CESC allots NCDs worth Rs200 crore on private placement; Stock trades higher

18 Oct 2022 , 12:51 PM

CESC Limited has inform you that the Committee of the Board at its meeting held on Monday has approved the allotment of 2,000 unlisted, secured, redeemable, rated and non-convertible debentures having face value of Rs10 lakh each.

As per the filing, the allotted debt securities is aggregating to Rs200 crore, on a private placement basis, to Axis Bank Limited.

On Tuesday, at around 12:50 PM, CESC Ltd is currently trading at Rs78 per share up by Rs0.3 or 0.39% from its previous closing of Rs77.70 per share on the BSE.

The scrip opened at Rs77.85 per share and has touched a high and low of Rs78.45 per share and Rs77.75 per share respectively so far today. The current market cap of the company is Rs10,299.68 crore.

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