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August 15, Wednesday 2018 6:34 PM       

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       Ind-Swift Laboratories raises Rs 424.5 crore via NCDs
 
         Posted on :17:31:20 Jun 13, 2018
   
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       Last edited on:17:31:20 Jun 13, 2018
         Tags: ind-swift, NCD, BSE
 

Drug firm   Ind-Swift Laboratories today said it has raised Rs 424.5 crore through allotment of redeemable non-convertible debentures to two investors. The company has allotted 4,245 debentures to ECAP Equities Ltd and ECL Finance Ltd, Ind-swift Laboratories said in a BSE filing.

"...the Board of Directors in their meeting held today approved inter-alia among other items, the allotment of 4,245 10% secured rated listed redeemable non-convertible debentures of face value of Rs 10,00,000- each to the investors whose bids are accepted through EBP mechanism...," it added. The tenure of allotment is 6 years, Ind-Swift Laboratories said. The company, however, did not mention what it proposed to do with the amount being raised. Shares of Ind-Swift Laboratories were today trading at Rs 82.80 per scrip in the afternoon trade on BSE, up 4.94 percent from its previous close.

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       BUSINESS
Next Article: RBI needs more powers to oversee PSB: Guv to panel
 
 
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