HCL Technologies Ltd allots NCDs worth Rs 500 crores

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

The company allotted Non Convertible Debentures with 5 years maturity period. The Cut off Coupon Rate is 8.80% p.a. payable quarterly. The amount allocated was Rs.500 Crores.

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

The stock was trading at Rs.312.15, up by Rs.3.05 or 0.99%. The stock hit an intraday high of Rs.314.70 and low of Rs.309.50.

The total traded quantity was 126313 compared to 2 week average of 234920.

Source : Equity Bulls

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