HCL Technologies allots NCDs worth Rs 500 crores

HCL Technologies Ltd has announced that the Company has on August 25, 2009 allotted 5000 Secured Redeemable Non-Convertible Debenture(s) (NCDs) of face value of Rs 10,00,000 each at Par aggregating to Rs 500 crores.

The company has allotted 1700 Debentures with Coupon Rate of 7.55% and Face Value per Debenture (Rs) of 10,00,000. The Total Value is (Rs / Crore) 170 and the Date of Maturity is August 24, 2011.

The company also allotted 3300 Debentures with Coupon Rate of 8.20% and Face Value per Debenture of (Rs) 10,00,000. The Total Value is (Rs / Crore) 330 and the Date of Maturity is August 24, 2012.

The said NCD's shall be listed on the Wholesale Debt Market segment of the National Stock Exchange of India.

The stock closed the day at Rs.301.55, down by Rs.5.45 or 1.78%. The stock hit an intraday high of Rs.315.40 and low of Rs.298.50.

The total traded quantity was 608833 compared to 2 week average of 416764.

Source : Equity Bulls

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