Adani Power Ltd allots Non-Convertible Debentures for Rs. 330 crores

Adani Power Ltd has raised Rs. 330 crores (Rupees Three Hundred Thirty Crores only) on May 10, 2016 by allotment of 3300 Rated, Listed, Redeemable, Zero Coupon, Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000/- each on private placement basis.

The said NCDs will be listed on the Wholesale Debt Market segment of BSE Limited.

The Management Committee meeting commenced at 5:00 p.m. and concluded at 5.45 p.m.

Shares of ADANI POWER LTD. was last trading in BSE at Rs.30.1 as compared to the previous close of Rs. 30.05. The total number of shares traded during the day was 3113926 in over 2214 trades.

The stock hit an intraday high of Rs. 30.6 and intraday low of 29.2. The net turnover during the day was Rs. 93611241.

Source : Equity Bulls

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