Wednesday, July 29, 2015

Adani Group Co to Raise Up to ` Rs 6k cr Via Securities Issue : The Economic Times



Adani Enterprises, the flagship company of the Adani Group, plans to raise up . 6,000 crore through issuance of securities to ` to sustain rapid business growth. The company also aims to raise its borrowing limit to up to . 12,000 crore to keep pace with the expanding ` business operations. Adani Enterprises will approach its shareholders with these resolutions later this month at the company's AGM.

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Prestige Estates Projects on Tues . 500 crore through issue day said it has raised ` of non-convertible debentures and the fund would be utilised for retiring high-cost debt, expansion and acquisition. ICICI Prudential and Kotak Mutual Fund invested in the NCDs issued by Prestige Estates. Bengaluru-based Prestige has raised the funds at a coupon rate of 11.27 per annum payable monthly.

1 comment:

  1. To get extra comfort if you are planning to buy 3 BHK in Dombivli so it could be big financial decision for you as it involve huge amount of money and probably you are going to invest your life time savings in it. But if you are feeling that you are short with budget, so you should know that there are some banks and financial institution which are offering home loan for property in Mumbai at very low interest rate.

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