Daily Bulletin (5th July, 2019)

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There are no current notifications of our companies on this date
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190705-34

1. Scrip code : 526797
Name : Greenply Industries Ltd
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
SYNOPSIS OF THE COMPOSITE SCHEME OF ARRANGEMENT UNDER SECTIONS 230 TO 232 READ WITH SECTION 66 OF THE COMPANIES ACT, 2013 BETWEEN GREENPLY INDUSTRIES LIMITED AND GREENPANEL INDUSTRIES LIMITED AND THEIR RESPECTIVE SHAREHOLDERS AND CREDITORS FOR DEMERGER OF DEMERGED UNDERTAKING OF GREENPLY INDUSTRIES LIMITED INTO GREENPANEL INDUSTRIES LIMITED 1. The Composite Scheme of Arrangement presented for the demerger (that is, transfer and vesting) of the Demerged Undertaking (as defined in the Scheme) of Greenply Industries Limited, a company incorporated under the Companies Act, 1956, and having its registered office at Makum Road, P.O. Tinsukia, Tinsukia 786125, in the State of Assam, India (hereinafter referred to as the ‘Demerged Company’); as a going concern, into Greenpanel Industries Limited, a company incorporated under the Companies Act, 2013, having its registered office at Makum Road, P.O. Tinsukia, Tinsukia 786125, in the State of Assam, India (hereinafter referred to as the ‘Resulting Company”). 2. The Demerged Company is engaged in the following lines of business through the following undertakings: The ‘Transferred Business’: As part of this business undertaking, primary activities means – Business comprising of manufacturing, marketing and trading of Medium Density Fibre Boards (MDF), Pre-Laminated MDF, Wood Floors, Plywood, Decorative Veneers, Doors and allied products. Presently, this business consists of the MDF manufacturing unit situated at Routhu Suramala, Chittoor (Andhra Pradesh), MDF manufacturing unit and Plywood and allied products manufacturing unit located in a common plot at Pantnagar (Uttarakhand), registered, marketing, branch and administrative office(s) located in India and overseas subsidiary viz. Greenply Trading Pte. Limited (registered in Singapore) excluding its investment of USD 37,50,000 (37,50,000 ordinary shares of USD 1 each) in Greenply Alkemal (Singapore) Pte. Ltd. (registered in Singapore). The ‘Remaining Business’: As part of this business undertaking, primary activities means – Business comprising of manufacturing, marketing and trading of Plywood, Decorative Veneers, Veneers, Doors and allied products. Presently, this business consists of manufacturing units situated at Tizit (Nagaland), Kriparampur (West Bengal), Bamanbore Page 67 bu050719 (Gujarat) and registered, marketing, branch, Corporate and other office(s) located in India and subsidiaries viz. Greenply Holdings Pte. Ltd. (registered in Singapore), Greenply Middle East Limited (registered in Dubai, UAE), Greenply Gabon SA (registered in Gabon, West Africa) and investment of USD 37,50,000 (37,50,000 ordinary shares of USD 1 each) in Greenply Alkemal (Singapore) Pte. Ltd., Singapore (Joint Venture Company) held by Greenply Trading Pte. Limited (registered in Singapore) and Greenply Industries (Myanmar) Pvt. Ltd. (registered in Myanmar) controlled by Greenply Alkemal (Singapore) Pte. Ltd., Singapore. 3. Under the Scheme, it is proposed to demerge the Transferred Business of the Demerged Company, and all the estate, assets, rights, claims, title, interest, licenses, liabilities, employees, accretions and appurtenances of the Demerged Company pertaining to the Transferred Business (‘Demerged Undertaking’, as defined more particularly in Paragraph 1.6 of Part A of the Scheme) and transfer it to the Resulting Company. 