Idea Cellular to raise Rs 500 cr via NCDs
Idea raised Rs 1,500 cr on Dec 13 and Rs 1,000 cr on Jan 4 through issue of debentures
 "Idea Cellular to raise Rs 500 cr via NCDs")
"...The company is proposing to issue unsecured redeemable non-convertible debentures amounting to Rs 500 crore on private placement basis," Idea said in a regulatory filing today.
The plan is to issue NCDs on January 17 on National Stock Exchange on which it is offering 7.77 per cent annual interest.
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The date of maturity for these NCDs will be January 17, 2022. This would be the third fund raising round by Idea within a period of two months.
Idea raised Rs 1,500 crore on December 13 and Rs 1,000 crore on January 4 through issue of debentures on private placement.
Shares of Idea ended 3.22 per cent down at Rs 72.2 apiece on BSE.