Hindustan Petroleum Corporation to raise Rs10,000 crore

The Board of Directors of Hindustan Petroleum Corporation Limited at its Meeting held on December 15, 2022 approved a proposal for borrowing through further issuance of Secured / Unsecured Redeemable NonConvertible Debentures / Bonds / Notes etc. upto Rs10,000 crore.

As per the filing, the issuance of NCDs is on private placement basis in the domestic market and/or in the overseas market from the date of such approval, the company said.

At around 9:19 AM, Hindustan Petroleum Corporation Ltd is currently trading at Rs246.70 per share up by Rs0.1 or 0.04% from its previous closing of Rs246.60 per share on the BSE.

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