indigo stays leader with 40 per cent share Carrefour’s quick exit Digital retail transactions stabilise at higher level… Brand leaders come forward... An American alliance in the chemical industry? A global plastic event in India Smart controls for cooling large multi-zone spaces ... When Centre visits the state Investor friendly Japan ECGC expands operations TiE applauds innovative entrepreneurs Airlines wage price war CUB: towards card-less withdrawal Reality bytes Well-refined – RIL’s refinery margins zoom Four daughters and a proud father Applauding enterprise... Hyundai excites again Need to focus on ease of doing business... Apple maps – finding its way Automotive Vision Plan II... World labour laws at a glance ALL – truck industry is recovering from degrowth Waste, a gold mine Blue Star plans a new plant in south Nigeria comes nearer Bridging the skill deficit in pharma industry STFC raises money AirAsia India infuses funds to fight out competition TOP 10 CEO Compensation ISRO's 100th mission Downsizing spree... Chola MS net crosses 100 crores More gensets and diesel engines from TAFE Holiday Inn opens in OMR Chennai BRICS development bank Adding Zest to Scooty The new look- 4s Verna Inclusive and forward moving... Tata Steel commence operations at Kalinganagar TN budget pragmatic and moderate on fiscal deficit Housing Innovation Challenge, 2015 Purdue and IIT-M sign the dotted line OBO Bettermann for better lightning protection European crisis is a global crisis! TCS’ revenues cross Rs 100,000 crore Chennai to get a roundabout Metro Strategy war escalates between Hero and Honda ALL-two launches in a row Chennai will soon get its World Trade Centre An aerospace-defence cluster in Tamil Nadu… Realising double digit growth in Tamil Nadu Chennai Port is at last decongested! Connecting the unconnected Creating Tamil Nadu Banana brand Veritas Finance- financing the unfinanced Hero Motocorp - smooth ride TVS Logistics – another acquisition to sharpen the business model Business Briefs - Celebration time at MS Chola On the ‘milky’ way Pharma market dozes Rating of states to be released soon Murugappa- a year of consolidation ALL to launch electric busses Three more leather clusters… Climate change may change the way businesses work... Techies trip to India Curbing steel imports will hurt small business... Economic issues take a back seat at G20 summit Placing the right shoe forward... IFCI to raise NCDs upto Rs 2000 crore Steel loses its sheen Realty sector takes a break... Chola MS launches motor app Durga - India’s largest blast furnace; now operational Gem of social service... Industry-well poised to invest on expansion Auto test tracks launched at GARC Oragadam campus WABCO’s second Chennai plant Nothing to hide... Make way for the new and dynamic railways Economic, business and social sustainability Ridley marathon to India LVB gears to become a financial supermarket
 
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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com