CESC gets board’s approval to raise Rs 100 crore from Axis Bank via NCDs

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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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First Published: Dec 29 2023 | 1:53 PM IST