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UP Power Corp raises Rs 6,510 cr on BSE Bond platform

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IANS Mumbai

Stock market major BSE on Tuesday reported that state-run Uttar Pradesh Power Corporation has raised Rs 6,510 crore worth of debt capital on its bond platform.

"On February 16, 2017, UP Power Corporation successfully raised a whopping Rs 6,510 crore the highest ever mobilisation of debt capital by a public sector unit on the BSE BOND platform," the stock exchange major said in a statement.

According to the statement, 313 issues of bonds by 58 issuers have successfully raised Rs 162,731 crore using the BSE Debt platforms during the financial year 2016-17 till February 20, 2017.

BSE had on July 1, 2016 launched the platform for 'Electronic Book Mechanism' -- BSE BOND -- for the issuance of debt securities on private placement basis.

 

--IANS

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First Published: Feb 21 2017 | 8:58 PM IST

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