Recently SEBI have decided to take stingent action against unauthorised trading on clients account by stock brokers and margin short falls in derivative market across equity and currency segment. SEBI has issued circular no CIR/DNPD/7/2011,regarding margin short falls in derivative segment.Vide this circular SEBI has prescribed stingent penalties to be levied on clients failing to…
Muthoot finance NCD Issue:
About Muthoot Finance: Muthoot Finance is a “Non-deposit taning NBFC” headquartered in Kerala.It is one of the largest gold loan financing company and provide personal and business loans secured by gold jewelery.It has more than 2600 branches across all over India. NCD Issue: It is a public issue of NCDs aggregating upto Rs. 5000 million with…
Manappuram Finance NCD issue august 2011:
Today, it has become easy for companies to raise money through Non convertible debentures as equity market is not doing well..A well known and one of the oldest Kerala based Gold-loan finance company Manappuram finance is going to raise 400 cr through NCD issue with option of retaining 350 cr. over-subscription. Key Point of this issue…