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    HomeNewsBusinessCompaniesAltico Capital plans to raise Rs 1,250 cr by issuing NCDs

    Altico Capital plans to raise Rs 1,250 cr by issuing NCDs

    Altico Capital India said it will raise up to Rs 1,250 crore by issuing debentures on a private placement basis

    May 16, 2016 / 19:40 IST

    Altico Capital India said it will raise up to Rs 1,250 crore by issuing debentures on a private placement basis.

    The proposal to raise the said amount of fund will come up at company's Board of Directors' meeting to be held on May 19.

    "...to consider a proposal to raise funds through issuance of non-convertible debentures (NCDs) aggregating upto Rs 1,250 crore, in one or more tranches," it said in a BSE filing.

    Altico said the NCDs will be issued on a private placement basis. However, it did not elaborate on usage of the funds raised.

    Altico Capital, a non-banking finance company (NBFC) has the primary business of advancing loans and financing. 

    first published: May 16, 2016 07:18 pm

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