News Broadcasting
India Infoline Finance Limited Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) subscribed 2.2 times
India Infoline Finance Limited’s Public Issue of Secured Redeemable Non-Convertible Debentures received an overwhelming response with total subscription amounting to Rs. 11,540 mn as per the initial data on the stock exchanges. The IIFL Secured Bonds issue was subscribed 2.2 times (as of 5:30 pm on September 23) on the Issue Closing Day.
Nirmal Jain, Chairman, India Infoline Group, said, “We are overwhelmed by such record response with bids for Rs. 1154 crore to our Rs. 525 crore NCD issue, particularly in the backdrop of such tight liquidity conditions and uncertain environment. The response from retail investors with bids of over Rs. 500 crore is a reaffirmation of trust in the brand IIFL. Similar robust response from institutional investors is a vote of confidence in our risk management and governance. We remain committed to live up to the trust and confidence of retail as well as institutional investors.”
According to the stock exchanges data, all the categories under the Issue were oversubscribed. As per the stock exchanges data, Categories III (retail individual investors, NRIs and Hindu families) has been subscribed to approximately around 1.93 times. As per the stock exchanges data, Categories II has been subscribed to approximately around 1.98 times. As per the stock exchanges data, Categories I (Institutions) has been subscribed to approximately around 2.6 times.
The NCDs will be listed on National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) and will have a tradable lot size of 1 NCD.
Disclaimer: India Infoline Finance Limited (“Issuer” or “the Company”) , has proposed to offer public issue of Secured Redeemable Non-Convertible Debentures through Prospectus filed with ROC, NSE, BSE and Securities and Exchange Board of India (for record purposes) read with Corrigendum issued in all editions of Financial Express, Navashakti and Jansatta on September 16, 2013. The Prospectus is available on the website of the stock exchanges at www.nseindia.com and www.bseindia.com; on the website of Securities and Exchange Board of India at www.sebi.gov.in; and the respective websites of the Lead Managers at www.axiscapital.co.in, www.iiflcap.com, www.trustgroup.co.in, www.idbicapital.com and Co-Lead Managers at www.rrfinance.com/rrfcl.com, www.karvy.com, www.smccapitals.com. Investors proposing to participate in the Issue should invest only on the basis of information contained in the Prospectus and special attention is drawn to the risk factors contained therein.
“It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the Prospectus has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the ‘Disclaimer Clause of the BSE Limited.”
“It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document for the full text of the ‘Disclaimer Clause of NSE”.
News Broadcasting
Times Network to air JVC Exit Poll across 5 regions on April 29
Four-hour broadcast spans states and Puducherry with data-led analysis
MUMBAI: Times Network is set to roll out what it calls one of its most expansive election programming efforts yet, culminating in the JVC Exit Poll on 29 April, with a multi-hour broadcast spanning key poll-bound regions.
The exit poll will air across Times Now and Times Now Navbharat, beginning at 5pm and 4pm respectively. Co-powered by Vedanta and Jindal Stainless, the programming aims to combine on-ground reportage with data-driven projections across West Bengal, Tamil Nadu, Kerala, Assam and Puducherry.
The network has deployed over 50 journalists across these regions, gathering voter sentiment and local insights in the run-up to polling. The effort builds on its ongoing election formats such as Election Yatra and Election Premier League, which have tracked campaign narratives and community-level issues.
In parallel, Times Now Navbharat has focused on constituency-level reporting in West Bengal through its Jan Gan ka Mann series, capturing voter opinions across diverse segments.
The coverage has also featured interviews with prominent political leaders. Kerala chief minister Pinarayi Vijayan and Congress leaders Ramesh Chennithala and V D Satheesan have appeared on the network’s election specials. From Tamil Nadu, voices including deputy chief minister Udhayanidhi Stalin, DMK MP Dayanidhi Maran, BJP leader K Annamalai and NTK’s Seeman have also featured in discussions.
On the day of the exit poll, the network’s primetime anchors, including Navika Kumar, Zakka Jacob and Sumit Awasthi, will lead the coverage. They will be joined by a panel of political analysts, psephologists and senior journalists offering real-time insights and interpretation of trends.
The programming will integrate grassroots reportage with analytics from the JVC Exit Poll, aiming to give viewers an early sense of electoral outcomes ahead of the official results on 4 May.
With its combined English and Hindi broadcast reach, Times Network is positioning this effort as a comprehensive look at voter sentiment, blending field reporting, data and debate to decode what could lie ahead when the final mandate is revealed.
