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Category Archives: stock market

stock market

CDSL IPO price band Rs. 145-Rs. 149

CDSL IPO price band Rs. 145-Rs. 149

Today CDSL IPO subscriptions are open in the market. CDSL is a BSE-promoted. As per the CDSL, they are planning to fetch about 500 Core through IPO. CDSL works as a depository of e-insurance accounts and handling more than 60,000 insurance policies in the electric method. Other than depositary, the company gives services like e-voting, e-Locker and other premier services. ... Read More »

Shares rise after Cadila Healthcare gets USFDA approval for Mesalamine 

The pharmaceutical giant Zydus Cadila told that the US Food and Drug Administration known as USFDA have given approval to market Mesalamine Delayed-Release tablets USP in the USA market. Once the Zydus Cadila shared the news, the Cadila share has encountered a wide jump in its share. The company share saw over 10% vertically increase. Today morning around 10 AM the ... Read More »

D-Mart listed for the first time in BSE

  The D-Mart Stores which was listed for the first time on Tuesday has seen the value of the company pegged little over USD 6 Billion. The promoter of the group Mr Radhakishan Damani never wanted to list his company. With 82% shares held in the group by his family, Mr Damani is now worth a cool USD5 billion (Little ... Read More »

Sagoon’s Mini-IPO goes live; intends to raise $20 million

The IPO opens for public from today– Now anyone can own a pie of a startup  New Delhi, Feb 9, 2017: Sagoon Inc. announced the launch of its online public offering to raise $20 million from general public in its next round of funding. Commencing from the February 9th 2017, anyone from anywhere can purchase a share in Sagoon with as little as ... Read More »

Union Budget 2017: Sensex Rallies 486 Points

Union Budget, Share Market, Nifty

The stock markets seems to have given a major thumbs up to Arun Jaitley’s budget as the Sensex rallied 486 points today and crossed 28,000. The Nifty 50 crossed 8,700 mark today and closed above it first time since October last year. The market participants believed that the government did their best to balance the demand, expectations and requirements. The budget ... Read More »

High Hopes From Union Budget 2017? Nifty At 9,000 Or 6000?

Union Budget, Share Market, Nifty

Finance Minister will be presenting the Union Budget of India today. The common man as well as markets have high hopes from the budget as always. The speculation regrading the share market’s moves are very high related to both an upswing to Nifty touching 9,000 or a downfall in Nifty till 6,000 levels. There are still speculation over today’s presentation ... Read More »

BSE IPO subscribed more than 51 times

In what is being seen as the investors’ infallible trust in the Bombay Stock Exchange (BSE), its IPO has received an overwhelming response, having been subscribed more than 51 times. It may be noted that this is the first time that an IPO has been launched by a stock exchange in India. Interestingly, the BSE is the oldest stock exchange ... Read More »

National Stock Exchange to raise Rs 10,000 crores

The Mumbai based National Stock Exchange has submitted documents with the Securities and Exchange Board of India (SEBI) in relation to an eagerly awaited Initial Public Offering (IPO). The IPO is said to be one of the biggest of this decade. NSE is aiming to get about Rs 10,000 crores from the IPO. Existing NSE shareholders will be offloading about ... Read More »


RELIANCE HOME FINANCE LIMITED TO RAISE RS 1,000 CRORE (US$ 14.7 MILLION) AS BASE ISSUE SIZE, WITHAN OPTION TO RETAIN OVERSUBSCRIPTION  SECURED NCDs RATED CARE AA+:STABLE AND BWR AA+:OUTLOOK STABLE UNSECURED NCDs RATEDCARE AA:STABLE AND BWR AA:OUTLOOK STABLE SECURED NCDs OFFERED FOR A TENURE OF 3, 5 AND 10 YEARS AT COUPON RATE VARYING FROM 8.7% TO 9.15 % UNSECURED NCDs OFFERED FOR A TENURE OF 15 YEARS WITH A CALL OPTION AFTER 10 YEARSAT COUPON RATES VARYING FROM 9.25% TO 9.4% NCDs TO BE LISTED ON BOTH NSE AND BSE ISSUE OPENS ON THURSDAY, DECEMBER 22, 2016 Mumbai, December 20, 2016: Reliance Home Finance Ltd. (RHFL), a 100 per cent subsidiary of Reliance Capitaland a part of Anil D. Ambani led Reliance Group, today announced its maiden public issue offering SecuredRedeemable Non-Convertible Debentures (Secured NCDs) and Unsecured Redeemable Non-ConvertibleDebentures (Unsecured NCDs). The Company proposes to raise Rs 1,000 crore (US$14.7 million), as base issue size, by offering Secured NCDsand Unsecured NCDs at a face value of Rs 1,000 each. The Unsecured NCDs will be in the nature of subordinateddebt and will be eligible for inclusion as Upper Tier II Capital. The NCDs will be issued in one or more tranches up to the shelf limit, on terms and conditions as set out in theTranche 1 Prospectus. The Company will use the amount for the purpose of onward lending, financing, and for repayment/ prepayment ofinterest and principal of existing borrowings and for general corporate purposes. “India’s mortgage-to-GDP ratio is still low at 10% in 2015-16 compared with other developing countries but it hasimproved from 7.4% in 2009-10. The recent push by the government to provide ‘Housing for All’ by 2022 and varioussteps taken to implement the same, are expected to boost sales of affordable and low-cost housing units andconsequently, financing for the same”, said Mr Ravindra Sudhalkar, CEO, Reliance Home Finance. The Secured NCDs have been rated CARE AA+: Stable by Credit Analysis and Research Limited (CARE) andBWR AA+ Outlook: Stable by Brickwork Ratings India Private Limited (Brickwork). These ratings indicate that theinstruments are considered to have high degree of safety regarding timely servicing of financial obligations and carryvery low credit risk**. The Unsecured NCDs have been rated CARE AA:Stable by CARE and BWR AA Outlook: Stable by Brickwork. Theratings indicate that instruments are considered to have high degree of safety regarding timely servicing of financialobligations and carry very low credit risk**. The NCDs are being issued to Institutional, Non-Institutional, HNIs and Retail investors for a period of 3 years, 5 yearsand 10 years for Secured NCDs and 15 years for Unsecured NCDs with a call option after 10 years. The coupon rate for the NCDs for respective categories are: Category I Category II Category III Category IV Institutional Investors Non-Institutional Investors HNI Investors Retail Investors SECURED NCDs Series I – 3 Years 8.70 8.70 8.90 8.90 Series II- 5 Years 8.90 8.90 9.05 9.05 Series – III 10 Years 9.00 9.00 9.15 9.15 UNSECURED NCDs Series IV- 15 Years* 9.25 9.25 9.40 9.40 Coupon in % per annum, payable annually. ... Read More »

Zerodha – Revolutionizing Trading and Investments in India

A financial services company, Zerodha ( zerodha(dot)com) offers a wide variety of services such as equity investments, currency and commodity trading, and retail and investment broking. Zerodha is a member of NSE, BSE, MCX, MCX-SX as well as an official member of NSE’s consultative committee for growing business. The company’s claim to fame is largely due to its pioneering ‘discount broking’ ... Read More »

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