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Bombay Burmah gets nod to raise Rs 100 crore through NCDs

29 Apr 2020 Evaluate

Bombay Burmah Trading Corporation’s board has approved an issue of 1000 Senior, Secured, Listed, Rated, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10,00,000 each in Series A & Series B aggregating to Rs 100 crore. The said NCDs are proposed to be listed on Wholesale Debt Market Segment of BSE. The Debenture Issue Committee of the Board of Directors of the Corporation (Committee) on April 27, 2020 has approved the same.

Bombay Burmah Trading Corporation is a diversified manufacturing and trad- ing company. The Company owns plantations of tea, coffee, cardamam, cocoa, rub- ber and palm oil in different countries like India, Thailand, Indonesia and Tan- zania.

Peers
Company Name CMP
SamvardhanaMotherson 164.40
Tube Investments 2605.00
Bosch 47800.00
UNO Minda 1240.00
Bombay Burmah Trdg. 1510.30
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