Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Grip Invest launches first privately placed Rs 10,000 face value bonds | Finance News
    Investments

    Grip Invest launches first privately placed Rs 10,000 face value bonds | Finance News

    August 27, 20242 Mins Read


    2 min read Last Updated : Aug 27 2024 | 9:37 PM IST


    Alternative investment platform Grip Invest on Tuesday announced the launch of India’s first-ever privately placed Rs 10,000 face value investment-grade bond. Akara Capital Advisors, in partnership with Grip, plans to raise Rs 20 crore through the issuance of bonds maturing in 18 months at a return of 14 per cent.


    One part of the issuance worth Rs 6.5 crore was launched on the Grip platform, which was fully subscribed, said Nikhil Aggarwal, Founder & Group CEO, Grip.


    In July of the current year, markets regulator Sebi cut the face value of debt securities to Rs 10,000 from Rs 100,000. The move is expected to make bond investments more appealing and attainable for a broader spectrum of retail investors. Sebi has also standardised the record date to 15 days prior to any interest payment or redemption date. Previously, the date for determining who is eligible to receive interest or principal repayments on non-convertible debentures (NCDs) (record date) could differ depending on the issuer.


    “The broader accessibility that this bond option offers is a turning point for the bond market. Historically, Rs 1,000 bonds were offered only by a limited number of companies. However, with Sebi’s recent decision to reduce the minimum face value to Rs 10,000 for privately placed bonds, we see a unique opportunity for the market to expand. This is expected to make bond supply go 100 times, along with greater diversity of risk-reward, resulting in an influx of retail investors that aim for high yields, boosting overall liquidity of the bond market as well as stimulating active trading in the secondary market,” said Aggarwal.


    In October 2022, Sebi had reduced the face value of corporate bonds to Rs 1 lakh from Rs 10 lakh.


    Typically, corporate bond investments in India have been inaccessible to many retail investors due to the high minimum investment threshold. With most corporate bonds requiring a face value of Rs 100,000, this substantial entry point effectively excludes smaller investors who may be interested in the advantages these bonds offer.

    First Published: Aug 27 2024 | 9:22 PM IST



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Million Victories lève 40 millions de dollars pour accélérer son expansion mondiale

    Investments

    Million Victories lève 34 millions d’euros pour accélérer à l’international

    Investments

    P3.38 Trillion in SIPP-Approved Investments

    Investments

    Global Investments rachète 300 000 actions sur le marché

    Investments

    HumanCo Investments presse Grove Collaborative d’envisager des options stratégiques pour doper la valeur actionnariale

    Investments

    Les obligations catastrophes battent de nouveaux records d’émissions en 2025

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Cryptocurrency dilemma: India must balance between adoption and oversight

    Cryptocurrency

    North Carolina House Speaker Destin Hall backs cryptocurrency bill | WFAE 90.7

    Cryptocurrency

    Pakistan gears up to legalise cryptocurrency trading

    Editors Picks

    Boyle County student attends Institute for Future Agricultural Leaders – The Advocate-Messenger

    July 17, 2024

    BAY Miner Announces Major Launch: Free Mobile Cloud Mining App Drives Global Expansion into Eco-Friendly Cryptocurrency

    July 6, 2025

    Cryptocurrency NEAR Protocol Rises More Than 4% In 24 hours

    October 18, 2024

    Savannah renforce son portefeuille d’actifs au Nigeria avec l’acquisition de SIPEC

    March 11, 2025
    What's Hot

    Custodian Property Income REIT annonce l’acquisition de Merlin Properties Ltd en échange de la totalité de ses actions

    June 1, 2025

    Transcript : Pro Real Estate Investment Trust, Q4 2024 Earnings Call, Mar 13, 2025 -Le 13 mars 2025 à 14:00

    March 13, 2025

    De la douceur du métal avec Lionel Laussedat, sculpteur sérignanais qui s’expose au 26 Riquet

    April 28, 2025
    Our Picks

    Earnings Working Against MAHLE Metal Leve S.A.’s (BVMF:LEVE3) Share Price

    August 17, 2024

    Precious metal: Swiss hoard almost 15 billion francs worth of gold

    October 22, 2024

    Top 10: Largest Firms Involved in Financial Services

    October 30, 2024
    Weekly Top

    New Cryptocurrency Releases, Listings, & Presales Today – JuChain, Ceylon, Zentium Tech

    July 9, 2025

    Cryptocurrency Today: Why BAY Miner Is Redefining the Future of Digital Mining

    July 9, 2025

    Real Madrid: le PSG offre une leçon de football au Real et se qualifie pour la finale, le résumé

    July 9, 2025
    Editor's Pick

    Art Investment Strategies: How to Capitalize on the Buyer’s Art Market

    August 16, 2024

    SoftBank-Backed Revolut Secures $45B Valuation Ahead of Possible IPO

    August 16, 2024

    Lindbergh issues $55M in bonds for bond issue Proposition R – St. Louis Call Newspapers

    July 16, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.