Blue Star Ltd approves raising of Rs. 300 crores through NCDs

The Debenture Committee of the Board of Directors of Blue Star Limited ("Committee") at its meeting held today, i.e. Friday, May 29, 2020 has approved an issue of 3,000 unsecured, Non-Convertible Debentures, having face value of Rs 10 lakhs each for cash at par aggregating to Rs 300 crores, with an option to retain over subscription up to Rs 50 crores, aggregating to Rs 350 crores, on a private placement basis.

The Debentures are proposed to be listed on the Wholesale Debt Market segment on the National Stock Exchange of India Limited.

Shares of BLUE STAR LTD. was last trading in BSE at Rs.486.6 as compared to the previous close of Rs. 484.35. The total number of shares traded during the day was 5352 in over 595 trades.

The stock hit an intraday high of Rs. 496.8 and intraday low of 478.95. The net turnover during the day was Rs. 2617471.

Source : Equity Bulls

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