Kalpataru Power Transmission (KPTL) today said its board will consider on September 19 a proposal to raise Rs 100 crore via issuance of non-convertible debentures (NCDs) on private placement basis.
"The meeting of the executive committee of board of directors of the company is scheduled to be held on September 19, 2017, inter alia, to consider issuance of unsecured redeemable listed taxable non-convertible debentures of Rs 100 crore on private placement basis," KPTL said in a BSE filing today.
According to the statement, the said issue is within the limits approved by the board of directors and the shareholders of the company.
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