Jubilant Lifescience issues NCDs worth Rs95cr on private placement; Stock ends 3% higher

The NCDs have a tenure of 5 years with a maturity date set on January 13, 2026.

Jan 14, 2021 11:01 IST India Infoline News Service

Jubilant Lifescience has issued Non-convertible Debentures (NCDs) to the tune of Rs95cr on a private placement basis.

The issue comprises of 950 NCDs of Rs10 lakh each for cash at par. Notably, these NCDs are not proposed to be listed.

The NCDs have a tenure of 5 years with a maturity date set on January 13, 2026.

A coupon rate of 5.5% per annum is set on the NCDs.

On Sensex, Jubilant Lifescience finished at Rs1004.85 per piece up Rs26.65 or 2.72%.

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