Coforge Ltd raises Rs. 340 crore through NCB

The Board of Directors of Coforge Ltd ("Board") has approved allotment of up to 3400 Unsecured, Listed, Rated, Redeemable Non-Convertible Bonds of face value of INR 10,00,000 (Indian Rupees Ten Lakh) ("NCB") each aggregating up to INR 340,00,00,000 to identified investors on a private placement basis on terms and conditions as mentioned in the Information Memorandum for the said issue as submitted with the BSE Limited.

The NCBs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited.

Interest on the NCB's shall be paid on an annual basis and the principal amount shall be repaid on the date of redemption of the NCB's.

Shares of Coforge Ltd was last trading in BSE at Rs.2811.9 as compared to the previous close of Rs. 2850.1. The total number of shares traded during the day was 8350 in over 1020 trades.

The stock hit an intraday high of Rs. 2919 and intraday low of 2801.1. The net turnover during the day was Rs. 23667983.

Source : Equity Bulls

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