Electrosteel raises Rs 200 crore via debentures

New Delhi, Mar 7 (PTI) Electrosteel Castings today said it has raised around Rs 200 crore through non-convertible debentures on private placement basis."The banking and authorisation committee vide re

Written by: PTI Feeds
Published: March 7, 2017, 4:13 PM IST
Electrosteel raises Rs 200 crore via debentures

New Delhi, Mar 7 (PTI) Electrosteel Castings today said it has raised around Rs 200 crore through non-convertible debentures on private placement basis.

“The banking and authorisation committee vide resolution passed by circulation today i.e on 7 March 2017 has allotted …unlisted secured redeemable non-convertible debentures…

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aggregating to Rs two hundred crore on private placement basis,” Electrosteel Castings said in a BSE filing.

Electrosteel provides techno-economic solutions for water supply and sewerage systems. It is also involved in the execution of turnkey projects as an engineering, procurement and construction (EPC) contractor for infrastructure projects, including sourcing, treatment and distribution in its portfolio of services.

This is published unedited from the PTI feed.

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