JSPL raises Rs 300 cr by issuing NCDs to HDFC Bank
The debentures carry 9.63% rate of interest which is payable on an annual basis
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Jindal Steel and Power Ltd (JSPL) has raised Rs 300 crore by issuing 3,000 unsecured, redeemable non-convertible debentures (NCDs) to HDFC Bank.
The Naveen Jindal-led firm, in an exchange filing today said each debentures, having a tenor of 1,095 days from the date of allotment, have Rs 10,00,000 face value.
The debentures carry 9.63% rate of interest which is payable on an annual basis.
Rating agency Care has assigned AA (+) rating to the NCDs.
The company scrip settled at Rs 334.70, up 1.67% over the previous close on the BSE.
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First Published: Apr 05 2013 | 8:44 PM IST