Altico Capital plans to raise Rs 1250 crore by issuing NCDs

May 17, 2016

Altico Capital India will raise upto Rs 1250 crore by issuing Debentures on private placement basis. The proposal to raise the said amount will come up at company's board of director meeting to be held on May 19. "...to consider a proposal to raise funds through issuance of non-convertible debentures (NCDs) aggregating upto Rs 1,250 cr, in ore or more tranches," It said In a BSE filling. Altico said the NCDs will be Issued on a private placement basis. However, It did not elaborate on usage of the funds raised. ALtico capital, A non banking financing company has the primary business of advancing loans and financing.

Back to recent news releases
Opportunities identified with Expertise and Experience.

Sub menu

Opportunities identified with Expertise and Experience.