Blue Star Ltd approves allotment of 3,500 NCDs

The Debenture Committee of the Board of Directors of Blue Star Ltd ('Committee') at its meeting held today, i.e. Monday, June 1, 2020 has approved allotment of 3,500, 7.65% Unsecured, Listed, Rated and Redeemable Non-Convertible Debentures (NCDs) of face value of Rs 10 lakhs each of Rs 350 crores, to identified investors on private placement basis and subject to the terms of issue as per Information Memorandum and other Transaction Documents.

The NCDs are proposed to be listed on Wholesale Debt Market Segment of National Stock Exchange of India Limited.

Shares of BLUE STAR LTD. was last trading in BSE at Rs.489.5 as compared to the previous close of Rs. 486.6. The total number of shares traded during the day was 4889 in over 895 trades.

The stock hit an intraday high of Rs. 494 and intraday low of 483. The net turnover during the day was Rs. 2392314.

Source : Equity Bulls

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