Hindustan Zinc approves allotment of NCDs up to Rs 1,400 cr

Hindustan Zinc has approved the allotment of (i) 42,000 unsecured, redeemable, rated, listed non convertible debentures having a face value of Rs 1,00,000 each, aggregating up to Rs 420 crore (STRPP1); and (ii) 98,000 unsecured, redeemable, rated, listed non-convertible debentures having a face value of Rs 1,00,000 (Indian Rupees One Lakh only) each, aggregating up to Rs 980 crore (STRPP2 which together with STRPP 1 (STRPPS)), where the cumulative principal amount of the STRPPS shall not exceed Rs 1400 crore.

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