Indus Towers to raise Rs1500 crore through NCDs

28 Nov 2022 , 08:41 AM

Indus Towers Limited has informed to the exchanges regarding outcome of meeting of the Board constituted Committee of Directors for Fund raising.

The Committee of Directors of Indus Towers Limited for Fund raising in its meeting held on November  25, 2022, has, approved the offering of Non-Convertible Debentures (‘NCD’s) of total up to Rs1,500 crore (Base issue size of Rs1,000 crore and Green Shoe option of up to an additional Rs500 Crore) in three series, on private placement basis.

At around 9:18 AM, Indus Towers was trading at Rs204 per share higher by 0.37% on the BSE.

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