By Sarah Lizee
Olympia, Wash., Sept. 11 – India’s Kalpataru Power Transmission Ltd. notified the Bombay Stock Exchange that it plans to allot Rs. 1 billion of 0% unsecured redeemable taxable nonconvertible debentures in two parts on Sept. 12.
The issue was approved at a board meeting held on Tuesday, according to the notice.
The debentures will be issued on a private placement basis and will be listed on the wholesale debt market segment of the BSE Ltd.
The Rs. 500 million of option A debentures will mature on March 11, 2022, and the Rs. 500 million of option B debentures will mature on Sept. 12, 2022.
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.
|
| Issue: | Unsecured redeemable taxable nonconvertible debentures
|
| Amount: | Rs. 1 billion
|
| Coupon: | 0%
|
| Allotment date: | Sept. 12
|
|
|
| Option A debentures
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| Amount: | Rs. 500 million
|
| Maturity: | March 11, 2022
|
| Tenor: | 3.5 years
|
|
|
| Option B debentures
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| Amount: | Rs. 500 million
|
| Maturity: | Sept. 12, 2022
|
| Tenor: | Four years
|
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