Hindustan Zinc raises Rs 3,520 cr via NCDs-February 2024-www.financetom.com

Hindustan Zinc raises Rs 3,520 cr via NCDs

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Hindustan Zinc raises Rs 3,520 cr via NCDs

Sep 29, 2020 6:54 AM

Hindustan Zinc on Tuesday said it has raised Rs 3,520 crore through issuance of non-convertible debentures (NCDs). ”The issuer today…approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis (’Issue’) by Hindustan Zinc,” the company said in a filing to BSE.

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Hindustan Zinc is a leading zinc-lead miner. It is a subsidiary of Vedanta Ltd which owns 64.9 percent stake in the company while the Government of India holds 29.5 percent stake.

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