Showing posts with label stock tips for today. Show all posts
Showing posts with label stock tips for today. Show all posts

Tuesday 19 September 2017

Sebi eases fundraising norms for REITs, InvITs - News By Money Maker Research

The SEBI has revised rules governing real estate investments trusts (REITs) and infrastructure investment trusts (InvITs), permitting them to raise funds through debt securities and single-asset REITs to help boost the financial instruments.  

Since three years, there were only two InvITs have listed on the stock exchanges viz. IRB InvIT Fund and India grid Trust. It was earlier reported by mint news that although no REIT has been issued yet, the Embassy Office Parks REIT becoming the first realty trust in the country to be registered with the Sebi.

As per Sebi statement, REITs and InvITs listed on national stock exchanges will be allowed to issue debt via debt securities.

Presently the REITs & InvITs are permitted to raise funds via External Commercial Borrowings (ECB) having bind with end-use restrictions.

Permitting REITs to lend to holding companies will result in efficient fund flows, and the regulator also proposes to allow REITs with 50 – 50 percent shareholding. The current norm requires a REIT to have a holding company with a 51 percent stake.

Wednesday 13 September 2017

Dairy stocks surge as Govt approves Dairy Processing & Infrastructure Dev. Fund

Shares of diary sector such as Prabhat Dairy, Parag Milk Foods, Umang Dairies hogged limelight in early trade Wednesday after the Union Cabinet, chaired by PM Narendra Modi, approves the implementation ‘Dairy Processing & Infrastructure Development Fund’ (DIDF). The fund is with an outlay of Rs 10,881 crore for the period 2017-18 to 2028-29 to boost the dairy segment.

The new fund to be managed by the National Dairy Dev Board (NDDB) and the National Dairy Dev Cooperation (NCDC) will be used to give loan for building an efficient milk procurement system and other processing infrastructure. State dairy federations, multi-state milk cooperatives, milk unions, milk producer companies and NDDB subsidiaries can avail of the loan with their eligibility criteria.

The move would advantage 95 lakh farmers and help generate extra milk processing capacity of 124 lakh litres a day and value added products of manufacturing capacity of 59.78 lakh litre per day.

Meanwhile, the stock of the Prabhat Dairy was trading up by 1.4 percent intraday at Rs 133.90 per share. Stocks of the Parag Milk Foods trading higher by 0.60 percent at Rs 252 per share and the stocks of Umang Dairies was trading up by 0.56 percent at Rs 71 per share on BSE at post morning hours.

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