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CESC To Raise Rs 100 Crore From Axis Bank Via NCDs
The board approved allotment of 10,000 secured, unlisted, redeemable, rated NCDs with a face value of Rs 1,00,000 each.
29 Dec 2023, 02:16 PM IST 
Signage of Axis Bank seen at one of its branch in Bengaluru, India. (Source: NDTV Profit)
Power utility CESC Ltd on Friday said it received board's approval for raising Rs 100 crore from Axis Bank through issue of non-convertible debentures on private placement basis.
The committee of the board of directors at its meeting approved the allotment of 10,000 secured, unlisted, redeemable, rated non-convertible debentures having a face value of Rs 1,00,000 each aggregating to Rs 100 crore on a private placement basis to Axis Bank Limited, CESC said in a regulatory filing.