"... The Company is proposing to issue Unsecured Redeemable Non-Convertible Debentures amounting to Rs 2,000 crore on private placement basis," Idea said in a BSE filing.
The NCDs are proposed to be listed on National Stock Exchange on January 27 on which it is offering 8.04 per cent annual interest.
The date of maturity for these NCDs will be January 27, 2022. This would be the fourth round of fund raising by Idea within a period of two months.
The company raised Rs 1,500 crore through NCDs on December 13, Rs 1,000 crore on January 4 and Rs 500 crore on January 17.
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