BPCL plans to raise Rs 1,500 cr through pvt placement of unsecured NCDs 
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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."

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