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Power utility firm CESC approves proposal to raise Rs 300 cr through NCDs

Under the first issuance, 20,000 NCDs having a face value of Rs 1,00,000 each, for cash, at par aggregating to Rs 200 crore, will be issued on a private placement basis

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Press Trust of India New Delhi

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Power utility firm CESC Ltd board has approved the issuance of 30,000 non-convertible debentures on a private placement basis to raise Rs 300 crore.

Under the first issuance, 20,000 NCDs having a face value of Rs 1,00,000 each, for cash, at par aggregating to Rs 200 crore, will be issued on a private placement basis.

In the second tranche, 10,000 NCDs having a face value of Rs 1,00,000 each, for cash, at par aggregating to Rs 100 crore, will be issued on a private placement basis.

The committee of the Board, at its meeting held today (Wednesday), has approved the issue of the following secured, unlisted, redeemable, rated, non-convertible debentures (NCDs) on a private placement basis, a BSE filing stated.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 27 2023 | 10:22 PM IST

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