Coforge allots NCBs worth Rs340cr on private placement basis

The company has allotted up to 3400 NCBs of the face value of Rs10 lakh each.

Apr 27, 2021 11:04 IST India Infoline News Service

Coforge Limited has allotted up to 3400 unsecured, listed, rated, redeemable NonConvertible Bonds (NCBs) of the face value of Rs10 lakh each aggregating up to Rs340cr on a private placement basis.

“The NCBs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited,” the company said in a regulatory filing on Monday.

At around 11.06 am, Coforge Limited was trading at Rs2794.25 down Rs12.65 or 0.45% on the BSE.

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