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Adani Power has raised Rs 330 crore through NCDs

Adani Power has raised Rs 330 crore through allotments of non-convertible debentures (NCDs) on a private placement basis.

Adani Power has said in a BSE filing that “The company raised Rs 330 crore on May 10, 2016, by allotment of 3,300 rated, listed, redeemable, zero coupon, non- convertible debentures (NCDs) of the face value of Rs 10,00,000 each on a private placement basis.”

The said NCDs are going to be listed on the wholesale debt market of BSE.

Read EquityPandit’s Nifty Energy Outlook for this week 

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