Bombay Burmah Trading Corporation has received an approval to issue 1500 Secured, Listed, Redeemable, NCDs for Rs 10,00,000 each aggregating to Rs 150 crore on private placement basis. The Finance committee meeting of the company held on March 14, 2017 has approved for the same. The said issue will be at par, for cash, on private placement basis and will be listed on the Wholesale Debt Market Segment of BSE.
Bombay Burmah Trading Corporation is a leading concern of the Wadia Group, a reputed Indian business house with interests in plantations, foods, textiles, chemicals, electronics and light engineering, health care and real estate. Bombay Burmah, Bombay Dyeing and Britannia are the mastheads of the Wadia Group.
