Last Updated : Tuesday, January 3, 2017 02:07:46

Idea cellular to issue 10 billion rupee Non-Convertible Debentures

GANDHINAGAR | MUMBAI | AHMEDABAD | RAJKOT – Idea Cellular Ltd (Aditya Birla Group Company) will issue 10 billion (1,000 crore) rupees unsecured redeemable non-convertible debentures (NCDs) for five year tenure deemed for date of allotment on January 4, 2017 and date of maturity on January 4, 2022, per annum coupon or interest offered would be 7.77%, the company statement said.

NCDs will be listed on The National Stock Exchange and scheduled annual payment of interest will be done on every 4th on the month of January every year till 2022 subject to business days convention and scheduled payment for principal amount would be done on January 4, 2022, the statement said.

Company update to issue 10 billion rupee NCDs was informed to exchange in pre-closing hours of trading session today, investors and markets cheered the news as the company shares ended in green on positive counters on the two leading exchanges of India – The Bombay Stock Exchange and The National Stock Exchange.


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