Krishna Bhagya Jala Nigam Plans Rs 350 Crore Ncd Issue

Krishna Bhagya Jala Nigam Ltd (KBJNL) will be coming out with a public issue of secured redeemable non-convertible bonds in the nature of debentures aggregating Rs 350 crore for cash at par. The Karnataka government undertaking will be offering infrastructure (tax saving) bonds and regular return bonds at a face value of Rs 5000 crore each.

Executive director, finance, KBJNL RS Pashupathy said: