Equinox India entity raises Rs 950 crore via NCD issue
The 48-month NCDs, issued by Lucina Land Development (LLDL), offer an interest rate of 13.00% and are backed by corporate guarantees from Equinox India, Sion Developers, Citra Properties and RGE Constructions.
Irdai caps health insurance premium hikes for seniors
The Insurance Regulatory and Development Authority of India (Irdai) has mandated that insurers cannot increase health insurance premiums for senior citizens by more than 10% annually. This directive aims to address the steep premium hikes observed in certain health insurance products for those aged 60 and above.
Shares worth Rs 80,000 crore to exit IPO lock-in
Bankers and brokers said a chunk of these shares could flood the market as various investors would look to book profits with the stock market precariously perched.