Blue Star’s Debenture Committee of the Board of Directors has approved an issue of 3,000 unsecured, Non-Convertible Debentures (NCDs), having face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, with an option to retain over subscription up to Rs 50 crore, aggregating to Rs 350 crore, on a private placement basis.
The Board of Directors of the company at its meeting held on May 29, 2020, has approved the same. The Debentures are proposed to be listed on the Wholesale Debt Market segment on the National Stock Exchange of India (NSE).
Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.
