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

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.)