Loan & Debt5 Aug 2026, 05:00 pm
CESC Ltd Allots ₹250 Cr in Debt Securities to Axis Bank
AI Summary
CESC Limited has announced the allotment of 25,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures, each with a face value of ₹1,00,000, aggregating to ₹250 Crore. The allotment was made on a private placement basis to Axis Bank Limited. This move follows previous communications regarding the debt issuance and signifies a significant funding arrangement for the company.
Key Highlights
- CESC Ltd allots ₹250 Crore in Non-Convertible Debentures.
- Debentures are secured, unlisted, redeemable, and rated.
- Allotment made on a private placement basis to Axis Bank.
- This is a debt financing instrument for the company.
Price Impact
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