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Tuesday , 17 January 2017
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Category Archives: stock market

stock market

National Stock Exchange to raise Rs 10,000 crores

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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 ANNOUNCES PUBLIC ISSUE OF SECURED AND UNSECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES

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

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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 »

BUY Recommendation on J Kumar Infra ( Target Price Rs. 400 )

CMP is Rs. 156 and Target Price Rs. 400. The Mumbai Metro Rail Corporation (MMRC) has signed the contract agreement for Mumbai Metro Line 3 project with various contractors. The corporation has inked agreements with 4 civil contractors, including J Kumar Infra (JKIL), for 6 project packages. This will enable the contractors to claim mobilisation advances and start work post ... Read More »

Kushal Tradelink can be your goldmine – Why you should invest in the company’s stocks

Hitting a goldmine in the world of stock investments is a rare possibility, especially in a mature and regulated market. One such possibility that is growing stronger with every passing day is Kushal Tradelink Limited, a leading manufacturer, trader and supplier of premium quality paper products. In recent times, the company’s stocks have come across as a hugely profitable investment ... Read More »

GNA Axles plans IPO, files DRHP

Mumbai, September 28, 2015: Punjab-based GNA Axles Limited filed its Draft Red Herring Prospectus with the stock market regulator SEBI seeking permission for its Initial Public Offer (IPO). The IPO consists of up to 6,300,000 equity shares with a face value of Rs 10 each at a price to be decided later, comprising of a net issue to the public of 6,100,000 ... Read More »

Market Analysis by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Global factors ensured that Indian equity markets opened low and continued to tank through the day. Though it was one of the biggest single day falls in absolute terms as benchmarks slipped almost six percent, the silver lining is that India is better off compared to emerging market countries and there are no apparent domestic factors involved. Such was the ... Read More »

Sahara Mutual Fund declares Tax-Free Dividend of Rs. 2.50 Per Unit under Sahara Tax Gain Fund

New Delhi, March 27, 2015: Sahara Mutual Fund has declared Rs 2.50 per unit dividend under Sahara Tax Gain Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 31/03/2015. All the unit holders/ beneficial owners under the respective Dividend Option and Dividend Direct options of the scheme whose name appears in the ... Read More »

7 Public banks to meet Capital raise

NEW DELHI: In order to raise funds from the market to meet their capital needs today the government said it has limited fiscal space to recapitalize PSU banks. ” Financial Services Secretary Hasmukh Adhia told reporters that government doesn’t have space to give Rs 20,000 crore for capital infusion … If banks require further capital they have other means to ... Read More »

IFCI Limited to raise upto Rs. 790.813 crore through Public issue of Secured, Redeemable, Non-convertible Debentures

Tranche II Issue has opened for subscription on January 1, 2015 and is scheduled to close on February 4, 2015 with an option for early closure or extension by such period, as may be decided by the Board of Directors of the Company or the Board Committee subject to necessary approval. In the event of such early closure or extension of period of the Tranche ... Read More »

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