The date of allotment for the said NCDs is 29 September 2023 and their final redemption date is 29 September 2028. The coupon rate for the NCDs is the 3 Months T-Bill Rate plus 1.63% per annum.
In case of default of payment of any amount payable by the company under a transaction document on its due date, an additional interest of 2% (two per cent) per annum, over and above the coupon rate, shall be payable.
CESC is a fully-integrated electrical utility company. The company's other business segments include power, organized retailing, property development and business process outsourcing.
The company's net profit rose 21.33% to Rs 347 crore on a 5.07% increase in revenue to Rs 4310 crore in Q1 FY24 over Q1 FY23.
The scrip fell 1.54% to currently trade at Rs 89.98 on the BSE.
Powered by Capital Market - Live News