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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