4. Rational of the Scheme: The demerger of the Demerged Undertaking envisaged in the Scheme, is aimed at achieving the following business and commercial objectives and is expected to result in the following benefits for the Demerged Company and the Resulting Company: (i) Enhanced strategic flexibility to build a viable platform solely focusing on each of the businesses. (ii) Enable dedicated management focus, resources and skill set allocation to each business, which will in turn accelerate growth and unlock significant value for the shareholders of the Demerged Company. (iii) Provide enhanced strategic flexibility in the operation of each of the aforementioned businesses. (iv) Expanding the potential client / customer market for each business vertical. Access to various sources of funds and investments for the rapid growth of both the businesses. The nature of technology, risk, competition and capital intensity involved in each of the undertakings of the Demerged Company is distinct from each other. Consequently, each undertaking of the Demerged Company is capable of addressing independent business opportunities, deploying different technologies and attracting different sets of investors, strategic partners, lenders and other stakeholders. Hence, as part of an overall business reorganisation plan, it is considered desirable and expedient to reorganise and reconstruct the Demerged Company by demerging the Demerged Undertaking to the Resulting Company in the manner and on the terms and conditions contained in the Scheme. (v) Pursuant to the Scheme, all Shareholders of the Demerged Company as on the Record Date will receive equity shares in the Resulting Company and subsequently, such Shareholders of the Demerged Company will hold equity shares in both, the Demerged Company and the Resulting Company. It will give such Shareholders of the Demerged Company the ability to continue to remain invested in both or either of the Companies, giving them greater flexibility in managing and/or dealing with their investments. (vi) The Scheme is beneficial to the respective shareholders, creditors, employees and all stakeholders of the Demerged Company and the Resulting Company. The Scheme is expected to contribute in furthering and fulfilling the objects of both the Companies and in the growth and development of their respective businesses. 5. Appointed Date of the Scheme: 1st April, 2018 6. Effective Date of the Scheme: ‘Effective Date’ means the date on which certified copies of the orders of the NCLT sanctioning the Scheme are filed with the Registrar of Companies at Shillong by the Demerged Company and the Resulting Company and if such filing is made on different dates, then the last of such dates. References in the Scheme to the date of “coming into effect of this Scheme” or ‘effectiveness of this Scheme’ or ‘being effective’ or ‘becoming effective’ will mean the Effective Date. 7. Upon the Scheme becoming effective and in consideration of the demerger including the transfer and vesting of the Demerged Undertaking into the Resulting Company, the Resulting Company shall, without any further application or deed, for every 1 (one) fully paid-up equity share of Re. 1 (Rupee One) each of the Demerged Company, issue and allot to each member of the Demerged Company whose name appears in the register of members of the Demerged Company as on the Record Date, 1 (one) fully paid-up equity share of Re. 1 (Rupee One) each, of the Resulting Company. 8. The Resulting Company will apply for the listing of equity shares with both BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The new equity shares in the Resulting Company allotted pursuant to the Scheme shall remain frozen in the depositories system till listing/ trading permission is given by the designated stock exchange.

