These 6 companies garner over Rs 19,000 crore via NCDs in FY17
A total of six companies have garnered Rs 19,116.43 crore in the first five months of this fiscal year from the issue of Non-convertible Debentures (NCDs).
All companies that issued NCDs in this period have reported a profit.
In the last fiscal year, 18 companies had raised a total of Rs 33,811.92 crore as against the previous year that garnered Rs 9,713.43 crore from 21 companies.
NCDs are loan-linked bonds that cannot be converted into stock and usually offer higher interest rates than convertible debentures.
Dewan Housing Finance Corporation Limited (DHFL) has received the highest amount of subscriptions of Rs 12,717.05 crore during August 29 to September 12 and Rs 4,000 crore from August 3 to August 4.
Mahindra & Mahindra Financial Services raised Rs 1,000 crore as against a base size of Rs 250 crore.
Muthoot Finance raised Rs 500 crore as against the company’s target of Rs 250 crore, Kosamattam Finance raised Rs 235 crore against a target of Rs 125 crore. Edelweiss Housing Finance raised Rs 500 crore as against the company's target of Rs 250 crore.
Shakthi Finance raked in Rs 165 crore compared with the base size of Rs 100 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
IRCTC Dividend 2024: Railway PSU announces 200% interim dividend - Check record date and other details
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
05:31 PM IST