Aadhar Housing Finance NCD issue opens on 14th September
Aadhar Housing Finance Ltd (AHFL), a deposit taking housing finance company (HFC), plans to raise Rs.1400 crore through issue of secured redeemable non-convertible debentures (NCDs) of face value Rs.1000, maturing in 3, 5 and 10 years. The base size of the issue is Rs.500 crore with an option to retain oversubscription up to Rs.900 crore. The issue, which carries an interest of 9.6% - 9.75%, will close on 28 September 2018. The NCDs under this issue have been assigned ‘CARE AA+ (SO)’ and ‘BWR AA+ (SO)’ ratings by CARE Ratings and Brickwork Ratings respectively.
Garden Reach Shipbuilders & Engineers Ltd (GRSE) plans to raise Rs.345 crore through its IPO in the price band of Rs.115-118 for its Rs.10 paid-up equity share. The IPO is a pure offer for sale (OFS) of 29,210,760 equity shares by the promoter i.e. the President of India, acting through the Ministry of Defence. The issue closes on Wednesday, 26 September 2018.