CARERATING

Jan 14 (Reuters) - International Conveyors Ltd ICON.NS:

• ACQUIRES EQUITY SHARES OF CARE RATINGS

• ACQUISITION COST AT 31.4 MILLION RUPEES

Source text: ID:nBSE4MFLy

Further company coverage: ICON.NS

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** Shares of CARE Ratings Ltd CREI.NS rise as much as 13.7% to 1,332.65 rupees

** Credit rating co reported a 31% YoY rise in consolidated Q2 net profit to 460.9 mln rupees ($5.5 mln), Q2 rev jumped 21.7%

** Stock on track to gain for fifth consecutive week

** More than 552,000 shares traded as of 9:47 a.m. IST, 5x their 30-day moving avg

** CREI gained 8.7% so far this week, adding to YTD gains of 40.5%

($1 = 84.0650 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Oct 18 (Reuters) - CARE Ratings Ltd CREI.NS:

• UNIT GOT LICENSE FROM FINANCIAL SECTOR CONDUCT AUTHORITY, SOUTH AFRICA

Source text for Eikon: ID:nNSE9mlZ30

Further company coverage: CREI.NS

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March 19 (Reuters) - CARE Ratings Ltd CREI.NS:

• APPROVED INCORPORATION OF WHOLLY-OWNED SUBSIDIARY

• REDESIGNATED MEHUL PANDYA AS MD & GROUP CEO

Source text for Eikon: ID:nBSEbvWt2p

Further company coverage: CREI.NS

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Oct 31 (Reuters) - CARE Ratings Ltd CREI.NS:

• DIVIDEND 7 RUPEES PER SHARE

• SEPT-QUARTER CONSOL NET PROFIT 351.7 MILLION RUPEES VERSUS PROFIT 343.1 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 964.4 MILLION RUPEES VERSUS 847.6 MILLION RUPEES

Source text for Eikon: ID:nBSE5HFNNS

Further company coverage: CREI.NS

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By Bhakti Tambe

MUMBAI, Oct 26 (Reuters) - India's Jamnagar Utilities & Power, a unit of Reliance Industries Holdings, is likely to raise up to 20 billion rupees ($240.30 million) through shorter-duration bonds, two merchant bankers said on Thursday.

"The company is looking to raise 10-20 billion rupees via bonds maturing in three to five years and is in discussion with bankers," one of the bankers said.

Jamnagar Utilities is likely to tap the bond market by December, bankers added.

The company is yet to officially announce the bond issue and did not reply to a Reuters email seeking comment.

The outstanding bonds of the company are rated AAA by Crisil and Care Ratings, and they continue to take comfort from the strong operational links with Reliance Industries.

The company, which operates coal-based and gas-based power plants in Jamnagar in the western Indian state of Gujarat, had last raised 33.50 billion rupees through the sale of five-year bonds at an annual coupon of 7.90% in August.

($1 = 83.2300 Indian rupees)

(Reporting by Bhakti Tambe)

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By Dharamraj Dhutia

MUMBAI, Oct 12 (Reuters) - DME Development, a unit of the National Highways Authority of India (NHAI), is looking to tap the bond market for the first time this financial year, two merchant bankers said on Thursday.

The company aims to raise around 30 billion rupees ($360.74 million) through the sale of 10-year bonds and may look to invite bids for the issue later this month, the bankers said.

The bonds are rated AAA by Crisil and CARE Ratings.

DME is yet to make an official announcement, and NHAI did not immediately respond to a Reuters email seeking comment.

DME is a special-purpose vehicle created by the NHAI in August 2020 for the construction of the greenfield Delhi-Mumbai Expressway that passes through the states of Delhi, Rajasthan, Madhya Pradesh, Gujarat and Maharashtra.

In March, DME raised 23.55 billion rupees through 10-year bonds at a semi-annual coupon of 7.89%, while in February it raised 36.84 billion rupees through 10-year bonds at a semi-annual coupon of 7.82%.

($1 = 83.1628 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

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** Shares of credit rating agency Care Ratings CREI.NS rise as much as 4.2% to 722 rupees, highest since Oct. 22, 2021

** Stock's moving average convergence-divergence (MAC-D) line above the signal line, suggesting bullish momentum

** Nearly 171,000 shares change hands as of 10:55 am IST, 1.2X the 30-day moving average

** Stock extends YTD gains, currently up 17.8% from last year

(Reporting by Varun Vyas in Bengaluru)

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MUMBAI, May 17 (Reuters) - India's Shriram Housing Finance plans to raise at least 500 million rupees ($6.1 million) through a sale of bonds maturing in 10 years, three merchant bankers said on Wednesday.

The company will pay an annual coupon of 9.10% on the issue, and has invited bids from bankers and investors on Thursday, the merchant bankers said.

The bonds are rated AA+ by CARE Ratings and India Ratings, and the issue will be settled on Friday.

The issue has a greenshoe option to retain an additional 500 million rupees.

In April, the company had raised 250 million rupees selling bonds maturing in three years and one month at a coupon of 8.95%.

($1 = 81.7800 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)

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April 20 (Reuters) - CARE Ratings Ltd CREI.NS:

• FILED APPEALS AGAINST COURT ORDER ON INTERIM APPLICATIONS FILED BY 63 MOONS TECHNOLOGIES AGAINST CO, OTHERS

Source text for Eikon: ID:nBSE4nwLfr

Further company coverage: CREI.NS

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By Bhakti Tambe

MUMBAI, April 6 (Reuters) - India's NTPC NTPC.NS plans to raise up to 20 billion rupees ($244.10 million) through bonds maturing in three years, three merchant bankers said on Thursday.

The state-run company may invite bids from investors and bankers for the issue next week, they said.

"The company wants to make most of the fall in yields after the Reserve Bank of India surprised the market with a pause," one of the bankers said.

The company is yet to announce the bond sale and did not immediately respond to a Reuters request for comment.

NTPC's outstanding bonds are rated AAA by CRISIL, CARE Ratings and ICRA.

This will be the first bond issue by NTPC in the current financial year started April.

In December, the company raised 5 billion rupees through bonds maturing in 10 years and four months at a coupon of 7.44%.

($1 = 81.9350 Indian rupees)

(Reporting by Bhakti Tambe)

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