KPTL board approves Rs 99 cr fundraising plan

New Delhi: Kalpataru Power Transmission Limited (KPTL) said on Thursday that its board has approved a proposal to raise Rs 99 crore through issuance of non-convertible debentures (NCDs). A total of 990 NCDs of face value of Rs 10 lakh each will be issued under the fundraising plan, KPTL said in a regulatory filing.

"The Executive Committee (EC) of the Board of Directors of the Company has approved the issuance of listed, rated, unsecured, redeemable, taxable, non-convertible debentures of Rs 99 crores on private placement basis," it said.

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The EC approved the decision at its meeting held on Thursday.

Part of Kalpataru Group, KPTL, is amongst the leading engineering, procurement, and construction (EPC) companies.

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