New Delhi, Sep 25 (PTI) Kalpataru Projects International Ltd on Monday said it plans to raise Rs 150 crore through issuance of non-convertible debentures (NCDs) on private placement basis.

The company aims to issue 15,000 NCDs of face value of Rs 1 lakh each, aggregating to Rs 150 crore, Kalpataru Projects International said in a regulatory filing.

Also Read | Rs 2,000 Note Exchange Deadline Ends on September 30; Know How to Deposit or Exchange Withdrawn Currency Notes.

"The Executive Committee of the Board of Directors of the company at its meeting held today has approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures of Rs 150 crore on private placement basis," the filing said.

The NCDs will be listed on the Wholesale Debt Market segment of BSE.

Also Read | UPSC Recruitment 2023: Vacancies Notified for 18 Assistant Public Prosecutor and Other Posts, Apply Online at upsc.gov.in.

The deemed date of allotment is September 29, 2023 and date for final redemption is September 29, 2027.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)