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The company is raising Rs 1000 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
According to the bench in the Kotak Mahindra Bank case, "the high court ought not to have sat on appeal as to the sufficiency of the material and particulars placed before the commission, on the basis of which the commission proceeded to grant immunity from prosecution and penalty."
TSC Bosh, Executive Director (Infra & Logistics), REC, and PNB Chief General Manager Rajeeva signed the MoU.
The net proceeds from the fresh issue will be channeled into enhancing Fincare Small Finance Bank's Tier-1 capital base to meet future capital requirements.
A full maintenance contract with a post-warranty cost of Rs 43.22 crore, including GST, is included in the contract.
NCDs are fixed-income securities listed on BSE and NSE, offering an alternative to bank and corporate FDs for investors with medium risk tolerance
The collaboration of over 25 years aims to upgrade SBG's platform with next-gen tech, enabling cloud-based critical business operations by 2026
RBI levied a penalty of Rs 1.62 crore on the Indian Bank.
With USD 635 billion in assets under custody and administration, SBG runs the largest custody network in sub-Saharan Africa, leading the growth of the continent's capital markets.
134 bids were submitted for the issue, demonstrating a more diverse level of interest. Investors included business entities, insurance firms, mutual funds, provident funds, pension funds, and more.