ACC raises Rs 300 crore through NCD issue

ACC Ltd has announced that the Company has successfully completed the issue of 3000 secured non-convertible debentures of the face value of Rs. 10,00,000/- each, aggregating to Rs. 300 Crore through private placement.

The Bond carries a coupon of 8.45% par payable annually and is for a tenor of 5 years.

The stock closed the day at Rs.814.35, down by Rs.11.45 or 1.39%. The stock hit an intraday high of Rs.820 and low of Rs.803.10.

The total traded quantity was 59638 compared to 2 week average of 100008.

Source : Equity Bulls

Keywords