JSPL raises Rs 300 cr by issuing NCDs to HDFC Bank
Jindal Steel and Power Ltd (JSPL) has raised Rs 300 crore by issuing 3,000 unsecured, redeemable non-convertible debentures (NCDs) to HDFC Bank.
By PTI |
NEW DELHI: Jindal Steel and Power Ltd (JSPL) has raised Rs 300 crore by issuing 3,000 unsecured, redeemable non-convertible debentures (NCDs) to HDFC Bank.
The Naveen Jindal-led firm, in an exchange filing today said each debentures, having a tenor of 1,095 days from the date of allotment, have Rs 10,00,000 face value.
The debentures carry 9.63 per cent rate of interest which is payable on an annual basis.
Rating agency Care has assigned AA (+) rating to the NCDs.
The company scrip settled at Rs 334.70, up 1.67 per cent over the previous close on the BSE.
The Naveen Jindal-led firm, in an exchange filing today said each debentures, having a tenor of 1,095 days from the date of allotment, have Rs 10,00,000 face value.
The debentures carry 9.63 per cent rate of interest which is payable on an annual basis.
Rating agency Care has assigned AA (+) rating to the NCDs.
The company scrip settled at Rs 334.70, up 1.67 per cent over the previous close on the BSE.
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