For the January-March quarter, the deal activity declined by 21 per cent by the value of investments to USD 13.3 billion as compared to the year-ago period.
The 90 days deadline extension was necessitated as the lenders decided to hold a second round of auction on April 26 in order to maximise the recovery from the sale of Reliance Capital assets, sources said.
Aequs, which partners with several global and domestic original equipment manufacturers in the toys, aerospace and consumer goods segment, said it would use the fund to scale up its manufacturing capabilities.
Other financial institutions National Housing Bank (NHB) and the National Bank for Agricultural and Rural Development (Nabard) are also set to tap debt capital markets on Friday. NHB is likely to sell three-year bonds of up to Rs 2,000 crore, while Nabard is set to issue three-year bonds of up to Rs 5,000 crore, the sources said.
The non-performing assets (NPAs) of the NBFCs in education loans -- over 90 per cent of which are foreign students -- have remained below 0.5 per cent, Crisil said on Thursday. The rating agency's senior director Ajit Velonie said there are structural reasons for the lower NPAs, including the insistence on having a co-borrower, which is usually the parent.
Anil Agarwal-led resources conglomerate Vedanta has encumbered a part of its stake in Hindustan Zinc (HZL) to raise Rs 1,500 crore in loans against those shares at more than 50% margin to their market value, Vedanta told the exchanges in a mandatory filing Thursday.
Lenders to Anil Ambani-promoted Reliance Capital decided they will not accept any topping offer outside the proposed auction process and negotiate only with the highest bidder, multiple people aware of the development told ET.
In the pandemic-hit FY22, its loan book stood at Rs 6,300 crore from which it had earned Rs 79 crore of net income, chief executive Sadaf Sayeed told PTI. He attributed the massive loan book expansion to the low base in the pandemic hit year, and bases his optimism to maintain the momentum on the rising need for liquidity among its customers, even though the interest rates have risen.
The resolution professional, Mamta Binani, received 12 expressions of interest (EoI) which included eight companies, one Singapore-based fund house and three individuals.