Tulsyan NEC Limited allots 2690 NCDs

The Board of Directors of Tulsyan NEC Limited at their meeting held today i.e. 28th March, 2023, have considered and approved allotment of 2,690 unlisted, unrated, secured, redeemable, nonconvertible debentures (NCDs), each having a face value of INR 10,00,000 aggregating to INR 269,00,00,000 on a private placement basis to the following investors:

India Special Assets Fund III (a scheme of ISAF III) - 1,856 NCDs - Rs. 185,60,00,000

ISAF III Onshore Fund (a scheme of Edelweiss Credit Opportunities Trust) - 834 NCDs - Rs. 83,40,00,000.

Shares of Tulsyan NEC Limited was last trading in BSE at Rs. 51.86 as compared to the previous close of Rs. 54.34. The total number of shares traded during the day was 40900 in over 186 trades.

The stock hit an intraday high of Rs. 56.75 and intraday low of 51.63. The net turnover during the day was Rs. 2123146.00.

Source : Equity Bulls

Keywords

TulsyanNEC INE463D01016 IronandSteel FundRaising NCDs PrivatePlacement