Puravankara To Raise Up To Rs 1,500 crore Via NCDs:
Realty firm Puravankara Projects Ltd plans to raise up to Rs 1,500 crore by issuing non-convertible debentures (NCDs) for execution of its projects.
Puravankara has sought shareholders approval for raising funds through NCDs and changing the name of the company through postal ballot.
In a postal ballot notice, it said: “The Board of Directors of the company are contemplating the feasibility of borrowing money through the issue of non-convertible debentures, subject to the approval of the members of the company by passing a special resolution,”
The approval has been sought to offer or invite subscriptions for redeemable non-convertible debentures in one or more series or tranches aggregating up to Rs 1,500 crore.
If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.
ICICI Prudential Life Insurance IPO subscription has successfully close on September 21, 2016. Now ICICI Prudential IPO Allotment and Listing will be in process.
One more main stream IPO, HPL Electric & Power Ltd IPO will open September 22,2016 and will close on September 26, 2016.
1 NSE SME IPO, AVSL Industries Ltd is going to launch from September 15, 2016 – September 28, 2016.
Keep watching this blog to keep yourself updated with all the news.
If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.
If you like to have a Chance to Win a Smart Phone just Like and share us.
Current Grey Market Premium (GMP) of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) is between Rs 22 – Rs 25 per equity share.
GNA Axles Ltd IPO (GNA Axles IPO) Grey Market Premium (GMP) between Rs 45 – Rs 50 per equity share. While HPL Electric & Power Ltd IPO (HPL Electric IPO) Grey Market Premium (GMP) is still not active in market.