By Tali Rackner
Norfolk, Va., March 15 – Kalpataru Power Transmission Ltd. informed the Bombay Stock Exchange that the executive committee of its board of directors met on Wednesday and approved an issue of Rs. 1 billion of 7.9% unsecured redeemable taxable nonconvertible debentures due May 15, 2020.
The 1,000 debentures have a face value of Rs. 1 million each and will be issued via private placement.
The debt will be listed on the wholesale debt market segment of the BSE Ltd.
The Mumbai-based diversified conglomerate is involved in real estate, power generation and transmission, construction of roads, factories, buildings and oil and gas infrastructure and agri-logistics.
| Issuer: | Kalpataru Power Transmission Ltd.
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| Issue: | Unsecured redeemable taxable nonconvertible debentures
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| Amount: | Rs. 1 billion
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| Maturity: | May 15, 2020
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| Coupon: | 7.9%
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| Allotment date: | March 17
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