IDBI Bank Ltd. has announced that ICRA has placed several of its instruments on Rating Watch with Developing Implications, reflecting the proposed acquisition by Fairfax Financial Holdings Ltd. for Rs. 52,878 crore, which includes a 60.72% stake (30.48% from GoI and 30.24% from LIC); these instruments include Infrastructure bonds totaling 10,000.00, SEBI Senior bonds amounting to 3.00, SEBI Basel III Tier II bonds of 3,100.00, a SEBI Fixed deposits programme, and a Certificates of deposit programme of 35,000.00 and 3,500.00 respectively, alongside other instruments such as Basel III Tier II bonds, Senior bonds, and Fixed deposits programme, all rated [ICRA]AA, [ICRA]AA (Stable), [ICRA]AA-, (Stable), and [ICRA]A1+; the rating agency also noted that the ratings consider standalone financials and factors in support to subsidiaries, while the Certificates of deposit programme remains unchanged at [ICRA]A1+, and the Long-term rating is also under the watch, monitoring transaction progress, Fairfax's plans, and implications for the bank’s financial profile.
Beware of fraudulent tips, unauthenticated news and advice on stock market.
At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources received through WhatsApp, Telegram, SMS, Calls, etc., and take an informed decision before investing.
Report unsolicited messages to the Stock Exchange on +91 8291833676 or email: feedbk_invg@nse.co.in
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Filing complaints on SCORES - Easy & quick: a. Register on SCORES portal scores.sebi.gov.in/ b. Mandatory details for filing complaints on SCORES are i. Name, PAN, Address, Mobile Number, E-mail ID. c. Benefits: i. Effective communication ii. Speedy redressal of the grievances.
Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
BOBCaps employees / representatives never ask for your password.
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
In our continuous effort to keep you safeguard from the market related frauds and increase awareness while conducting trades, we request you to go through the Press Release issued by the NSE and would request you to ensure that you do not engage with the individuals and entities mentioned below: