Infra Finance firms can raise long-term funds
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-20

Infra Finance firms can raise long-term funds

The government has permitted infrastructure finance companies to issue secured debentures with the tenure of up to 30 years.

The government has permitted infrastructure finance companies to issue secured debentures with the tenure of up to 30 years.

 

India is estimated to require investment of about $1 trillion in infrastructure during 2012-17. The decision will facilitate flow of long-term funds for the infrastructure sector.

 

Also, infrastructure debt fund non-banking financial companies (ID-NBFCs) have been allowed to issue secured debentures for up to 30 years.

 

"Similarly, housing finance companies have been allowed relaxed terms for maintaining debenture redemption reserve on lines similar to NBFCs registered with RBI (Reserve Bank of India). Necessary amendments in rules have been notified," said Corporate Affairs Ministry said in a statement.

 

The ministry also said that companies can appoint an independent merchant banker with a minimum experience of 10 years and registered with the market regulator to prepare valuation reports required before making a preferential allotment of shares.

Related opportunities
  • About WONDER KIDZ “The Concept School”: Products and Services: - Pre-School/Kindergart..
    Locations looking for expansion Madhya pradesh
    Establishment year 1999
    Franchising Launch Date 2006
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhopal Madhya pradesh
  • E-Commerce & Related
    About Us:   India's First e-Commerce platform to take MOM &POP stores..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Professional Education coaching
    Aboout Us: Speciality Certified Medical Assistant a certification body of the..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Other Vocational Training
    About Institute: JD Institue of Fashion Technology was established in the..
    Locations looking for expansion Karnataka
    Establishment year 1988
    Franchising Launch Date 1990
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts