Loan & Debt24 Sept 2026, 10:16 pm
CESC Ltd Allots ₹190 Cr Debt Securities to Kotak Mahindra Bank
AI Summary
CESC Ltd has announced the allotment of 19,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures worth ₹190 Crore to Kotak Mahindra Bank Limited. The allotment was approved by a Committee of the Board of Directors at a meeting held on September 24, 2026. These debentures have a face value of ₹1,00,000 each and were issued on a private placement basis. This move signifies CESC Ltd's continued access to debt financing.
Key Highlights
- CESC Ltd allots ₹190 Crore in debt securities.
- Securities are Secured, Unlisted, Redeemable, Rated NCDs.
- Allotment made to Kotak Mahindra Bank on private placement.
- Board committee approved the debt issuance.
- Financing strengthens CESC's capital structure.
Price Impact
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