2. Scrip code : 513010
Name : Tata Sponge Iron Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Updates on acquisition – Tata Sponge Iron Limited commences operations of iron ore mine

3. Scrip code : 539658
Name : TeamLease Services Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Acquisition of additional 25% stake in Cassius Technologies Private Limited (Fresher”s World)

4. Scrip code : 506690
Name : Unichem Laboratories Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Incorporation of a Wholly Owned Subsidiary(WOS) in China

5. Scrip code : 500338
Name : PRISM JOHNSON LIMITED.
Subject : Outcome of Board Meeting
We wish to inform you that the Board of Directors of the Company have at their meeting held today considered and approved raising of funds through issue of Unsecured, Redeemable, Listed, Taxable, Non-convertible Debentures, Tranche – NCDs) of face value of Rs. 10,00,000/-, aggregating of Rs. 115 Crores on private placement basis.

6. Scrip code : 541233
Name : Lemon Tree Hotels Limited
Subject : Intimation Under Regulation 30(9) Of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015
Dear Sir, In continuation to the disclosure given on 29th June, 2019 under Regulation 30(9) of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015 w.r.t the transactions approved by the Board of Directors of Fleur Hotels Private Limited (‘FHPL’), material subsidiary of the Company, we would like to further update that the FHPL has executed Share Purchase Agreement for acquisition of 100% of voting rights of Berggruen Hotels Private Limited (‘Keys Hotels’). We wish to further inform that w.r.t to the above acquisition the Company will have conference call with the Investors and Analysts on Monday, July 8, 2019 at 02.30 P.M (IST). Details of the calls with Investors and Analysts are enclosed. This is for your information and record.

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

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Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans

Lenders have turned cautious after Cox & Kings defaulted on commercial paper of Rs 200 crore in the last few days and are looking at ways to address the tour operator’s debt issues.

Cox & Kings continues to be a standard asset, and banks have not yet taken a call on reworking on debt repayment terms and other conditions. But two defaults (of Rs 150 crore and Rs 50 crore) last week have prompted banks to take steps for minimising their exposure.

A senior official said a public sector bank, which is under Prompt Corrective Action (PCA) regime, could not renew working capital facility for the tour operator. “RBI rules on PCA put restrictions on financing corporates whose financial instruments are downgraded. This had a cascading effect and complicated matters and lenders are cautious now,” he said.

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.

The total debt of Cox & Kings as at FY19 stood at Rs 3,238 crores as against Rs 4,014 crores at FY18. The company has been unable to replace its short-term debt with long-term loans, which has impacted its liquidity position.

Salaries and supplier payments have been delayed and International Air Transport Association has also suspended the tour operator from selling tickets under the billing and settlement plan, as it reviews the credit risk. A sister concern eezego1 too has been suspended from selling tickets. “There has been no defaults on airline payments. There are bank guarantees in place. IATA took the decision without any discussion with us and this is unfair,” a company executive complained. Detailed queries sent to Cox and Kings management remained unanswered.

Earlier, Cox & Kings had said it was taking all required measures to “resolve temporary cash flow mismatch. It is evaluating each business and identifying ways to improve operational performance. The company is focusing on cash flow generation from each business and working at the highest priority to free working capital.”

A senior public sector banker said the tour operator was in process of monetising some of its assets. “So far, they have not hung up their boots. If they are able to do monetise assets, it will aid in getting over current resource constraint.”

The defaults have stumped lenders and stock market as the company had reported of a comfortable liquidity position. According to a recent note by CARE Ratings, Cox & Kings had reported cash and bank balances of Rs 1,726 crore in June. Of this, it told CARE, that there was about Rs 1,300 crore, which could be used for debt repayment at any point of time.

Cox and Kings closed 4.86 per cent down at Rs 31.35 per share on BSE.

https://www.business-standard.com/article/companies/lenders-cautious-as-cox-kings-defaults-on-commercial-paper-of-rs-200-cr-119070400035_1.html

Strong Listing: IndiaMART InterMESH debuts at 21% premium at Rs 1,180

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The stock opened at Rs 1,180 on the National Stock Exchange, rising 21.2 percent over final issue price of Rs 973

IndiaMART InterMESH, an online marketplace for business products and services, saw a strong listing on July 4. Hefty subscription and positive market mood supported the stock price.

The stock opened at Rs 1,180 on the National Stock Exchange, rising 21.2 percent over the final issue price of Rs 973.

It was trading at Rs 1,221.50 on the BSE, up 25.54 percent while it was quoting at Rs 1,215.50 on the National Stock Exchange, up 24.92 percent at 10:00:45 hours IST.

On volume front, IndiaMART traded with 1.25 lakh shares on the BSE and 12.7 lakh shares on NSE.

The Rs 475-crore issue was subscribed 36.16 times during the IPO period June 24-26.

