Moneycontrol PRO
Upcoming Webinar:Watch a panel of experts discuss: Challenges of continuously evolving regulation for Cryptocurrency, on 7th July at 3pm. Register Now
you are here: HomeNewsBusiness

Raymond to raise Rs 40 crore through NCDs

"The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Ltd,” the company said.

November 26, 2020 / 07:31 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Textile and apparels firm Raymond Ltd on Thursday said its committee of directors has approved raising of Rs 40 crore through private placement of non-convertible debentures.

The committee of directors has approved allotment of 400 secured listed rated redeemable non-convertible debentures (NCDs) of face value Rs 10,00,000 each at par, Raymond Ltd said in a regulatory filing.

The NCDs will have a coupon rate of 8.85 percent, it added.

"The debentures are proposed to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Ltd,” the company said.
PTI
first published: Nov 26, 2020 07:31 pm
Sections
ISO 27001 - BSI Assurance Mark