Adani Enterprises raises Rs34.30cr by allotment of NCDs; stock trades higher

The company’s Board of Directors on May 6, 2020, had given in-principle approval for issuance of NCDs for an amount not exceeding Rs1,000cr in one or more tranches on private placement basis.

Nov 20, 2020 09:11 IST India Infoline News Service

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Adani Enterprises Limited has raised Rs34.30cr by allotment of NCDs of the face value of Rs10 lakh each on private placement basis.

“The company has raised Rs34.30cr on November 19, 2020 by allotment of 343 Secured, Rated, Listed, Redeemable, Principal Protected Market Linked Non-Convertible Debentures (MLD) of the face value of Rs10,00,000/- each on private placement basis.
The said NCDs will be listed on the Wholesale Debt Market segment of BSE Limited,” company said in a regulatory filing on Thursday.

The company’s Board of Directors on May 6, 2020, had given in-principle approval for issuance of Non-Convertible Debentures for an amount not exceeding Rs1,000cr in one or more tranches on private placement basis.

At around 9.22 am, Adani Enterprises was trading at Rs388.30 per piece up by Rs2.75 or 0.71% from its previous closing of Rs385.55 per piece on the BSE.

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