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June 19, Tuesday 2018 5:45 PM       

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       BUSINESS Next Article: RBI needs more powers to oversee PSB: Guv to panel  
       Ind-Swift Laboratories raises Rs 424.5 crore via NCDs
 
         Posted on :17:31:20 Jun 13, 2018
   
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       Last edited on:17:31:20 Jun 13, 2018
         Tags: ind-swift, NCD, BSE
 

Drug firm   Ind-Swift Laboratories today said it has raised Rs 424.5 crore through allotment of redeemable non-convertible debentures to two investors. The company has allotted 4,245 debentures to ECAP Equities Ltd and ECL Finance Ltd, Ind-swift Laboratories said in a BSE filing.

"...the Board of Directors in their meeting held today approved inter-alia among other items, the allotment of 4,245 10% secured rated listed redeemable non-convertible debentures of face value of Rs 10,00,000- each to the investors whose bids are accepted through EBP mechanism...," it added. The tenure of allotment is 6 years, Ind-Swift Laboratories said. The company, however, did not mention what it proposed to do with the amount being raised. Shares of Ind-Swift Laboratories were today trading at Rs 82.80 per scrip in the afternoon trade on BSE, up 4.94 percent from its previous close.

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       BUSINESS
Next Article: RBI needs more powers to oversee PSB: Guv to panel
 
 
BUSINESS HEADLINES
WhatsApp Payments to be rolled out soon: here is how it's different from competition  
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Rupee dives to 3-week low at 68.01 on macro-liquidity shocks  
Gold rises on mild demand, silver surges for 8th session  
AFT directs govt to remove anomaly in HRA  
Grand Finale of Smart India Hackathon from June 18-22  
GST refund drive extended till June 16  
Ind-Swift Laboratories raises Rs 424.5 crore via NCDs  
RBI needs more powers to oversee PSB: Guv to panel  
RBI Guv appears before Par panel; assures steps to strengthen banking system  
India decision to increase tariff on apples to hit US growers, say Congressmen  
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RBI releases June '18 issue of monthly bulletin  
'Trying to complete bullet train project by 2022'  
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Assocham for implementation of guidelines on direct selling by states  
SBI expects Rs 30,000cr recovery from resolution under IBC  
Google will not develop AI for use in weapons: Pichai  
Economic growth may cross 8% in next 2 yrs: Prabhu  
RBI policy seems positive for growth revival: FICCI  
Bajaj Finance Limited offers health insurance on no cost EMI  
RBI gives big relief to MSME sector  
Growth indicators suggest economic revival: RBI  
 
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