Hindalco to raise up to Rs 700 crore through debentures

12 Jan 2023 , 10:05 AM

Hindalco Industries Limited has announced to the exchanges regarding board approval for fund raising through Non-convertible Debentures (NCDs).

As per the regulatory filing, it is informed that the Capital Raising Committee of the Board of Directors of the Company at its meeting held on January 10, 2023, approved issuance of Non-Convertible Debentures (‘NCDs’) on private placement basis, for an amount not exceeding Rs700 crore.

At around 10:11 AM, Hindalco was trading at Rs486.70 per share lower by 0.95% as against previous closing of Rs491.35 per share on the BSE.

On Thursday morning, the scrip opened at Rs493.05 per share and hit intraday high and low at Rs495 per share and Rs485.05 per share respectively on the BSE.

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