IIFL Samasta to raise up to Rs 1,000 cr via Bonds
Delhi: IIFL Samasta Finance, which is one of India's largest non-banking microfinance companies (NBFC-MFI), will raise up to Rs 1,000 crore through its maiden public issue of secured bonds, for the purpose of growth and capital augmentation. The bonds offer up to 10.50 per cent and a high degree of safety. The issue opens on Dec 4 and closes on Dec15. IIFL Samasta Finance will issue bonds, aggregating to Rs 200 crore, with a green-shoe option to retain over-subscription of up to Rs 800 crore (aggregating to Rs 1,000 crore).
International expo on food and beverages
New Delhi: The Three day 5th edition of ‘SIAL INDIA’, an international exhibition for food and beverages, collocated with Vinexpo India, an event on wine and spirits, will be hosted here at Yashobhoomi, India International Convention and Expo Centre (IICC), Dwarka.The exhibition is powered by the Ministry of Food Processing Industries (MOFPI) and is supported by Agricultural & Processed Food Products Export Development Authority and Forum of Indian Food Importers. SIAL India is jointly organised by Comexposium, France and Inter Ads, India. Vinexpo India is jointly organised by Vinexposium, France and Inter Ads, India.
The EU, as the Region of Honour, will host the conference “The EU and India: a partnership in food excellence,” on December 8. The panellists will explore ways to guarantee the safety, quality, authenticity and sustainability of agri-food products, trends in F&B innovation and products not yet widely available on the Indian market, with addresses by EU Commissioner for Agriculture Janusz Wojciechowski among others.
New products, latest technology and product innovation will be displayed from countries like Austria, European Union, France, Greece, Italy, Iran, Indonesia, Japan, Mexico, Peru, Russia, South Korea, Tunisia, Turkiye, Thailand, USA and more.
The three-day event will also witness industry experts from across the world discussing threadbare challenges and opportunities in the global market while live cooking shows via renowned chefs will be another unbeaten area. “Not only India is now the biggest market in the world... but the appetite of the middle class for new and innovative products is amazing,” said Nicola Trentesaux – Director SIAL Group while Rodolphe Lameyse, "Directeur Général, CEO Vinexposium" said “In the heart of India, where tradition meets modernity, we will gather to toast to the richness of the wine cultures and the boundless possibilities that our Vinexpo India offers.”