The trusteeship has also requested the RBI to protect interest of debenture holders.
Brokerages ET spoke with said that they have received several requests from investors wanting to exit AT1 and tier 2 exposures of smaller banks at 15-20% discount.
The telecoms firm has recently completed Japan’s largest-ever tender offer for the 34% of NTT Docomo Inc stock that it did not own.
Adityanath called the listing a historic moment and added that other cities including Ghaziabad, Agra, Kanpur, Prayagraj and Varanasi will be using this route for raising resources.
Uttar Pradesh CM Yogi Adityanath along with prominent industrialists on Wednesday attended the listing of Rs 200 crore Lucknow Municipal Corporation (LMC) bond at the Bombay Stock Exchange. Lucknow now becomes the ninth city in India to have raised municipal bonds and the first city to issue such a bond after the launch of Atal Mission for Rejuvenation and Urban Transformation (AMRUT) Scheme.
The issue which was opened on 13 November was subscribed 4.5 times. It’s one of the 8 cities in India that have capitalized on the new guidelines to fund the AMRUT and Smart Cities Mission to raise an aggregate of Rs 3,690 crore as per government data.
While PMSes and mutual funds are both professionally managed, in the case of the former, the inve
Kotak Securities said the acquisition of Richmore would be value accretive for the company, thoug
Two wheeler export grew at a record 29% year-on-year in October followed by 18% growth in Novembe
Analysts expect the company to report a profit before tax of Rs 400 crore in FY22.
“Due to the rise in the markets, the past returns for one- and three-year periods are looking goo
Rakesh Jhunjhunwala's equity portfolio is worth 14,147 crore today, which almost equals his June
Stocks of infrastructure companies have become some of the biggest wealth destroyers on Dalal Str
All key sectors, barring capital goods and utilities, reported expansion in operating margins.
Bitcoin was trading at about $19,410 as of 3:40 p.m. in Tokyo. The broader Bloomberg Galaxy Cry
The bond holders have also argued that when the regulator moved to protect public deposits worth Rs 20,000 crore, it should also have considered retail bonds holders who form a minuscule part of the total liabilities.
LMC is the first civic body in north India to issue bonds under Atal Mission of Rejuvenation and Urban Transformation (AMRUT). LMC has raised Rs. 200 crores by issuing municipal bonds on private placement basis using BSE Bond platform.
A petition could be filed in the Madras High Court this week, said people that are part of the plan, joining shareholders and promoters that have challenged the merger that’s extinguished their stocks.
People tracking the bond market said these banks could face heat as investors are likely to demand a higher premium with the regulator setting a precedent of wiping out bond holdings. Some of the weak public sector banks, too, may see pressure on risk premium, they told ET.
Large cos have together raised Rs 30,537 cr through debt issues in past three weeks, JM Fin data show
The development took place Thursday, a day before LBV's amalgamation with DBS Bank India, even as promoters and shareholders of the old generation lender moved Bombay High against the decision of extinguishing their equity investment.
“The RBI’s dollar buying to prevent the rupee from appreciating has driven liquidity to a large excess,” said Arvind Chari, head of fixed income and alternatives at Quantum Advisors Pvt.
Bond prices plunged pushing yields up. Since November 23, the first working day after the Reserve Bank of India (RBI) ordered a special audit into SREI’s books, bond prices plunged 13.5%.
The Basel-III capital regulations are globally accepted banking norms under which banks need to improve and strengthen their capital planning processes.
The bond issuer can call back the bonds before the maturity date by paying back the principal amount to investors.