Bengaluru, 7 July 2025: Adani Enterprises Limited (“the Company” or “AEL”), the flagship company of the Adani Group and India’s largest listed business incubators in terms of market capitalization with a long track record of creating sustainable infrastructure businesses since 1993, has announced the launch of its second public issuance of secured, rated, listed redeemable, non-convertible debentures. AEL’s first NCD issuance of ₹800 crore, launched in September last year, was fully subscribed on the first day.

“The second public issuance of NCDs by AEL, further deepens our commitment to inclusive capital markets growth and retail participation in long-term infrastructure development. This new issuance follows the strong market response to AEL’s debut NCD offering, which witnessed capital appreciation for debt investors after a rating upgrade within six months, reflecting the Group’s consistent delivery and financial robustness,” said Jugeshinder ‘Robbie’ Singh, Group CFO, Adani Group. “As the incubator of India’s most critical energy and transport utility platforms including Adani Ports & SEZ, Adani Energy Solutions, Adani Power, and Adani Green Energy, AEL is now successfully scaling the next generation of infrastructure businesses across airports, roads, data centers, and the green hydrogen ecosystem. Each of these verticals is poised to play a transformative role in India’s journey toward a $5 trillion economy,” he added.

AEL is the only corporate (outside of NBFCs) offering a listed debt product for retail investors, thereby creating a rare opportunity for individual and non-institutional investors to participate in India’s infrastructure growth story. With the recent rate cuts and the beginning of a softer interest rate cycle, the AEL NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues. Offering competitive yields compared to similarly rated NCDs and fixed deposits, this public issue presents a valuable proposition for the investors.

The proposed NCDs have been rated “Care AA-; Stable” and “[ICRA]AA- (Stable)”. CARE Ratings first upgraded the credit rating of AEL on 19 February 2025 and reaffirmed the rating on 18 June 2025. ICRA assigned ‘“[ICRA]AA- (Stable)’ rating on 28 March 2025 and reaffirmed it on 17 June 2025. Securities with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.

The base size issue is ₹500 crore, with an option to retain over-subscription up to an additional ₹500 crore (“Green Shoe Option”) aggregating up to ₹1,000 crore (“Issue” or “Issue Size”). The Issue will open on 9 July 2025, and close on 22 July 2025, with an option of early closure or extension.

The NCDs have a face value of ₹1000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size would be ₹10,000.

At least 75% of the proceeds from the issuance will be utilized towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the Company, and the balance (up to a maximum of 25%) for general corporate purposes.

Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited and Tipsons Consultancy Services Private Limited are the Lead Managers to the Issue.

The NCDs are available in tenors of 24 months, 36 months and 60 months with quarterly, annual and cumulative interest payment options across eight series.

The post Adani Enterprises Announces ₹1,000 cr NCD Issue Offering up to 9.30% p.a. appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, April 22, 2025: Muthoottu Mini Financiers Limited (Muthoottu Mini Financiers), has announced the launch of a public issue of its secured, redeemable non-convertible debentures (“NCDs”) with a face value of ₹1,000 each. The issue comprises a base size of ₹100 crore with an option to retain over-subscription up to ₹100 crore, aggregating to a total of ₹200 crore.

The NCD issue opens on Wednesday, April 23, 2025, and is scheduled to close on Wednesday, May 7, 2025*, with the possibility of early closure as may be determined by the Board of Directors of the Company or the Debenture Committee, subject to requisite approvals and in accordance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The NCDs are proposed to be listed on BSE Limited, which will serve as the designated stock exchange for the issue.

Muthoottu Mini Financiers’ NCDs will offer effective annualised interest rates ranging from 9.50% to 10.75%, under its Series II to Series VI, depending on the tenor selected.** Tenor options include 18 months under Series I with cumulative interest payment, 24 months under Series II with monthly interest payment, 36 months under Series III with monthly interest payment, 48 months under Series IV with monthly interest payment, 60 months under Series V with monthly interest payment and 60 months under Series VI with annual interest payment. Proceeds from the issue will be deployed toward onward lending, repayment or prepayment of principal and interest on existing borrowings, and for general corporate purposes.

The NCD issue has been rated ‘ICRA A (Stable)’ by ICRA Limited which rating shall remain valid on date of the issue and allotment of the NCDs.

