Century Textiles and Industries raises Rs250 crore through allotment of NCDs

22 Feb 2022 , 03:38 PM

The Finance Committee of the Board of Directors of Century Textiles and Industries Limited on Tuesday has approved the allotment of 2,500, 6.32% Secured, Listed, Rated, Non-Cumulative, Redeemable, Non-Convertible Debenture (NCDs’) of the face value Rs10 lakh each for cash at par aggregating to Rs250 crore on private placement basis.

The date of maturity is February 21, 2025; subject to the exercise of a Put option and Coupon/interest offered 6.32% per annum payable annually.

Century Textiles & Industries Ltd stock trade on Tuesday ended at Rs757.10 per piece down by Rs28.55 or 3.63% from its previous closing of Rs785.65 per piece on the BSE.

The scrip opened at Rs782 and has touched a high and low of Rs782 and Rs740.35 respectively.