CESC Limited has informed the Exchange regarding 'Allotment of Debt Securities '.
CESC · price
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CESC Limited has allotted 30,000 Redeemable, Senior, Secured, Unlisted, Rated Non-Convertible Debentures (NCDs) on a private placement basis. Each debenture has a face value of Rs. 1,00,000, taking the total issue size to Rs. 300 crore. The NCDs were allotted to Citibank N.A. as the sole investor, following approvals at a Committee of the Board meeting held on September 26, 2025. This follows the company's earlier communications dated September 19 and September 24, 2025, regarding the issuance.
The Rs. 300 crore debt raise strengthens CESC's liquidity and capital structure. Since the debentures are secured and the investor is a reputed institution (Citibank N.A.), this signals confidence in the company's credit profile, though it adds to overall debt obligations.