The IPO was for 48,87,862 equity shares, including anchor portion of 21,95,038 equity shares. It was offered at a price band of Rs 970-973 per share.

https://www.moneycontrol.com/news/business/ipo/strong-listing-indiamart-intermesh-debuts-premium-4168051.html

Dish TV promoters may sell 58% stake to Bharti arm, Warburg Pincus for about Rs 5,000cr

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If the deal goes through, it would be the second biggest merger in the Indian DTH space

Promoters of Dish TV might sell their 58 percent holding in the company to Bharti Airtel’s DTH arm for around Rs 5,000 crore, Business Standard reports.

Airtel Digital TV and private equity firm Warburg Pincus are likely to partner and purchase the Goel family’s stake for Rs 45-50 per share, or between Rs 4,800 crore and Rs 5,300 crore, the report said.

Discussions between Airtel and Dish TV began in March, the report stated. The Goel family had initially quoted Rs 62 per share for the transaction. But the offer price was lowered due to high promoter debt and rising prominence of JioFibre.

If the deal, which is likely to be finalised next month, goes through, it would be the second biggest merger in the Indian direct-to-home (DTH) space. Dish TV will be main brand after the merger.

Moneycontrol could not independently verify the story.

Airtel wants to merge Dish TV with Airtel Digital TV through a share swap after acquiring the former’s promoter stake and making an open offer for a 20 percent stake, the report said.

The Jawahar Goel-controlled Dish TV is facing financial hurdles, with the promoters pledging 94.6 percent of their 58 percent stake. Part of the proceeds raised will be used to repay their debt of over Rs 16,000 crore, the report added.

https://www.moneycontrol.com/news/business/dish-tv-promoters-may-sell-58-stake-to-bharti-airtel-warburg-pincus-for-about-rs-5000cr-4167891.html

PNB, Allahabad Bank, UCO Bank, Corporation Bank fined for violation of KYC norms

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The action, however, is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers, the RBI added.

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1.75 crore on four public-sector banks, including PNB and UCO Bank, for non-compliance with KYC requirement and norms for opening of current accounts. While PNB, Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, a Rs 25-lakh penalty has been imposed on Corporation Bank.

Giving details, the RBI said the penalty has been imposed for non-compliance with certain provisions of directions issued by it on know your customer norms or anti-money laundering standards and opening of current accounts. The action, however, is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers, the RBI added.

In a stock exchange filing on Tuesday, UCO Bank said, “We inform that the RBI in exercise of powers conferred under Section 47 (A) (1) (c) read with Section section 51 and 46 (4) (1) of the Banking Regulation Act, 1949, has imposed a penalty of Rs 5 million (Rs 50 lakh) on UCO Bank for non-compliance of RBI directives on ‘KYC norms/AML standards/CFT/obligation of banks and financial institutions under PMLA 2002’ and also on ‘opening of current accounts by banks — need for discipline’.”

Similarly, Allahabad Bank, in a stock exchange filing, said the RBI has imposed a penalty of Rs 50 lakh on the bank for non-compliance of the directions issued the by RBI on “KYC norms/AML standards” and “opening of current accounts”.

https://www.financialexpress.com/industry/banking-finance/rbi-fines-pnb-3-other-psbs-for-violation-of-kyc-norms/1626647/

Daily Bulletin (3rd July, 2019)

by NotificationsScrip Scan

There are no current notifications of our companies on this date
https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190703-40

1. Scrip code : 505688
Name : Bharat Gears Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, this is to inform you that the Board of Directors of the Company, in its meeting held on July 02, 2019 has deliberated and subject to the approval of the shareholders at the ensuing annual general meeting, approved the acquisition of 1,48,77,038 (One Crore Forty Eight Lakhs Seventy Seven Thousand Thirty Eight) equity shares constituting 100% of the equity paid-up capital of Xlerate Driveline India Limited, a group company of the Company, as per the details attached. You are requested to kindly take the same on record.

