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Showing posts from March, 2025

Prachay Capital’s Public Issue of Secured NCDs Lists on BSE Platform

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has officially listed its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) on the BSE Limited, unlocking new investment opportunities. The company successfully closed its public issue with an impressive 106% subscription, highlighting strong investor confidence. The issue, which opened on February 28, 2025, aimed to raise Rs 50 crore (excluding the greenshoe option) and closed on March 13, 2025. This landmark listing reinforces Prachay Capital’s commitment to providing stable, high-yield investment opportunities in the fixed-income sector, even amid volatile equity market conditions. The BBB-/Stable-rated NCDs by CRISIL, offering an attractive 13% per annum return with monthly interest payouts, present a compelling option for investors seeking secure fixed-income avenues. The listing event was graced by Ketan Jantre, Head of Trading Operations, BSE; Giri...

Prachay Capital’s Public Issue of Secured NCDs Fully Subscribed at 113.36%

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has successfully closed its public issue of Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) at 113.36% subscription, according to exchange data. The issue, which opened on February 28, 2025, on the Bombay Stock Exchange (BSE), aimed to raise Rs 50 crore (excluding the greenshoe option) and closed on March 13, 2025. With a BSE listing, this issue was open for subscription to retail investors, high-net-worth individuals (HNIs), institutional investors, and corporates. The maiden NCDs issue is scheduled to list on 24 March 2025.  Rated BBB-/Stable by CRISIL, these NCDs offer investors a 13% per annum return with monthly interest payouts, making them an attractive fixed-income opportunity. The proceeds will be deployed as per the company’s stated fund allocation plan. Fund Utilization: Minimum 75% for the purpose of onward lending, investments in current and...

FreshBus Celebrates Women’s Day with Free Fresh Cards for Female Travelers

This Women’s Day, FreshBus is celebrating the spirit of independence by making travel more affordable and accessible for female passengers. As a special initiative, FreshBus is offering Fresh Cards for free to women traveling on March 7th & 8th across all its routes. How to Avail the Offer? Women who book their tickets through the FreshBus website or app can enjoy this exclusive benefit. The Fresh Card provides a total savings of Rs 500, offerinRs 50 off on each of their next 10 rides, making intercity travel even more economical. What is the Fresh Card? Recently introduced by FreshBus, the Fresh Card is designed for frequent travelers, offering savings on every trip. With FreshBus rapidly expanding its network, the Fresh Card is set to become an even more valuable travel companion for regular commuters. A Commitment to Women’s Comfort & Safety Sudhakar Reddy Chirra, Founder & CEO , FreshBus, emphasized the company’s dedication to enhancing the travel experience for women: ...