18 Feb 2022 , 12:42 PM
Birla Corporation Limited on Thursday has approved the allotment of 1500, (AA) rated, listed, secured, redeemable NonConvertible Debentures (NCDs) of Rs10 lakh each aggregating to Rs150 crore on a private placement basis.
The coupons are offered at an interest rate of 5.75% p.a. payable monthly (floating rate six-month T Bills). The tenure of the allotment is five years.
At around 12. 44 PM, Birla Corporation Ltd was trading at Rs1,128.95 per piece down by Rs30.7 or 2.65% from its previous closing of Rs1,159.65 per piece on the BSE.
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