CESC Ltd receives board approval to raise Rs 100 crore from Axis Bank through the issuance of non-convertible debentures (NCDs) on a private placement basis.
Photograph: Danish Siddiqui /Reuters
New Delhi, Dec 29 (PTI) Power utility CESC Ltd on Friday said it received board's approval for raising Rs 100 crore from Axis Bank through issue of non-convertible debentures on private placement basis.
The committee of the board of directors at its meeting approved the allotment of 10,000 secured, unlisted, redeemable, rated non-convertible debentures having a face value of Rs 1,00,000 each aggregating to Rs 100 crore on a private placement basis to Axis Bank Limited, CESC said in a regulatory filing.
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