By Susanna Moon
Chicago, Sept. 19 – Kalpataru Power Transmission Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 1 billion of 8.11% redeemable debentures due 2022.
Kalpataru will issue 1,000 debentures with a face value of Rs. 1 million each through a private placement, according to the notice.
The executive committee of the company’s board of directors approved the issue at a meeting held Tuesday.
The notes will be rated and 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: | Redeemable taxable non-convertible debentures
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| Amount: | Rs. 1 billion
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| Maturity: | Sept. 27, 2022
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| Coupon: | 8.11%
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| Allotment date: | Sept. 27
|
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