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Last Updated : May 28, 2020 04:57 PM IST | Source: PTI

Welspun Enterprises to raise Rs 175 crore through allotment of NCDs

"The allotment of 1,750 rated, listed, secured, redeemable non-convertible debentures (NCDs) having face value of Rs 10,00,000/ each aggregating to Rs 175 crore on private placement basis was approved by the Finance & Administration Committee of the Board of Directors of the company on May 27, 2020," it said in a regulatory filing to the BSE.

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Welspun Enterprises on Thursday said its board has given its nod to raise Rs 175 crore through allotment of NCDs on a private placement basis. The allotment was approved by the company's board of directors on Wednesday, it said.

"The allotment of 1,750 rated, listed, secured, redeemable non-convertible debentures (NCDs) having face value of Rs 10,00,000/ each aggregating to Rs 175 crore on private placement basis was approved by the Finance & Administration Committee of the Board of Directors of the company on May 27, 2020," it said in a regulatory filing to the BSE.

The NCDs are proposed to be listed on wholesale debt market segment of BSE, it said.

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The company's key activity is in infrastructure business, and it has developed and operates public-private partnership (PPP) projects in various sectors like road, water, and urban infrastructure.
First Published on May 28, 2020 04:50 pm
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