Hindustan Zinc raises Rs 3,520 crore via NCDs

"The issuer today…approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis (’Issue’) by Hindustan Zinc,” the company said in a filing to BSE.

PTI

September 29, 2020 / 02:27 PM IST

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Hindustan Zinc on Tuesday said it has raised Rs 3,520 crore through issuance of non-convertible debentures (NCDs).

"The issuer today…approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis (’Issue’) by Hindustan Zinc,” the company said in a filing to BSE.

Hindustan Zinc is a leading zinc-lead miner. It is a subsidiary of Vedanta Ltd which owns 64.9 percent stake in the company while the Government of India holds 29.5 percent stake.

PTI

Tags: #Business #Companies

first published: Sep 29, 2020 02:28 pm