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By EquityPandit
Idea Cellular has said that it will raising Rs 1,000 crore from the market by issuing unsecured NCDs.
It has said in a BSE filing that “The company is proposing to issue Unsecured Redeemable Non-Convertible Debentures (NCDs) amounting to Rs 1,000 crore on private placement basis.”
It added that the NCDs are proposed to be listed on NSE for a tenure of 5 years.
Read EquityPandit’s Technical Analysis of Indian Stock Market
