CESC Ltd

CESC Ltd, a prominent player in India's power utility sector, has successfully raised Rs. 250 crore through the private placement of non-convertible debentures (NCDs) to Axis Bank. This strategic financial maneuver reflects the company’s ongoing efforts to optimize its capital structure and secure stable funding for future growth. The allotment involves 25,000 secured, redeemable, and rated NCDs, each with a face value of Rs. 1,00,000.

CESC Ltd., a leading player in the power sector, has announced a proposal to raise Rs 250 crore through the issuance of Non-Convertible Debentures (NCDs). The board has approved the issuance of 25,000 secured, unlisted, redeemable NCDs, with a face value of Rs 1 lakh each. This move is part of the company’s ongoing efforts to strengthen its financial position and support its operations in the power generation, transmission, and distribution segments. The NCDs will be issued on a private placement basis, with the allotment scheduled for April 11.