According to a statement, the Special Purpose Vehicle (SPV) will use proceeds to refinance the existing project debts."The NCD (Non-Convertible Debenture) proceeds from refinancing would be utilised for part takeout financing of the existing project loans obtained and provide significant saving of over Rs 100 million annually at revised interest cost of nearly 8.9 per cent," it said in a statement.

Tata Power in n a regulatory filing said that it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis.

Reliance Consumer Products Ltd (RCPL) has acquired Lotus Chocolate from Prakash P Pai, Ananth P Pai and other members of the current promoter group of the company.

SEBI slapped a fine of Rs 11 lakh each on the two promoters — Karuturi Subrahmanya Chowdary and Vallepalli Hanumantha Rao — and P Durga Prasad and Rs 18.14 lakh on Devalla Satya Madhavi. The order came after SEBI investigated the scrip of Apex Frozen Foods to ascertain whether the entities have traded in the scrip of the firm while in possession of Unpublished Price Sensitive Information (UPSI).