BPCL raises Rs. 550 crores through Private placement of Secured Non-Convertible Debentures

Bharat Petrocleum Corporation Limited (BPCL) has raised Rs. 550 crore through private placement of secured non-convertible debentures at a coupon of 7.35% p.a. payable semi-annually with a door to door maturity of 5 years on 07th March 2017.

The proceeds will be utilized for funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred.

Shares of BHARAT PETROLEUM CORPORATION LTD. was last trading in BSE at Rs.637.2 as compared to the previous close of Rs. 645.35. The total number of shares traded during the day was 131999 in over 3009 trades.

The stock hit an intraday high of Rs. 650.4 and intraday low of 630.1. The net turnover during the day was Rs. 84120523.

Source : Equity Bulls

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