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Business News/ Market / Stock-market-news/  Welspun Corp. to raise Rs250 crore via NCDs
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Welspun Corp. to raise Rs250 crore via NCDs

Welspun Corp.'s board has approved the issue of 2,500 secured redeemable NCDs of the face value of Rs10,00,000 each at par aggregating Rs250 crore by way of private placement basis

Shares of Welspun Corp. settled 1.39% lower at Rs191.15 on the BSE. Photo: APPremium
Shares of Welspun Corp. settled 1.39% lower at Rs191.15 on the BSE. Photo: AP

New Delhi: Welspun Corp., the flagship company of Welspun Group, plans to raise Rs250 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

“The Board of Directors at its meeting...approved the issue of 2,500 secured redeemable non-convertible debentures (NCDs) of the face value of 10,00,000 each at par aggregating 250 crore by way of private placement basis," Welspun Corp. said in a BSE filing.

Shares of Welspun Corp. settled 1.39% lower at Rs191.15 on the BSE.

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Published: 23 Jan 2018, 09:40 PM IST
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