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Chennai Petroleum Corporation raises Rs 1145 crore on private placement basis

02 Mar 2020 Evaluate

Chennai Petroleum Corporation has issued and allotted 11450 Unsecured, Listed, Rated, Senior, Redeemable, Non-Cumulative, Taxable, Non-Convertible, Bonds in the Nature of Debentures (Series I – 2020) of Rs 10,00,000 each aggregating to Rs 1,145,00,00,000 on Private Placement Basis to meet the funding of CAPEX and financing of normal business activities.

Chennai Petroleum Corporation, a Group company of Indian Oil Corporation is an Indian state-owned oil and gas corporation headquartered in Chennai, India.

Peers
Company Name CMP
Reliance Industries 1202.80
Indian Oil Corpn. 130.00
Bharat PetroleumCorp 294.00
HPCL 346.80
MRPL 173.90
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