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IRB Infrastructure raises Rs 200 cr through NCDs on private placement basis

Business Finance

Press Trust of India  |  New Delhi 

IRB Infrastructure on Thursday said it has raised Rs 200 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

The NCDs were of a face value of Rs 10 lakh each, it said in a filing to the BSE.

"The management administration and share-transfer committee of the board of directors of the company at their meeting held today (on Thursday) has allotted secured, redeemable, listed, rated non-convertible debentures," the company said.

It added that the debentures are of a "face value of Rs 10 lakh each, for cash at par, aggregating to Rs 200,00,00,000 (rupees two hundred crore only) on a private placement basis".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 21 2020. 21:42 IST