Tue, Mar 28, 2017 | updated 01:36 PM IST

Idea Cellular to raise Rs. 500 crore via non-convertible debentures

Updated: Jan 13, 2017 12:07 IST

New Delhi [India], Jan 13 (ANI): Telecom operator Idea Cellular on Friday announced its plans to raise Rs. 500 crore through issuance of non-convertible debentures.

The telecom company is proposing to issue unsecured redeemable non-convertible debentures amounting to Rs 500 crore on private placement basis.

Idea in a regulatory filing today announced its plan is to issue NCDs on January 17 on National Stock Exchange on which it is offering 7.77 percent annual interest.

"The date of maturity for these NCDs will be January 17, 2022. This would be the third fund raising round by Idea within a period of two months. Idea raised Rs. 1,500 crore on December 13 and Rs. 1,000 crore on January 4 through issue of debentures on private placement," added the regulatory filing. (ANI)

New Delhi [India], Mar 28 (ANI): Capillary Technologies, the leader in cloud-based OmniChannel Engagement and Commerce solutions has partnered with Exclusífe to provide comprehensive CRM solutions to retailers of all sizes in India.

Full Story >>

New Delhi [India], Mar 28 (ANI): Largest telecommunications services provider Bharti Airtel Limited on Tuesday announced the successful completion of the secondary sale of over 190 million shares of its subsidiary Bharti Infratel Limited (Bharti Infratel) representing 10.3 percent, to a consortium of funds advised by KKR and Canada Pension Plan Investment Board for a total consideration of over Rs. 6,193.9 crore (approx. USD 951.6 million), executed at a price of Rs. 325 per share.

Full Story >>

New Delhi [India], Mar 28 (ANI): Housing.com has launched a unified platform for real estate developers and partners to manage their business, 'Housing Partner'.

Full Story >>

New Delhi [India], Mar 28 (ANI): India's largest Income Tax returns e-filing and enterprise compliance service provider ClearTax on Tuesday launched its GST e-learning kit to educate the business community and make over 2.5 lakh CAs and Tax Return Preparers GST-ready and help them serve over 1 crore businesses.

Full Story >>

New Delhi [India], Mar 28 (ANI): Digital platform that connects, engages and helps sports audiences interact with each other on a real-time basis, Rooter on Tuesday announced raising of an undisclosed amount of funds from Intex, one of India's fastest growing consumer electronic goods and accessories manufacturer.

Full Story >>

New Delhi [India], Mar 28 (ANI-NewsVoir): As per a National Book Trust NCAER survey in 2009, there were 83 million Indians (13-35 age group) reading books for leisure in 2009. Reading in Hindi, Marathi, Bengali and English primarily, 46 percent of the respondents chose "knowledge enhancement" as a reason for reading books.

Full Story >>

New Delhi [India], Mar 28 (ANI-BusinessWireIndia): The Schwab Foundation for Social Entrepreneurship, a sister organization of the World Economic Forum, in partnership with the Jubilant Bhartia Foundation announces opening of entries for the annual competition Social Entrepreneur of the Year (SEOY) India Award2017.

Full Story >>

New Delhi [India], Mar 27 (ANI): Leading financial marketplace Wishfin on Monday announced developments in the company's management team with key new hires to support its expansion.

Full Story >>

New Delhi [India], Mar 27 (ANI): Bank of Baroda, India's leading public sector bank has entered into MOU with Jain Irrigation Systems Limited, with an objective to finance the Micro Irrigation systems i.e. drip and sprinkler irrigation sold by the company through the network of Bank of Baroda branches across the country.

Full Story >>

New Delhi [India], Mar 27 (ANI): The 33rd Edition of India Carpet Expo, Organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi was inaugurated today with lamp lighting by Minister of Textile, Smriti Irani in the august presence of Ajay Tamta, Minister of State for Textiles and Virender Singh, Member of Parliament, Bhadohi.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's top mobile balance management service app True Balance has introduced a welcomed addition of 'One-click Recharge' feature to facilitate easy phone bill payments through its platform.

Full Story >>

New Delhi [India], Mar 27 (ANI): Unveiled at the Milan Men's Fashion Week 2017, the Ducati Diavel Diesel is now available on special order at Ducati dealerships across the country. One of the most successful Ducati models in India, the Diavel has now donned an exquisite avatar, as a result of a creative collaboration between the Ducati Design Center and Andrea Rosso, Diesel Licensing Creative Director.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's leading online recruitment marketplace Aasaanjobs on Monday announced the launch of its unique search and filter feature for job seekers on its platform.

Full Story >>

New Delhi [India], Mar 27 (ANI-NewsVoir): The fast moving consumer goods (FMCG) segment is the fourth largest sector in the Indian economy.

Full Story >>

New Delhi [India], Mar 27 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co. has been awarded the 'National Law Firm of the Year, 2017, India' by Chambers and Partners, the world's premium evaluator of Legal Services.

Full Story >>

New Delhi [India], Mar 27 (ANI): Lalit Dalmia has launched his brand new Collection Name Fad Paradise at Indian Showcase week. The show was opened by singer composer Arko Mukherjee and closing ceremony was done by Mohammed Morani.

Full Story >>

New Delhi [India], Mar 27 (ANI): Punjab Agri Export Corporation Ltd. (PAGREXCO) has signed an MOU for an Exclusive Alliance for Ecommerce Enablement of PAGREXCO in association with Trendybharat.com. Under this agreement, Trendybharat.com will market, promote and sell Punjab Agro's organic products across India and overseas.

Full Story >>

New Delhi [India], Mar 27 (ANI-BusinessWireIndia): Tata Capital, the financial services arm of the Tata Group, today, announced the launch of 'myLoan' - a first-of-its kind Mobile App by the company to extend its existing personal loan offering to the emerging younger and mobile savvy audience.

Full Story >>

New Delhi [India], Mar 27 (ANI): India's largest online marketplace Snapdeal on Monday announced a range of initiatives launched at curbing fraudulent online transactions, are accruing massive cost savings for the company.

Full Story >>