CIAL collects Rs 478 crs through rights share issue

Kochi: Cochin International Airport Ltd (CIAL), the company which owns and operates the country’s first airport built under a public-private partnership has collected Rs 478.21 crores through a rights issue plan offered by the company to mobilize resources for infrastructure development. This will be utilized for funding the already announced projects including the expansion of the International Terminal – T3.

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Kerala Financial Corporation raises Rs 750 cr through NCD

Trivandrum: Kerala Financial Corporation (KFC) has successfully raised Rs. 750 crores in two tranches by issuing Non-Convertible Debentures (NCDs). The issue has a term of 10 years and was raised through the BSE BOND, the Electronic Book Platform (EBP) of BSE. The first tranche of Rs. 476.50 crores was raised at a coupon rate of 8.90% on March 23, 2023 while the second tranche of Rs. 273.50 crores was raised at a coupon rate of 8.63% on April 28, 2023.

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