News Overview

IIFL Finance has bought back $50 million worth of overseas bonds at par, funded by a corresponding loan of the same amount from a global bank, which will reduce its cost of funds by approximately 225 basis points on this transaction. IIFL Finance had raised $400 million through its maiden overseas bonds issue in February 2020 at an effective issue price of $998.75 per $1000 […]

The new facility has production capacity of 35 MTPD. This facility is a completely integrated facility.

The Centre is hoping to launch the public issue before approvals for the IPO expire on May 12.

The rating outlook was removed from Watch with Negative Implications.

EHFL announced the public issue of Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs1,000 each, amounting to Rs1,500 million (“Base Issueâ€), with an option to retain over-subscription up to Rs1,500 million aggregating to a total of ₹3,000 million (“Issueâ€).

Barbeque-Nation Hospitality tumbled 5.90% to Rs 1175.10, amid heavy volumes.

Ramesh Ramanathan hands over baton to Vikram Lalvani. Will continue to guide the company as Chairman.

Telecom stocks were trading with gains, with the S&P BSE Telecom index increasing 23.38 points or 1.22% at 1933.06 at 09:51 IST.

Utilties stocks were trading with gains, with the S&P BSE Utilities index rising 58.64 points or 1.55% at 3843.73 at 09:51 IST.

Power stocks were trading with gains, with the S&P BSE Power index increasing 65.44 points or 1.47% at 4507.06 at 09:51 IST.