The flagship company of the RP Sanjiv Goenka group, CESC Ltd, said on Tuesday that its board approved a plan to raise 400 million rupees without collateral. non-convertible bonds (ENT) at the private placement level.
The tenure of the ENT It is five years and the interest rate will be linked to the rates of the Treasury bills.
"... the board committee, at its meeting held today, has approved the issuance of 4,000 exchangeable, qualified, senior, guaranteed, unlisted non-convertible bonds with a face value of Rs 10 lakh each for cash at par adding to Rs 400 crore, on a private placement basis, "the company said in a regulatory filing.
The group recently divested all of its 156 MW wind power assets to Torrent Power for Rs 790 crore.
(Business Standard staff may have only modified the title and image of this report; the rest of the content is automatically generated from a syndicated feed.)
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