With its registered and corporate office at 65/623-K, Muthoottu Royal Towers, Kaloor, Kochi, Kerala, Muthoottu Mini Financiers provides a variety of gold loan schemes to suit customers individual needs. The company’s core business focuses on gold loans, whereby the customers  pledge their gold ornaments and its technology helps reduce the time it takes to complete gold loan transactions. Beyond gold loans, Muthoottu Mini Financiers also offers other financial services such as insurance agent services, money transfer services, and depository participant services. Muthoottu Mini Financiers also extends microfinance loans, primarily targeting women-led joint liability groups in rural and semi-urban areas of Kerala.

As of December 31, 2024, Muthoottu Mini Financiers operates through a network of 921 branches across 10 states and the union territories of Delhi and Puducherry, serving a customer base that continues to grow. As on December 31, 2024, the Company had 5,335 employees.

Over the past three fiscal years (commencing from 2022 till 2024), Muthoottu Mini Financiers has demonstrated growth in both its Assets Under Management (AUM) and Profit After Tax (PAT). As on December 31, 2024, the Company maintained 5,98,002 gold loan accounts aggregating to 3,51,650.71 lakh and 84,003 microfinance loan accounts , aggregating to ₹ 29,618.21 lakh.

The company has also satisfied the minimum capital adequacy ratios prescribed by RBI, with  capital to risk weighted adequacy ratio (CRAR) standing at 23.53%, 23.86%, 22.81% and 21.65% as of December 31, 2024, March 31, 2024, March 31, 2023 and March 31, 2022, respectively. The Gross Non-Performing Assets (GNPA) remained at 0.61% in FY 2022, 0.43% in FY 2023, 0.88% in FY 2024 and 1.22% in December 31, 2024.

The post Muthoottu Mini Financiers Announces Public Issue of Secured Non-Convertible Debentures to Raise up to ₹200 Crore appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, February 4, 2025: Muthoot FinCorp Limited (MFL), the flagship company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the launch of the Tranche IV series of secured and redeemable non-convertible debentures (NCDs) with a face value of Rs. 1000 each, scheduled for issuance on February 4, 2025. The purpose of this offering is to facilitate lending, financing, and the repayment of both interest and principal on the Company’s existing indebtedness, along with general corporate purposes. Muthoot FinCorp aims to raise an amount aggregating to Rs. 400 crore which is within the shelf limit of Rs. 2000 crore. The NCD Tranche IV issuance amounts to Rs. 100 crore (“Base Issue Size”) with a green shoe option of Rs. 300 crore aggregating up to Rs 400 crore (“Tranche IV Issue Limit”) (“Tranche IV Issue”).  Effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.38% to 10.10%. Investors can choose from tenure options of 18, 24, 36, 60 and 72 months.

The Tranche IV series will be open to the public from February 4, 2025 to February 17, 2025 subject to early closure upon approval from the Board of Directors or the Stock Allotment Committee of the Company, and in accordance with applicable regulations under Regulation 33A of the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, as amended (SEBI NCS Regulations).

These NCDs have been rated CRISIL AA-/Stable (pronounced as “CRISIL double A minus with a Stable outlook”) by CRISIL Ratings Limited, indicating a high degree of safety for timely servicing of financial obligations. It is proposed that these instruments will be listed on the debt market segment of the BSE.

All individual investors applying through intermediaries (viz. syndicate members, registered stockbrokers, registrar to an issue and transfer agent and depository participants), where the application amount is up to ₹ 5 lakh, shall only use UPI for the purpose of blocking of funds and provide his/ her bank account linked UPI ID in the bid-cum-application form submitted with intermediaries. However, individual investors shall continue to have the choice of availing other modes (viz. through SCSBs and Stock Exchange Platform) for making an application in the public issue. With the Muthoot FinCorp ONE app customers can invest in NCDs easily anytime, anywhere at the comfort of their homes as well as through the wide network of our 3700+ branches. Alternatively, customers can use the UPI based investing mechanism that is present in our NCD Module.

“We are pleased to announce the launch of our latest NCD series, offering secure and high-yield investment opportunities. Investors can seamlessly invest through Muthoot FinCorp’s extensive network of over 3,700+ branches or via our mobile application, Muthoot FinCorp ONE, for investments up to ₹5 lakhs.  This initiative reflects our ongoing commitment to providing innovative financial solutions in an easy and convenient manner,” said Shaji Varghese, CEO – Muthoot FinCorp Limited.

The post Muthoot FinCorp unveils Tranche IV series of NCD, with an aim to raise Rs. 400 crore appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

This is the first Listed NCD issuance of Sterlite Grid 32 Limited after its Joint Venture with GIC of Singapore. The NCDs are rated AA+ stable by CRISIL Rating. The National Bank for Financing Infrastructure and Development (NaBFID) and India Infrastructure Finance Company Limited (IIFCL) emerged as the successful bidders to the NCDs, which has been listed on the Bombay Stock Exchange (BSE).

