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 Rs 10,00,000 each at par aggregating Rs 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.
Source: Mint