Hindalco Industries has completed issuance of Secured Redeemable Non-Convertible Debentures (NCD) amounting to Rs 3,000 crore on Private Placement (PP) basis at the coupon of 9.55% per annum.
The proceeds from this issue will be used for the general business purposes including capital expenditure, working capital, refinancing of existing debt. The mentioned debentures are proposed to be listed on WDM of National Stock Exchange of India.
The Committee of Directors in their meeting held on April 25, 2012, approved the allotment of 30,000 secured Redeemable Non-convertible Debentures on Private Placement basis, having the face value of Rs 10,00,000 each to the eligible Investors, in accordance with SEBI (Issue and Listing of Debt Securities) Regulations, 2008, and other relevant laws
Hindalco Industries, the metals flagship company of the Aditya Birla Group, is an industry leader in aluminium and copper. The company's aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines. Meanwhile, the Birla Copper unit produces copper cathodes, continuous cast copper rods along with other by-products, including gold, silver and DAP fertilisers.
| Company Name | CMP |
|---|---|
| Hindalco | 674.20 |
| Vedanta | 443.90 |
| Hindustan Zinc | 696.50 |
| Gravita India | 1154.95 |
| Ram Ratna Wires | 379.20 |
| View more.. | |
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