NSE notched up 6 billion contracts traded volume in 2019, up 58% from a year ago, surpassing CME Group to become the world’s largest exchange. CME's 2019 volume in 2019 was 4.83 billion contracts, roughly the same as the prior year.
Secondary market discount narrows to 70% from 80% in Nov after Reliance Home Fin’s assurance on repaying retail debenture holders
The discount narrowed to 70% in the latest transactions from 80% in trades in November.
The company is expected to meet a group of bankers in Atlanta in the next few weeks as US Treasury yields are dropping this month, lowering global funding costs. It is in the process of appointing investment bankers. The US benchmark treasury yield, a key gauge for pricing global bonds, has dipped 13 basis points this calendar year until Wednesday.
The bond sale would help the retailer expand its borrowing sources as Future looks to expand its retail footprint.
The bonds are likely to have eight-to-ten year maturity, and the issue is open for subscriptions in the US, three people with direct knowledge of the matter told ET.
Complaints to the National Financial Reporting Authority (NFRA), the regulator of CA firms, are likely to cite failures of Grant Thornton and PwC in spotting irregularities, market sources said. Investors have also demanded a copy of the forensic audit conducted by Grant Thornton. PwC was the statutory auditor of Reliance Home Finance.
IndoStar has raised Rs 610 crore under PCG over past one month.
Centrum Housing Finance, which started operations in 2016, is a stepdown subsidiary of Centrum Capital, the listed group entity of Centrum. The firm reported revenue of Rs 37.64 crore in financial year 2019 compared to Rs 10.4 crore in the previous year. Its profit after tax stood at Rs 1.4 crore during the period compared with Rs 18.9 lakh in FY18, its annual report showed.
Edelweiss is a home-grown professional financial services group built over 25 years by more than 11,000 employees and 2 million customers. The group has many large, Indian and foreign customers, investors and partners as the company cities endorsing ita governance standards.
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