NLC India has decided to raise Rs 1175 crore (with a base issue size of Rs 250 crore and Green Shoe Option to retain oversubscription upto Rs 925 crore) through private placement of Unsecured, Non-Cumulative, Non-Convertible, Redeemable, Taxable Bonds (Series I of 2021) in the nature of Debentures at a coupon of 6.05% p.a. as per the bidding process held on February 10, 2020. The bonds are proposed to be listed on both NSE & BSE.
NLC India is engaged in the business of lignite mining and power generation.
