CESC has raised Rs 120 crore through the allotment of first tranche of 1,200 Non-Convertible Debentures (NCDs) of a face value of Rs 10 lakh each on a private placement basis to Citibank.
Earlier, the company had received approval to raise Rs 350 crore through an issuance of 3,500 NCDs having a face of Rs 10 lakh each for cash at par in one or more tranches from time to time, on a private placement basis.
CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.
