Latest News | Kalpataru Projects Int'l Board Approves Plan to Raise Up to Rs 200 Crore Via NCDs

New Delhi, Nov 6 (PTI) Kalpataru Projects International on Wednesday said that its board has approved a proposal to raise up to Rs 200 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.

As many as 20,000 NCDs of the face value of Rs 1,00,000 each, aggregating to Rs 200 crore, are proposed to be issued, a BSE filing stated.

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According to the filing, the Board of Directors of the company at its meeting held today has approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures of Rs 200 crores on a private placement basis.

The NCDs are proposed to be listed in the Wholesale Debt Market Segment of BSE Ltd.

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The size of the issue is up to Rs 200 crores in one or more tranche(s).

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