Moneycontrol
Nov 30, 2016 05:39 PM IST IST | Source: PTI

Prism Cement to raise Rs 200 cr via NCDs

"The Board of Directors of the company at its meeting held on November 30, 2016 approved issue of secured, rated, listed, non-convertible, redeemable taxable debentures - Tranche VIII (NCDs) aggregating Rs 200 crore on private placement basis," Prism Cement said in a BSE filing.


Prism Cement will raise Rs 200 crore through issuance of non-convertible debentures (NCDs) on private placement basis.


"The Board of Directors of the company at its meeting held on November 30, 2016 approved issue of secured, rated, listed, non-convertible, redeemable taxable debentures - Tranche VIII (NCDs) aggregating Rs 200 crore on private placement basis," Prism Cement said in a BSE filing.

Shares of Prism Cement were trading 1.91 percent higher at Rs 93.50 apiece on BSE.

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