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Silk-Cotton Fab expo underway in Margao

Panaji : Silk-Cotton Fab exhibition-cum-sale is underway  at Ravindra Bhavan, Margao, and it will conclude on December 15. The exhibition is open between 10.30 am and 9.30 pm, says a press note issued here. On the display are silk and cotton sarees, suits, dress material, dupattas, fashion jewellery, kurtas, kurties, home décor besides Orissa- Sambhalpuri sarees, Bihar-Bhagalpuri tassar, Kosa-khadi silk, Uttar Pradesh-Banaras silk, jamdani, Lucknow chikan, Madhya Pradesh- Chanderi, Maheshwari, Gujrat-Kutch embroidery etc. Discount is being offered on all items on display at the exhibition, mentions the press note.  NT

L&T Finance’s public issue of secured NCDs

MUMBAI: L&T Finance Ltd (a wholly-owned subsidiary of L&T Finance Holdings Ltd) is coming out with a public issue of secured redeemable non-convertible debentures (secured NCDs) of the face value of Rs 1,000 each. The tranche I issue aggregates to Rs 500 crore, with an option to retain over-subscription upto Rs 1,000 crore, aggregating up to a total of Rs 1,500 crore. The tranche I issue offers various options for subscription with coupon rates ranging from 8.25 per cent – 8.65 per cent (per annum). The tranche I issue opens on December 16 and closes on December 30 with an option of early closure or extension. The secured NCDs, bearing a fixed rate of interest, are being offered under six different series. There are four categories of investors defined as: category I (institutional investors), Category II (non-institutional investors), Category III (high net-worth individuals) and Category IV (retail individual investors). NT

Prince Pipes’ IPO opens on Dec 18

MUMBAI: Prince Pipes and Fittings Ltd (Prince Pipes) has announced the launch of its initial public offering (IPO) to raise Rs 500 crore, comprising a Rs 250 crore fresh issue and an equal amount of offer for sale. The offer, with a price band of Rs 177 to Rs 178 per equity share, will open on December 18 and close on December 20. Minimum bid lot is 84 equity shares and in multiples of 84 equity shares thereafter. JM Financial Ltd and Edelweiss Financial Services Ltd are the book running lead managers to the offer. The equity shares will be listed on NSE and BSE. BSE shall be the designated stock exchange. NT

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ITBP inks deal with KVIC to procure ‘swadeshi’ items

New Delhi: The Indo-Tibetan Border Police (ITBP) on Friday inked a deal with the KVIC …