2. Scrip code : 532454
Name : Bharti Airtel Ltd.
Subject : Update On Scheme Of Arrangement Between Bharti Airtel Limited And Telesonic Networks Limited And Their Respective Shareholders And Creditors Under Sections 230 To 232 Of The Companies Act, 2013
Pursuant to Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Hon’ble National Company Law Tribunal, New Delhi, Principal Bench, vide its order dated July 02, 2019 (‘Order’) received today, has sanctioned the Scheme of Arrangement between Bharti Airtel Limited (‘Transferor Company’ or ‘Airtel’) and Telesonic Networks Limited (‘Transferee Company’ or ‘Telesonic’) and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013, for the transfer of the Optical Fibre Cable business undertaking of Airtel and vesting of the same with Telesonic, on a going concern basis by way of a Slump Sale in accordance with section 2(42C) of the Income-tax Act, 1961. The copy of the Order is enclosed. Kindly take the same on record.

3. Scrip code : 540596
Name : Eris Lifesciences Limited
Subject : Intimation Of Record Date For Buy-Back Of Equity Shares
Fixed Monday, July 15, 2019 as the Record Date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the Buyback.

4. Scrip code : 532819
Name : MindTree Limited
Subject : Updates on Open Offer
Axis Capital Ltd and Citigroup Global Markets India Private Ltd (“Managers to the Offer”) has submitted to BSE a copy of Post-Offer advertisement under Regulation 18(12) in terms of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the Shareholders of MindTree Ltd (“Target Company”).

5. Scrip code : 526797
Name : Greenply Industries Ltd
Subject : Intimation Of Record Date Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
This is to inform you that consequent to receipt of the approval of Hon’ble Guwahati Bench of National Company Law Tribunal (‘NCLT’) to the Composite Scheme of Arrangement under Sections 230 to 232 read with Section 66 of the Companies Act, 2013 between Greenply Industries Limited and Greenpanel Industries Limited, and their respective shareholders and creditors, for demerger of the demerged undertaking of Greenply Industries Limited into Greenpanel Industries Limited with effect from April 01, 2018 (Appointed Date) and in consideration of the said demerger, the Demerger Committee of the Board of Directors of the Company at their meeting held on 3rd July, 2019 has fixed the record date i.e. 15th July, 2019 for ascertaining the name of shareholders of the Company who will be eligible to receive the equity shares of Greenpanel Industries Limited. Accordingly, Greenpanel Industries Limited shall issue and allot to the shareholders of Greenply Industries Limited whose names appear in the register of members of Greenply Industries Limited as on the Record Date i.e. 15th July, 2019, 1 (One) equity share of INR 1.00 (Indian Rupee One only) each in Greenpanel Industries Limited, credited as fully paid up for every 1 (One) equity share of INR 1.00 (Indian Rupee One only) each held by them in Greenply Industries Limited.

Tata Steel to subscribe up to 90% of Tata Sponge Rs 1,650 cr rights issue

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The Tata Sponge rights issue opened for subscription on Tuesday and will end on July 16. It has been priced at Rs 500 a share

Tata Steel will subscribe up to 90 per cent of the Rs 1,650 crore rights issue of Tata Sponge.

In an intimation to the stock exchanges, Tata Sponge has informed that its promoter (Tata Steel) has undertaken that it will participate in the rights issue to the extent of 90 per cent of the rights issue, up to Rs 1,485 crore.

The Tata Sponge rights issue opened for subscription on Tuesday and will end on July 16. The issue has been priced at Rs 500 a share.

On June 13, the Tata Sponge board decided on the issue of 3.3 crore shares to eligible equity shareholders who will get to subscribe to 15 shares for seven held.
In October, the board had approved a rights issue not exceeding Rs 1,800 crore.

The issue would be used to retire borrowings on account of the acquisition of Usha Martin’s steel business.

Last September, Tata Steel had entered into a definitive agreement for the acquisition of the steel business. It was later announced that the vehicle for the acquisition would be Tata Sponge, a 54.5 per cent subsidiary of Tata Steel.

In April, Tata Sponge completed the acquisition of Usha Martin’s steel business including captive power plants for Rs 4,094 crore subject to hold backs of Rs 640 crore, pending transfer of assets like mines and certain land parcels.