Speaking on the development, Mr. Pratik Agarwal, Director, Sterlite Grid 32 Ltd, said, “This precedent-setting transaction marks a significant achievement for the business, showcasing our ability to secure cost-efficient financing while maintaining strong investor confidence. The success of this transaction highlights our commitment to deliver value to our stakeholders and aligns with our vision of advancing India’s green energy infrastructure. This initiative is not merely a financing success but a steppingstone to our future financing strategy”.

He further added, “This transaction has helped us diversify from its traditional sources of debt financing to debt capital market financing. The JV now has access to stronger alternative source of funds.”

The JV Platform had won MUML Project in June 2020, through Tariff Based Competitive Bidding (TBCB) to execute the green energy corridor project on BOOM (build, own, operate, maintain) basis for a period of 35 years. MUML Project has established a transmission system covering western region strengthening Scheme-XIX (WRSS-XIX) and northeastern region strengthening Scheme-IX (NERSS-IX) spanning across Maharashtra, Gujarat, Assam, and Arunachal Pradesh. MUML Project is critical for strengthening the transmission system in the Mumbai Metropolitan Region, with the potential to carry more than ~2000 MW of additional power to Mumbai and Navi Mumbai.

The closure of INR 2450 crore funding manifests confidence in India’s rapidly expanding renewable power sector. Even as India builds sizeable green capacity, it needs to be integrated seamlessly with the national grid. MUML will play a critical role in this mega transmission project that will facilitate the evacuation of 20 GW of renewable energy from the State of Rajasthan.

The post Sterlite Grid 32 Ltd announces successful closure of INR 2450 Crore listed NCDs for Mumbai Urja Marg Limited  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

As per the study it has been found that there has been a drastic reduction of up to 50% in the Air Quality Parameters such as PM10, PM2.5, PM1 and Gaseous particles of NO2, SO2 CO & OZONE as well as in Volatile Organic Compound VOC/BTX  such as Benzene, Toulene, Xylene and NH3. The Amity AXAPC team looked at 24 hourly averages of ambient Air Quality from the averaged quality monitors from CPCB monitoring stations in and around Delhi & NCR.

It was revealed that on 22/03/2020 of PM10, PM2.5, NO2, SO2 CO, OZONE, had measured 98, 62, 23, 13, 08, 40 µg/m3 (Except CO-mg/m3) respectively and  VOC/BTX – Benzene, Toulene, Xylene and NH3 measured 10, 18, 25 and 11 µg/m3 respectively almost 50% that of the levels on 21^st March.. Amity University Haryana AUH has a highly sophisticated Air Quality Monitoring Station at its campus at Pachgaon, Manesar that itself looks at the Air Pollution parameters at the doorsteps of the millennium city of Gurugram. AUH further has the NASA Aeronet Monitor that looks at ultrafine aerosol particles and their concentration in air. These particles can travel great distances, even across continent weather currents.

“It is important to keep the ambient Air Quality in healthy conditions during the Coronavirus crisis as the respiratory diseases and heart strokes are greatly impacted by degraded Air Quality” says Prof PB Sharma, Vice Chancellor, Amity University Haryana. The safe limit for Air Quality as per the WHO is to keep the particulate matter PM2.5 below 20mg/m3 while India during most of time of the year records PM 2.5 higher than 100mg/m3 which is 5 times higher than the global safe limit.

The nationwide Janta Curfew undoubtedly brought the particulate matter such as PM2.5 to 62 mg/m3. It may be mentioned that Air Pollution has been found to harm human being from head to toe. The ultrafine particles of particulate matter and Volatile organic Compounds such of Benzene and ammonia pass through the lungs and are carried into the bloodstream to expose virtually to all cells in the body.

As per WHO report an estimated 7 million deaths worldwide are associated with Air Pollution and this cause of mortality due to Air Pollution accounts for 11.6% of all global deaths. WHO further recognizes that Air Pollution is a critical risk factor for non-communicable diseases (NCDs), causing an estimated one quarter (24%) of all adult deaths from heart disease, 25% from stroke, 43% from chronic obstructive pulmonary disease and 29% from lung cancer.

The post Amity Center for Air Pollution Control (ACAPC) reveals drastic reduction in Air Pollution on Janta Curfew Day appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.