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Alembic Pharma allots NCDs on pvt placement basis, totalling Rs 3.5 bn

Shares of Alembic Pharmaceuticals were trading 0.42 per cent lower at Rs 615 apiece on BSE

Press Trust of India  |  New Delhi 

funds

Drug firm said it has raised Rs 350 crore through allotment of non-convertible debentures (NCDs) on private placement basis.

"The NCD committee of ..has allotted 1,500, 9 per cent rated unsecured listed redeemable non-convertible debentures (NCDs)... aggregating to Rs 150 crore under tranche I," Alembic Pharmaceuticals said in a regulatory filing.

The company said it has also allotted 2,000, 9 per cent rated unsecured listed redeemable NCDs...aggregating to Rs 200 crore.

Shares of Alembic Pharmaceuticals were trading 0.42 per cent lower at Rs 615 apiece on BSE.

First Published: Fri, December 14 2018. 13:30 IST
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