Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/- for Moneycontrol Pro subscribers. Price Increasing Soon!
you are here: HomeNewsBusiness

Coforge raises Rs 340 crore via non-convertible bonds

The non-convertible bonds (NCBs) are proposed to be listed on the wholesale debt market (WDM) segment of BSE, the company added.

April 27, 2021 / 11:26 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

IT firm Coforge Ltd, formerly NIIT Technologies, on Tuesday said it has raised Rs 340 crore through issuance of non-convertible bonds on private placement basis.

"The board of directors of the company has approved allotment of up to 3,400 unsecured, listed, rated, redeemable non-convertible bonds of Rs 10,00,000 each aggregating up to Rs 340 crore to identified investors on a private placement basis,” Coforge said in a regulatory filing.

The non-convertible bonds (NCBs) are proposed to be listed on the wholesale debt market (WDM) segment of BSE, the company added.

Shares of Coforge were trading 0.28 per cent lower at Rs 2,799 apiece on BSE.



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

PTI
first published: Apr 27, 2021 11:26 am
Sections
ISO 27001 - BSI Assurance Mark