However, in May, Tata Sponge informed that it had completed the registration of the transfer deed among Usha Martin, the company and the government of Jharkhand for transfer the operative iron ore mine.

Tata Sponge, engaged in sponge iron business, had been evaluating options to value-add its product portfolio and enter into steel manufacturing. Going forward, Tata Sponge will be Tata Steel’s vehicle for long products.

The move is in sync with Tata Steel’s endeavour to create a larger long products portfolio to participate in the growing market for long products, driven by an increase in urbanisation and infrastructure development. To achieve this, integration of the steel business of Usha Martin and a roadmap for growth in long products have been identified as one of the focus areas for the future.

https://www.business-standard.com/article/companies/tata-steel-to-subscribe-up-to-90-of-tata-sponge-rs-1-650-cr-rights-issue-119070201006_1.html

From Hero MotoCorp to TVS, two-wheeler sales remain in reverse gear

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Auto companies in India count dispatches to dealers as sales

Reflecting the broad-based slowdown in consumption, two-wheeler sales in India for scooters and motorcycles, showed no signs of turning the corner in June, as most companies crimped dispatches to align demand to supply. Combined sales of top six makers skidded 11% to 1,608,395 units during the month over the same period a year ago, showed monthly sales data released by companies.

Auto companies in India count dispatches to dealers as sales. The overall volumes were dragged down by top two manufacturers, Hero MotoCorp and Honda Motorcycle and Scooter India (HMSI) as the firms pared dispatches sharply to address stock pile at their dealerships. While deliveries to Hero dealers dropped 12% year-on-year, it contracted 15% at HMSI’s.

TVS Motor, the third largest two-wheeler maker, too, snipped deliveries by 8 per cent over last June. Bajaj Auto, which so far had managed to buck the slowing trend, corrected deliveries, albeit, marginally. The company cut dispatches by 1% over last year.

https://www.business-standard.com/article/companies/from-hero-motocorp-to-tvs-two-wheeler-sales-remain-in-reverse-gear-119070300055_1.html

Zuari Agro Chem to issue CCDs worth Rs 405 cr

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Zuari Agro Chemicals said CCDs will issue in the ratio of 4:5, which means 4 CCDs will be issued for every five equity shares held by eligible shareholders of the company as on the record date.

Zuari Agro Chemicals July 3 said it will issue compulsory convertible debentures (CCDs) worth Rs 405 crore. The CCDs will be issued to the company’s shareholders at the rate of Rs 120 apiece. In total, 3.36 crore CCDs will be issues, the company said in a regulatory filing.

A decision in this regard was taken in the Right Issue Committee meeting, it added.

Zuari Agro Chemicals said CCDs will issue in the ratio of 4:5, which means 4 CCDs will be issued for every five equity shares held by eligible shareholders of the company as on the record date.

The conversion price of each CCD has been fixed at Rs 10 per share.

https://www.moneycontrol.com/news/business/zuari-agro-chem-to-issue-ccds-worth-rs-405-cr-4166821.html

HDFC plans to raise Rs 45,000 crore by issuing bonds on private placement

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HDFC will take up the proposal for the approval of shareholders at the annual general meeting to be held on August 2, it said in a regulatory filing.

Mortgage lender HDFC Ltd plans to raise up to Rs 45,000 crore by issuing bonds in various tranches on a private placement basis, the company said on July 3.

HDFC will take up the proposal for the approval of shareholders at the annual general meeting to be held on August 2, it said in a regulatory filing.

“The board of directors of the Corporation shall consider the issuance of secured redeemable non-convertible debentures, in various tranches under a shelf disclosure document, aggregating Rs 45,000 crore on a private placement basis,” HDFC said.

The country’s largest mortgate lender will also announce the first quarter earning for the current fiscal on the day of the AGM.

Stock of HDFC closed 0.19 percent down at Rs 2,489.50 on BSE.

https://www.moneycontrol.com/news/business/companies/hdfc-plans-to-raise-rs-45000-crore-by-issuing-bonds-on-private-placement-4166141.html