Today’s Latest Business News, Finance and Share Market News at 10:00 am on 24 June 2024

News Snapshot:

Let's begin with the major update, Hinduja Group, which plans raise about Rs 7,300 crore through two-rupee bond offerings to partially fund its acquisition of Reliance Capital, has mandated 360 One to arrange Rs 5,000 crore through non-convertible debentures (NCDs). The remaining Rs 2,300 crore would be secured by Barclays. The Hindujas have proposed zero coupon, interest cumulative debentures with a maturity period of four years. The interest rate will be 16% per annum. The group is also in discussions with Crisil, Icra and CARE for rating these NCDs, sources close to the development said. The arrangers also want the...