The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot.
On NSE, the FMCG index skyrocketed over 560 points. While the Financial Services and Media index dipped marginally.
This partnership is part of HPCL's strategy to expand into the renewable energy sector.
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The company the total issue size to Rs 257 crore from Rs 388 crore, as the IPO was subscribed only 0.53 times.
Loans sold in the year totalled Rs35,937 crore.
The rating on the short-term debt/ commercial paper programme of the company has been reaffirmed at ‘IND A1+’.
This comes less than two months after the merger of the two entities.
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