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Bloomberg Quint
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CESC To Allot NCDs Worth Rs 250 Crore To Axis Bank
- The board of CESC Ltd. has approved the allotment of non-convertible debentures worth Rs 250 crore to Axis Bank.
- The securities will be allotted on a private placement basis and will mature on April 11, 2030.
- The coupon rate of the instrument will be 2.67% and the debentures will have a call/put option after three years.
- Shares of CESC Ltd. closed 2.34% higher at Rs 153.35 apiece on the BSE.
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