CESC board okays Rs 300-cr NCD issue

New Delhi: The board of power utility company CESC on Wednesday approved the issuance of 30,000 non-convertible debentures on private placement basis to raise Rs300 crore.

“Committee of the board at its meeting held today, has approved the issue of 30,000 secured, unlisted, redeemable, rated non-convertible debentures having a face value of Rs 1 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis,” a BSE filing said.

The deemed date of allotment is September 29, 2023 while the date of maturity will be September 29, 2028 (final redemption date), according to the filing.