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Kalpataru Power to raise Rs 100 crore on private placement basis

Kalpataru Power Transmission has received an approval for issuance of Listed Rated Unsecured Redeemable Taxable Non-Convertible Debentures (NCDs) of Rs 100 crore on private placement basis. The Executive Committee of Board of Directors of the company at its meeting held on May 24, 2017 has approved for the same.

The company will issue 1,000 NCDs of Rs 10 lakh each. The NCDs will be listed on the wholesale debt market of BSE. The tenure of the NCDs will be for a period of 5 years and the date of maturity will be May 25, 2022.

Kalpataru Power Transmission is one of the largest and fastest growing specialized EPC companies in India engaged in power transmission and distribution, oil and gas pipeline, infrastructure development, civil contracting and warehousing and logistics business with a strong international presence in power transmission and distribution.

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