HomeHindustan Zinc raises Rs 3,520 cr via NCDs

Hindustan Zinc raises Rs 3,520 cr via NCDs

Hindustan Zinc on Tuesday said it has raised Rs 3,520 crore through issuance of nonconvertible debentures (NCDs). "The issuer today...approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis ('Issue') by Hindustan Zinc," the company said in a filing to BSE.

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By PTI September 29, 2020, 3:54:53 PM IST (Published)

Hindustan Zinc raises Rs 3,520 cr via NCDs
Hindustan Zinc on Tuesday said it has raised Rs 3,520 crore through issuance of non-convertible debentures (NCDs). ”The issuer today…approved the allotment of 35,200 rated, listed, unsecured, redeemable, NCDs bearing a face value of Rs 10,00,000 each, aggregating to Rs 35,20,00,00,000 on private placement basis (’Issue’) by Hindustan Zinc,” the company said in a filing to BSE.


Hindustan Zinc is a leading zinc-lead miner. It is a subsidiary of Vedanta Ltd which owns 64.9 percent stake in the company while the Government of India holds 29.5 percent stake.
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