In its filing to exchanges, the company informed that the Management Committee of the Board of Directors of the Company has today, i.e. on July 13, 2020, inter alia, approved the Information Memorandum for issuance of up to 7,500 (Seven Thousand Five Hundred) Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures.
The NCDs have a Face Value of Rs10,00,000 each.
Through the issuance, the company plans to raise about Rs750cr on private placement.
On Sensex, the stock has touched an intraday high and low of Rs375 per piece and Rs357 per piece respectively.