BPCL plans to raise Rs 1,500 cr through pvt placement of unsecured NCDs 
News Updates

BPCL plans to raise Rs 1,500 cr through private placement of unsecured NCDs

BPCL is planning to raise up to Rs 1,500 crores during FY 2022-23 through private placement of unsecured NCDs

PSU Watch Bureau

New Delhi: State-owned BPCL has said in a regulatory filing on Monday that "it is planning to raise up to Rs 1,500 crores during the current financial year 2022-23 through private placement of unsecured non-convertible debentures subject to market conditions."

Further, the filing said, "The debentures are proposed to be listed on Debt Market segment of BSE Ltd and National Stock Exchange of India Ltd. The details of the issue including, class of investors, issue price, tenor, interest rate etc will depend on the market conditions which will be intimated on crystallisation of the issue."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

RBI likely to cut repo rate by 25 bps in Dec amid low inflation, strong growth: Report

Digitalisation, new financial products call for timely global tax info exchange: Sitharaman

Equity markets decline in early trade dragged by bank stocks, foreign fund outflows

Administrative approval under consideration for Sawalkote Hydroelectric Project in J&K: Lal

BDL secures additional defence orders worth Rs 2,461.62 crore from Indian Army