Jubilant Life Sciences raises Rs 350 cr via NCDs
Jubilant Life Sciences raises Rs 350 cr via NCDs
Jubilant Life Sciences Wednesday raised Rs 350 crore through non-convertible debentures (NCDs) on private placement basis for repayment of its existing debt and reduce the overall cost of borrowing.
In a regulatory filing, the company said it has issued 3,500 NCDs of Rs 10,00,000 each for cash at par.
The NCDs will have maturity period of 2 to 4 years and have been offered at an interest rate between 8.95 and 9.26 per cent per annum.
The NCDs will be redeemed on maturity, it added.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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