REGULATORY AFFAIRS
Govt allows 13 cos to raise Rs 48,000 cr via tax-free bonds
The bonds would be in a tenure of 10, 15 or 20 years. Retail investors, qualified institutional buyers, corporates and high networth individuals can subscribe to the bonds, the CBDT said in a circular.
The companies which have been allowed to issue bonds include IIFCL (Rs 10,000 crore), IRFC (Rs 10,000 crore), National Housing Bank (Rs 3,000 crore), NTPC (Rs 1,750 crore) and NHPC (Rs 1,000 crore).
Besides, National Highway Authority of India (NHAI), Rural Electrification Corp (REC), Power Finance Corp (PFC) and Housing and Urban Development Corp (HUDCO) have been allowed to raise up to Rs 5,000 crore each in the current fiscal.PIB
News Must Read
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area