18th Jan 17 Capital First to raise Rs. 500 crore via non-convertible debentures (NCDs)
Capital First, a leading MSME and consumer financing firm is set to raise funds worth Rs. 500 crore via non convertible debentures on private placement basis. The debentures, with a tenor of 3 years, will carry a coupon rate of 8.35 percent, payable annually and on date of redemption.
18th Jan 17 Yes Bank launches Yes Fintech, a business accelerator program in collaboration with T Hub
Yes Bank in collaboration with THub (a startup incubator) has launched a business accelerator program named Yes Fintech. Under the program, the bank will provide innovative solutions to MSMEs and SMEs via Alliances, Relationships and Technology model (digitised banking approach). Yes Fintech will also help the bank to provide undisruptive lending and payments solutions to its MSME customers.
18th Jan 17 Gold prices rise by Rs. 150 on global cues with an increase in demand
Gold prices in bullion market rose by Rs. 150 at Rs. 29, 650 per 10 grams on 17th January, 2017. The price rise is driven by positive global cues and an increased demand by jewellers to meet the wedding season demand.
18th Jan 17 Muthoot Finance to raise Rs. 1, 400 crore via NCDs
Muthoot Finance is set to raise funds worth Rs. 1, 400 crore via public issue of non convertible debentures. The debentures, with a tenor of 96 months, will carry interest rates ranging between 8.25 to 9.25 percent payable annually and at maturity. The issue opens on 17th January, 2017 and will close on 17th February, 2017.
18th Jan 17 JM Financials is likely increase its stake in affordable housing firm India Home Loan
JM Financials is likely to further increase its stake in India Home Loan, affordable housing finance firm. JM Financials currently holds a 24.50 percent stake in the company. India Home Loan is a housing finance firm that primarily provides home loan product under affordable housing loan segment.
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