Hindalco Industries rises 0.9% on average volume for a second consecutive day, a two day rise of 4.5%
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Hindalco Industries Limited Announces Issuance Of Secured Redeemable Non-convertible Debentures On Private Placement basis
Hindalco Industries Limited announced that the Company on April 25, 2012 has completed issuance of Secured Redeemable Non-convertible Debentures amounting to INR30 billion on Private Placement basis at the coupon of 9.55% PA. The Committee of Directors in their meeting held on April 25, 2012, approved the allotment of 30,000 Secured Redeemable Non-convertible Debentures on Private Placement basis, having the face value of INR10,00,000 each to the eligible Investors, in accordance with SEBI (Issue and Listing of Debt Securities) Regulations, 2008, and other relevant laws The proceeds will be used for the general business purposes including capital expenditure, working capital, refinancing of existing debt. The aforesaid Debentures are proposed to be listed on WDM of National Stock Exchange of India Limited.
Latest Developments for Hindalco Industries Ltd
- Odisha Pollution Control Board Orders Shutdown Of HindalCo Industries Ltd's Power Unit-The Economic Times
- Hindalco Industries Limited Planning To Raise INR9,000 Crore (INR90 Billion) For Odisha Greenfield Project-The Economic Times
- Hindalco Industries Limited Recommends Dividend; Announces Allotment And Completion Of Secured Redeemable Non-convertible Debentures
- India's Hindalco Industries Limited To Raise INR30 Billion Via Bonds At 9.55%-Reuters
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