DEBENTURES
Enough opportunities in Delhi-NCR housing market, not looking at other cities: Signature Global chairman
Signature Global is concentrating its real estate development efforts within the Delhi-NCR region. The company is actively seeking land parcels in Noida and Greater Noida. It already possesses sufficient land in Gurugram for expansion. Signature Global plans to launch approximately 8 million square feet of saleable area by March next year, valued at around Rs 14,000 crore.
Yes Bank suffered over Rs 2,700 cr loss due to transactions with Anil Ambani-led companies: CBI
Yes Bank's financial troubles escalated with a staggering loss surpassing Rs 2,700 crore, primarily attributed to co-founder Rana Kapoor's controversial investments in Anil Ambani's financial enterprises. A recent CBI charge sheet highlights allegations of a criminal conspiracy and fraudulent activities. These investments spanned the years 2017 to 2019, with ongoing inquiries delving into Anmol Ambani's potential involvement.
Shapoorji Pallonji plans to raise Rs 22,000-cr in early 2026 to retire high-cost debt
Shapoorji Pallonji Group plans to raise $2.5 billion next year to retire high-cost debt. The infrastructure conglomerate is contacting existing investors to gauge their repayment preferences, aiming to refinance $1.7 billion of existing debt. This move is part of a capital restructuring for group entity Goswami Infratech.
Signature Global raises Rs 875 crore from IFC to retire debt, buy land
Signature Global raised Rs 875 crore through NCDs from IFC, using over half to retire debt and the rest for Sohna land acquisition. The A+ rated NCDs mark its first listed debt issue, reflecting strong ESG focus and sustainable growth plans.
Signature Global raises Rs 875 cr from IFC via issue of debentures
Realty firm Signature Global Ltd has raised Rs 875 crore through issue of non-convertible debentures (NCDs) to World Bank's lending arm IFC for development of mid-income housing projects and reduce debt.
Jana Small Finance Bank shares in focus as RBI returns Universal Bank application
Shares of Jana Small Finance Bank may stay in focus after the RBI returned its application to transition into a universal bank, citing eligibility shortfalls. The lender, which recently approved a Rs 250 crore NCD issue, reported a 40% YoY drop in Q1 profit to Rs 102 crore due to higher expenses, though revenue rose 12%.
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Sebi proposes incentives to boost retail participation in debt securities
India's markets regulator has proposed incentives for certain categories of retail investors to encourage them to invest in public issues of debt securities, a consultation paper showed on Monday.
'Painful to see what's happening': Tata veteran Noshir Soonawala urges resolution as group broils under governance storm
Longtime Tata Group veteran Noshir Soonawala expressed pain over ongoing disagreements among Tata Trusts trustees. He hopes for a resolution to the governance tensions that emerged after Ratan Tata's passing. Soonawala, now an outsider, reflects on the complex history of the 157-year-old group.
Muthoot Microfin plans Rs 375-crore bond issue
Muthoot Microfin is planning to raise ₹375 crore by selling bonds to high net worth individuals, following a recent $15 million fundraise from Swiss impact investor Blue Orchard. This move is part of the company's resource diversification strategy as stability returns to the microfinance sector.
Ola Electric board greenlights Rs 1,500 crore fundraise plan
Ola Electric has approved plans to raise up to Rs 1,500 crore through equity and convertible securities. The board made the decision on October 25, after announcing the meeting earlier. Funds may be raised through various routes such as public offer, rights issue, qualified institutional placement (QIP), private placement
Spandana Sphoorty raises Rs 250 crore, less than target
Spandana Sphoorty Financial raised Rs 250 crore via bonds, below the Rs 300 crore target, with 11% coupon and 30-month maturity, amid asset-quality stress and BBB+ rating with negative outlook.
Sebi mulls standardising rules for unclaimed amount for entities with non-convertible securities
Markets watchdog Sebi on Friday proposed changes to align regulations for entities issuing non-convertible securities, standardising the process for handling unclaimed amounts by allowing their transfer only after seven years from maturity.
Financial services sector: In this phase of upmove, is a basket better than focusing on one? 12 stocks with upside potential of up to 46%
With the bulls back in play, is it time to look at financial services stocks once again? Before we answer that, let’s ask ourselves three questions. One: Is the sector better placed after the clean-up by the RBI? Two: In a growing economy like India, can it be that this sector does not grow? And three: Can FIIs, whose selling caused the recent underperformance of stocks from the sector, again pick up these stocks when they return? The answer to the first question is ‘yes’. And it is a ‘no’ for the second question. The answer to the third question is still open.
Ola Electric board to decide on fresh funding in Oct 25 meet
Ola Electric's board will meet on October 25 to discuss raising fresh funds through equity share issuance. This follows a recent Rs 877.6 crore preferential share issuance to its cell technology subsidiary. The company also plans to enter the battery energy storage system market with its 'Shakti' offering.
Govt to revamp portal to speed up unclaimed shares and dividend payouts
The government is upgrading its portal to quickly return unclaimed shares and dividends to investors. This new system will use artificial intelligence and data analytics. The aim is to settle claims in just 15 days. Investors will also be able to use a mobile app to track their claims. This initiative will streamline the process significantly.
