RBI, ESMA ink pact on exchange of information related to central counterpartiesThe Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA) have signed a Memorandum of Understanding (MoU) to...
Race for investment in JP Power ahead of parent auction todayAdani Power, Kotak Alternate Assets, Vedanta, and Oaktree are vying for JP Power's ₹3,800 crore CCPS, potentially gaining a 25% stake and t...
Nuvoco Vistas plans to raise Rs 1,200 crore for Vadraj buyoutNuvoco Vistas plans to raise ₹1,200 crore through CCDs and CCPS in Vadraj Cement to refinance bridge facilities used for the ₹1,800 crore a...
Uncertainty over strategy of JPVL lenders clouds Jaypee Associates' debt resolutionThe corporate debt resolution of Jaiprakash Associates Ltd (JAL) faces uncertainty due to a lack of clarity on lenders' future plans for Ja...
Ather Energy converts preference shares into equity; likely to launch IPO in AprilElectric two-wheeler maker Ather Energy Ltd has taken a significant step toward its much-anticipated initial public offering (IPO) by conve...
What are compulsory convertible preference sharesCompulsory convertible preference shares (CCPS) are a class of preference shares that must be exchanged for common shares after a specific ...
Bharat Wire looks to buy CCPS issued in 2021 rejigPromoter ML Mittal has told State Bank of India, Exim Bank, Union Bank of India and Bank of Baroda that the company will buy out the lender...
UK grants equivalence to RBI authorised clearing houses"This is because the RBI requires CCPs it designates as an FMI to comply with the PFMIs (Principles on Financial Market Infrastructures). A...
Sebi issues norms for interoperability among clearing corporationsAt present, different bourses have their own CCPs , which handle settlement of trades on the respective stock exchanges.
RBI lays down norms for CCPsThe framework aims at ensuring that these entities function in an efficient and effective manner.
DLF board gives nod to defer sale of 40% promoter stake in rental arm till March 2017The sale of the stake in rental arm, which houses office and retail assets, to long term investors was estimated to yield Rs 12,000-14,000 ...
ABG Shipyard rallies over 6% on allotment of preference shares to 4 lendersThe 6.32 crore CCPS were allotted to Lakshmi Vilas Bank, Punjab National Bank, State Bank of India and Oriental Bank of Commerce.
ABG Shipyard allots 6.32 crore CCPS to four lenders under CDR planABG Shipyard today said it has allotted more than six crore compulsorily convertible preference shares (CCPS) to four lenders under its cor...
DLF promoters defer conversion of CCPS into shares by 1 yearDLF said its promoters have deferred till March next year conversion of securities held in the realty major's subsidiary into equity shares...
GMR shareholders approve issue of preference shares, securitiesThe allotment of CCPS is in lieu of the investments made by Temasek, IDFC and other investors in GMR's subsidiary GMR Energy.
Feeling the impact of higher construction costs: Ashok Tyagi, DLF" The CCPS are held in our subsidiary called DLF Cyber City Developers Ltd, and there is time till March 2015 for the promoters to convert ...
- Indian cos get breather on overseas direct investments
The Reserve Bank today relaxed various norms on overseas direct investments to offer more flexibility to the Indian companies and individua...