CESC board approves raising Rs 300 cr via NCDs

Power utility CESC on Tuesday said its board has approved a proposal to raise Rs 300 crore through issuance of non-convertible debentures (NCDs).

''Committee of the Board at its meeting held today... approved the issue of 3,000 secured, unlisted, redeemable, rated NCDs having a face value of Rs 10 lakh each for cash at par aggregating to Rs 300 crore, on a private placement basis,'' a BSE filing stated.

CESC is an RP - Sanjiv Goenka Group firm operating in the power sector.