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| Bse Corporate Announcements | Back |
| Hindalco Industries issues secured redeemable non convertible debentures | |
| Hindalco Industries issues secured redeemable non convertible debentures On private placement basis Hindalco Industries on 25 April 2012 has completed the issuance of secured redeemable non convertible debentures amounting to Rs 3,000 crore on private placement basis at the coupon of 9.55% per annum. The committee of Hindalco Industries in its meeting on 25 April 2012 has approved the allotment of 30,000 secured redeemable non convertible debentures on private placement basis, having the face value of Rs 10 lac each to the eligible investors. The proceeds will be used for the general business purposes including capital expenditure, working capital, refinancing of existing debt. The aforesaid debentures are proposed to be listed on WDM of national stock exchange of india. |
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