You are here: Home » PTI Stories » National » News
Business Standard

Varun Beverages plans to raise Rs 1,000 cr via NCDs

Press Trust of India  |  New Delhi 

Varun Beverages today said it has sought shareholders' nod to raise Rs 1,000 crore by issuing non-convertible debentures (NCDs).

The company, which has been listed on in November last year, has plans to raise the amount in one or more tranches, Varun Beverages said in a regulatory filing.

"Shareholders' approval is being sought in the aforesaid 22nd AGM for further fund raising by way of debt issue and the shareholders' are requested to authorise the board of directors to offer, from time to time, the subscription of redeemable, secured/unsecured Non-Convertible Debentures aggregating to Rs 1,000 crore," the company said.

The company is convening its AGM on April 17 in

of the company closed 6.00 per cent up at Rs 374.55 apiece on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 20 2017. 20:43 IST