Signature Global raises Rs 875 cr via debentures to reduce debt, expand business
Realty firm Signature Global has secured Rs 875 crore through non-convertible debentures. This funding will be used to clear existing debt and fuel business growth. The company aims to strengthen its financial position and expand its operations. Signature Global is a prominent real estate developer in India.
Piramal Finance Q2 profit rises 2x, Poonawalla Fincorp back in black
Piramal Finance reported a two-fold increase in net profit to ₹327 crore, driven by a 28% rise in net interest income. Poonawalla Fincorp swung to a profit of ₹74 crore from a loss, with net interest income growing over 37%. Both companies saw significant growth in assets under management.
The other side of bonus but not equity
TVS Motor Company Limited has made headlines by securing approval for the issuance of preference shares as bonus shares, a strategy that's quite rare among businesses. This approach presents a dual advantage, combining fixed-income benefits with enhanced organisational flexibility. Companies might leverage this option as a means to reward loyal shareholders.
Torrent Pharma plans Rs 14,000 crore bond sale for JB Chemicals acquisition
Torrent Pharmaceuticals is planning a ₹14,000-crore bond sale to finance its acquisition of JB Chemicals & Pharmaceuticals. The company is in discussions with major banks for the funding package, which will be repaid through internal accruals. The proposed merger is awaiting regulatory approvals.
Paytm brings entities under direct ownership to simplify its structure
Per the terms of the restructuring, Paytm will acquire stakes from its founder, Vijay Shekhar Sharma, and his entities in subsidiaries, including Paytm Financial Services Ltd, Paytm Insuretech, Paytm Emerging Tech, and Paytm Life Insurance. Paytm aims to complete all acquisitions and internal restructurings by January 31, 2026, subject to the execution of definitive agreements and necessary approvals.
HDB Financial Services Q2 Results: Profit drops 2% YoY to Rs 581 crore, NII jumps 20%
HDB Financial Services Q2 Results: HDB Financial reported a marginal 2% drop in net profit to Rs 581 crore for the July-September quarter, despite a 13% increase in revenue to Rs 4,545 crore. Net interest income rose 20% YoY to Rs 2,192 crore, supported by higher yields and efficient funding. The company's gross loan book grew 13% YoY to Rs 1.
Embassy Group repays Rs 1,748 crore debt, strengthens balance sheet
Embassy Group has used proceeds from the WeWork India IPO to cut group debt, repaying ₹1,748 crore in NCDs and reducing its WeWork share pledge to 15%. The group has also fully cleared ₹1,600 crore owed to Samaan Capital.
Paytm parent restructures to bring financial, tech entities under direct ownership
Paytm's parent company, One 97 Communications, is undergoing a major internal restructuring. The company will bring several financial and technology subsidiaries under direct ownership. This move aims to simplify the group's structure and boost operational efficiency. The transactions are valued independently and executed at fair market value. This restructuring will strengthen governance and improve agility without altering ultimate ownership.
Proposal transfer of old shares for small investors in 30 days
In a bid to enhance investor experience, the Investor Education and Protection Fund Authority is set to evaluate a proposal that would streamline the transfer process for small investors holding outdated shares. The initiative intends to allow swifter transfers for physical shares worth up to ₹5 lakh and dematerialised shares valued at ₹15 lakh.
Bharti Telecom raises Rs 10,500 crore in twin bond issue; mutual funds, insurers lead demand
Bharti Telecom raised ₹10,500 crore through two bond issues of ₹5,250 crore each — India’s largest such domestic issue this fiscal. Major mutual funds, insurers, and pension funds subscribed, reflecting strong demand. Proceeds will refinance upcoming debt maturities, with coupons priced slightly below initial guidance.
Bajaj Housing raises Rs 1000 crore in bonds, business grows 24% in Q2
Bajaj Housing Finance has successfully raised Rs 1000 crore by selling bonds to investors. The company secured this funding at a coupon rate of 6.95%. These bonds are non-convertible debentures and will mature in January 2028. This issuance marks the lowest coupon rate for the company's bond sales since July.
Signature Global to raise Rs 875 cr next week via NCDs
Realty firm Signature Global is set to raise Rs 875 crore next week. The company will issue non-convertible debentures to investors. These debentures will have a coupon rate of 11 percent and a tenure of over three years. The allotment is planned for October 2025. Signature Global is a leading real estate developer in India.
HFCs get NHB support to diversify fund sources, loans may cost less
Housing finance companies in India will soon see lower borrowing costs. The National Housing Bank is offering partial credit enhancement on their bonds. This move aims to make home loans more affordable, especially for those seeking affordable housing. Eligible companies must meet certain asset size and credit rating criteria.
Signature Global receives approval to raise up to Rs 875 crore through NCDs
Signature Global is raising Rs 875 crore through non-convertible debentures. The company's debenture committee approved the issuance of 87,500 debentures. This move follows a strong financial performance with a 386% year-on-year profit increase. Signature Global also acquired new land in Sohna. The real estate developer holds significant market share in the NCR and Gurugram regions.
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