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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Milma resents entry of Nandini brand in Kerala

Trivandrum: The Kerala Cooperative Milk Marketing Federation (KCMMF), known by the brand Milma, has voiced serious concern over the tendency of some State milk marketing federations to aggressively enter markets outside their respective States, holding that this involved a total breach of cooperative spirit based on which the country’s dairy sector has been organised for the benefit of millions of dairy farmers.

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